Diamond exports from Botswana in August continued to decline, highlighting the need to diversify the country's economy. Meanwhile, on Friday Botswana noted half a century of independence from Britain.
According to the Bank of Botswana, diamond exports fell by 5%, to $ 399.7 million dollars. In the first half-year supply of diamonds for export decreased by 1.8%, even though in July, they were significantly higher due to the low base effect of last year.
Botswana diamond industry can no longer enjoy conducting "business as usual", because the growth will be zero, even if production will remain the same, wrote last month, economists at Econsult company in Gaborone.
"We must turn to other growth sectors, including raw materials such as copper, iron ore and uranium, which we should use," - quoted in a June speech Botswana President Ian Khama South African edition of the Daily Maverick.
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Dominion Diamond Corporation will release its financial report for the fourth quarter and the entire 2016 financial year to January 31, 2016 after the close of trading on the stock exchange on April 13.
April 14 the company will hold a conference call for analysts, investors and other interested parties, which will also be available through the company website www.ddcorp.ca
-line archive of the conference will also be available through the Dominion website.
Dominion Diamond Corporation is the third largest world producer of diamonds by value. Both main asset Dominion are in the Northwest Territories in Canada, where the company also has its head office.
The company is developing the Ekati diamond mine (Ekati), owning 88.9% of the shares and 65.3 per cent stake in the adjacent areas containing additional reserves and resources. Dominion also owns 40% of the Diavik mine (Diavik). The company produces diamonds in a number of individual kimberlite pipes, ensuring the diversification of supply of diamonds. Dominion to sort and sell its products in Canada, Belgium and India.
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