De Beers case study, effect on Botswana, South Africa and England.
Diamonds contribute to the development of many LEDC’s in africa, they can signifinctly improve and economy, or in some cases where the poltcal situation is unstable, rebal groups can exploit them and workers, these diamonds are referred to as ‘blood diamonds’. De Beers is a large american company that monopolise the diamond market.
De Beers is a family of companies that dominate the diamond, diamond mining, diamond hops, diamond trading and industrial diamond manufacturing sectors. De Beers is active in every category of industrial diamond mining: open-pit, underground, large-scale alluvial, coastal and deep sea.Mining takes place in Botswana, Namibia, South Africa and Canada.
In a report written by De Beer’s in 2011, they state that “Diamonds have contributed significantly to develop in producer countries, but as a finite resorce the sustainability of diamond mining is ultimitly mesured by its abality to catalyse economic and social development that endures beyond the life of a mine.”
Botswana has one of the largest reserves natural resources in Africa, it is the biggest driver of their economy. Diamond mining is the sinle largest industry in Botswana, and has managed to transform the country from one of the poorest in africa in 1996 to one of the richest per capita by the 1990’s. Today Botswana remains the largest…