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Precious Metals Mining in Botswana to 2020 - a Focus on the Diamond Industry

Published By :

Timetric

Published Date : Aug 2014

Category :

Mining

No. of Pages : 26 Pages

Synopsis

The \'Precious Metals Mining in Botswana to 2020 - a Focus on the Diamond Industry\' report comprehensively covers the country’s historical and forecast data on diamond production, reserves and exports to 2020. The report also includes drivers and restraints affecting the industry, profiles of major diamond mining companies, and information on the major active projects and regulations governing the industry.

Executive summary

The country’s rough diamond production is expected to reach 25.3 million carats by 2014 and 32.2 million carats in 2020. In 2009, the county’s diamond industry declined sharply due to the global economic crisis, emphasizing the country’s reliance on export demand, leading to a fall in rough diamond production. Botswana’s rough diamonds are mostly exported to the US, Europe and Japan. These three destinations made up 84.7% of the country’s total exports in 2012.

Scope

The report contains an overview of Botswana\'s diamond mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, trade, competitive landscape, major active projects and the country\'s mining fiscal regime.

Reasons to buy

Gain an understanding of Botswana\'s diamond mining industry, the relevant drivers and restraining factors, reserves, historical and forecast production, trade and the fiscal regime.

Key highlights

  • Botswana is the world’s largest producer of diamonds by value, with diamonds accounting for 81% of total minerals contribution to country’s GDP and 98% of mineral revenue payable to the government in 2013. 
  • The country’s rough diamond production is estimated to reach 25.3 million carats by 2014 and 32.2 million carats in 2020. 
  • The relocation of the Diamond Trading Company (DTC) from London to Botswana in 2013 is an important step towards improvements in economic growth, job opportunities and investment. 
  • Botswana’s mining industry is governed by the Ministry of Mineral, Energy and Water Resources (MMEWR) and sub-departments such as the Department of Geological Survey (DGS), the Department of Water Affairs (DWA) and the Department of Mines (DoM).
Table of Contents

1 Executive Summary 1

2 Precious Metals Mining In Botswana 6
2.1 Country Overview 6
2.2 Mining Overview 6
2.3 Precious Metal Mining in Botswana – Drivers 7
2.4 Precious Metals Mining in Botswana – Restraints 8

3 Diamond Mining In Botswana – Reserves, Production and Trade 9
3.1 Reserves by Grade and Geographic Regions 9
3.2 Historical and Forecast Production 9
3.3 Total Production by Region 12
3.4 Total Production by Major Mines 12
3.5 Total Production by Mining Method 12
3.6 Major Exploration and Development Projects 12
3.7 Exports 12
3.8 Botswana vs Global Rough Diamond Production 14

4 Competitive Landscape 15
4.1 Debswana Diamond Company (Pty) Ltd. (Debswana) 15
4.2 Lucara Diamond Corp. (Lucara) 16

5 Fiscal Regime 17
5.1 The Botswana Mining Industry – Governing Bodies 17
5.1.1 Ministry of Minerals, Energy and Water Resources 17
5.1.2 Department of Geological Survey 17
5.1.3 Department of Water Affairs 17
5.1.4 Departments of Mines 17
5.1.5 Department of Environmental Affairs (DEA) 17
5.2 The Botswana Mining Industry – Governing Laws 17
5.2.1 Mines and Mineral Act, 1999 17
5.2.2 Explosives Act, 1962 18
5.2.3 Unwrought Precious Metals, 1944 18
5.3 The Botswana Mining Industry – Mining Licences 18
5.3.1 Prospecting License 18
5.3.2 Retention license 18
5.3.3 Mining license 19
5.4 The Botswana Mining Industry – Rights and Obligations 19
5.4.1 Prospecting holder rights 19
5.4.2 Prospecting holder obligations 19
5.4.3 Retention holder rights 19
5.4.4 Retention holder obligations 19
5.4.5 Mining license holder rights 19
5.4.6 Mining license holder obligations 20
5.5 The Botswana Mining Industry – Key Fiscal Terms 20
5.5.1 Royalty rate 20
5.5.2 License fees 20
5.5.3 Corporate Income Tax 20
5.5.4 Capital Gains Tax 20
5.5.5 Withholding Tax 20
5.5.6 Capital Allowance 21
5.5.7 Loss Carry Forward 21
5.5.8 Value Added Tax 21

6 Appendix 22
6.1 What is This Report About? 22
6.2 Methodology 22
6.3 Secondary Research 22
6.4 Primary Research 22
6.5 Contact Timetric 23
6.6 About Timetric 23
6.7 Timetric’s Services 23
6.8 Disclaimer 25

List of Table

Table 1: Diamond Mining in Botswana – Rough Diamond Production (Million Carats), 2000–2020 11
Table 2: Diamond Mining in Botswana – Major Active Mines, 2014 12
Table 3: Diamond Mining in Botswana – Major Development Projects, 2014 12
Table 4: Diamond Mining in Botswana – Rough Diamond Exports (Million Carats), 2004–2020 13
Table 5: Precious Metals Mining in Botswana – Debswana Diamond Company Ltd^, Major Projects, 2014 16
Table 6: Precious Metals Mining in Botswana – Lucara Diamond Corp, Major Projects , 2014 16
Table 7: The Mining Industry in Botswana – Mineral Royalty Rates (%), 2014 20
Table 8: The Mining Industry in Botswana – Depreciation Rates (%), 2014 21

List of Chart

Figure 1: Precious Metals Mining in Botswana – Diamond Revenue (2005–2029*) 8
Figure 2: Diamond Mining in Botswana – Rough Diamond Production (Million Carats), 2000–2020 10
Figure 3: Diamond Mining in Botswana – Rough Diamond Exports (Million Carats), 2004–2020 13
Figure 4: Diamond Mining in Botswana – Botswana vs. Global Rough Diamond Production (%), 2012 14
Figure 5: Location of Diamond Mining Companies in Botswana 15

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