Diamond exports increase by 60%

source: Mmegi
Staff Writer

In the first quarter of 2008, mineral earnings continued to contribute significantly to the national coffers as both diamond and copper/nickel exports grew significantly compared to the last quarter of 2007.

According to a March 2008 financial statistics report from the Bank of Botswana(BoB), diamond exports grew by 63.6 percent and 53.9 measured in Pula and US Dollar terms respectively, when compared to exports in the last quarter of 2007.

Statistics show that a total of P3.9 billion worth of diamonds was exported between October and December 2007. This figure increased to P6.4 billion in the first three months of this year.

The second highest mineral export, copper and nickel, has also registered significant growth in the first quarter of this year, coming from P935 million last year to P1.4 billion between January and March this year.

“However, compared to the same period in 2007, the growth rates were much lower. Annual growth rates [continue reading]


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