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De Beers Postpones Setting up Aggregation in Botswana
By Avi Krawitz Posted: 12/09/08 07:30
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RAPAPORT... A spokesperson for De Beers said Tuesday that the company is unlikely to transfer its aggregation activities to Botswana in 2009 as previously planned, because current conditions are not suitable to make the move. “We have completed a detailed feasibility study which has identified a small number of key issues which need to be resolved to ensure a smooth and successful transition of this important function,” said Lynette Gould, De Beers Group's spokesperson. 

Gould explained that De Beers believes that it is essential that this preliminary work "is completed prior to beginning the transition of aggregation activities. This will allow the aggregation function to remain fully focused on [its] task, which is particularly important in this difficult trading environment.” She did not specify what issues needed ironing out, but said that the company was working with the government to "ensure conditions in Botswana are right for success." 

De Beers plans to move its aggregation center from London to Botswana as part of its support for beneficiation in the southern African country. Aggregation is the process whereby goods from all the company’s global sorting houses are categorized for distribution to clients. In the past year and a half, the company has set up its main sorting facility in Gaborone and started supplying goods to local clients for cutting and polishing there.



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