Giyani Metals' definitive feasibility study for the K.Hill project puts initial capital at $535m and after-tax NPV at $481.5m, positioning Botswana to host its first manganese mine and a battery-materials supply chain.
Lucara Diamond recovered a 36.92-carat Type IIb blue diamond from stockpiled ore at its Karowe mine in Botswana, only the second such find since operations began.
S&P cut Botswana's credit rating to BBB- from BBB, warning that structural weakness in the diamond market would weigh on the economy for longer than previously expected.
Lucara Diamond's 2025 revenue fell 22% to $159.7m and profit dropped 35% to $26.1m, as a shortage of very large stones offset resilient prices at Botswana's Karowe mine.
Canadian explorer Tsodilo Resources says drilling at its Gcwihaba project in north-west Botswana has confirmed all 15 rare earth elements on the US critical minerals list, close to surface.
Botswana's state-owned Okavango Diamond Company is increasing sales to contracted buyers to steady revenue as the rough diamond market stays depressed.
Botswana is redirecting mineral exploration toward critical minerals rather than diamonds, as a state-owned exploration company targets the 70% of the country never surveyed.
MMG has broken ground on a $900 million expansion of its Khoemacau copper mine in Botswana, aiming to lift annual output to 130,000 tonnes of copper.
Botswana Diamonds managing director James Campbell says the Gareth Penny-led consortium is the only bidder with the industry knowledge and government relationships needed to revive De Beers.
Lucara Diamond has filed an updated feasibility study for its Karowe underground project in Botswana, outlining $779 million in development capital and roughly ten years of additional mine life.
Wholesale lab-grown diamond prices have crashed as much as 96% since 2018, prompting Angola, Botswana, Namibia, South Africa and the DRC to fund a joint marketing push for natural stones.
Botswana is considering an emergency 615MW coal-fired power station after years of breakdowns at Morupule B, with only 65% of electricity demand currently met from local generation.
De Beers and Botswana's government signed a new 10-year rough diamond sales agreement and a 25-year extension of Debswana's mining licences on 25 February 2025, alongside 10 billion pula of development funding for Botswana.
