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All About Botswana

Population: 1.8 million

GDP (PPP): $28.5 billion

8.6% growth

3.5% 5-year compound annual growth

$15,489 per capita

Unemployment: 7.5%

Inflation (CPI): 7.0%

FDI Inflow: $529.3 million

About diamond mining in Botswana

Botswana is the largest diamond producing country in the world by value, supplying 21% of global rough diamond production. It is the location of the world’s two largest diamond mines, Jwaneng and Orapa, and four non-De Beers diamond mines – Gem Diamonds, Firestone, Lucara and Mantle Diamonds.  Diamonds were first discovered in Botswana in 1959 and the first kimberlites were discovered in 1967.  Since then, over 275 kimberlites have been discovered in the country. With a long and well-established Mining Code, Botswana is rated by the Fraser Institute as the best country in Africa for mining. The country has the highest sovereign credit rating in Africa. Since gaining independence in 1966, Botswana has been governed by the Botswana Democratic Party in a multi-party democracy. 


Links: http://www.heritage.org/index/country/botswana

MINES AND MINERALS ACT, 1999 REPUBLIC OF BOTSWANA



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