Diamond Mining in the news: Debeers Doubts Leviev's Proposal.

Excerpt:

THE Managing Director of the DeBeers Group, Gary Ralfe has refuted claims that Lev Leviev, the owner of Lev Leviev Group is likely to set up a diamond cutting and polishing factory in Botswana.
On Tuesday during the first anniversary celebrations of Diarough ownership of Teemane Manufacturing Company in Serowe, the Minister for Minerals, Energy and Water Resources, Boometswe Mokgothu confirmed that his ministry is in discussions with various companies who are interested in setting up diamond manufacturing operations in Botswana.
"We are continuously engaged in discussions with various people who have interest, means, experience, technology and know-how, with a view to setting up more diamond manufacturing operations in Botswana," he said.
Mokgothu was last week quoted as saying: "The Israeli tycoon is coming with what Botswana has been looking for."
The minister is understood to have said that the government does guarantee approval of Leviev's proposal.
However, the De Beers Group MD denied that the minister's speech on consultations was in reference to Leviev.
"As far as I know, there will be four cutting and polishing factories here by the end of the year. That is; Diarough in Serowe, Schachter and Namdar in Molepolole, Euro star and Star Group in Gaborone.

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