@@OkechukwuChinonso-fb2sl only getting 10% of the resources is nothing compared to billions they're going to be getting off of this big diamond they need Il to demand more for their resources for the West is use to giving nothing for their resources.
Important detail, it belongs to a Canadian company. The only thing that Botswana gets is tax. Until Africa starts to own, they won't reach their full potential.
@@callsignfives4403 so you are proud, someone comes to your land mines all they can and give you 10% for bread? We have a long way to go as africans. if you own 10% of a property; how do you claim its yours? Just shut up bro.
@@bennimako if you knew how much Botswana actually makes from Diamonds you might shut your mouth. The Fact that we make the most amount of money from Diamonds whilst not being the top producer of diamonds tells you enough, countries like Russia have their own everything and process their own diamonds and still don't get a return in their economy like we do. Companies like De Beers have done a lot for the country, education, conservation and much more. How many jobs they have opened up in the country.
@@callsignfives4403 every penny you make those Western Nations make billions !you're not understanding you need to own your own resources or the majority and get more money African sales resources for almost nothing while the companies make millions of dollars of profit off of your resources this is why the people still lack roads electricity and running water. Africans could have all of this if they have more control of their sources. Africa's poor because of corrupt leadership and getting highly underpaid for their resources.
Your Jounalist are lazy reseatchers. •Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%). •Royalties paid on gross market value @ -10% for diamonds -5% for precious metals (gold, platinum etc.) -3% for all others minerals •Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula: Annual Tax Rate = 70-1500/x, where x = taxable income/gross income -Minimum rate is the standard corporate rate of 22% of the profit •Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project. •Immediate 100% write-off of capital. •Unlimited carry forward of losses. What she failed to tell you is that all stones from said Karowe mine are sold through HB Antwerp and that the government of Botswana is at an advanced stage to acquire a 50% stake on this company ensuring Botswana benefits more from from the only operational diamond mine within its borders it does not have a stake in. She has also omitted the fact that the government is drafting a bill that will force all mining companies to sell 24% stake in their companies to Batswana. Or that Botswana owns a 50% stake in Debswana the world’s largest diamond producer by value. And that upto 50% of Debswana’s diamond output is given to 100% government owned Okavango diamond company to process and sell. Or that Botswana owns a 15% stake in Debeers who export all their diamonds from all their operations in Canada, Namibia and south Africa to botswana for processing and sale. She has also forgotten to inform you that the said Karowe mine does not even contribute 1% to total annual diamond output from Botswana and that Debswana which the government owns 50% of, is the major contributor(99%). Or that Diamond have transformed Botswana from the second poorest country at Independence in 1966 to and upper middle income in less than 50 years or that Botswana is in track to become a high income economy by 2030 on the back of diamonds .
FACTS.. Botswana 🇧🇼, is a well governed state. 50 percent of their revenues., goes to their population., = FREE education, good infrastructures and more.. #ADVANCE AFRICA 🌍 ❤️ ♥️ 👏
It's true. We have resources but are not benefiting from them. These resources go to benefit non-Africans and corrupt African leaders who enable Africa's wealth to get stolen.
There’s nothing like a beautiful diamond. It’s true though, that lab grown diamonds are becoming very popular and abundant. They are grown from a diamond seed, in a lab that recreates the way diamond in the earth is formed. They are indistinguishable from a diamond from the ground for a fraction of the price. They are conflict free too. This new found gem will bring millions, and probably end up in several magnificent stones.
Botswana is a stable country.. with good economic policies ,elections are held every five years ...their citizens are well taken care off. I have not heard of any Botswana citizen ....going as Refugees to other country...
The government gains a lot of money from these mines through royalities and taxes... Botswana is the only country that benefits fully from her mineral resource in Africa... No African country has better deals with mining companies like Botswana...
Actually they don't they are on a lease and a mining license. Any investor can apply for these and the government would choose whether it wants a stake or the mine should benefit locals like the Canadian mine employs 98% of the locals...
@@ismaeltseitshiro647 4:18 Lucara Diamond is a Canadian diamond mining company that owns the Karowe Diamond Mine in Botswana. The company also owns Clara Diamond Solutions, a digital sales platform that aims to modernize the diamond supply chain.
Your Jounalist are lazy reseatchers. •Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%). •Royalties paid on gross market value @ -10% for diamonds -5% for precious metals (gold, platinum etc.) -3% for all others minerals •Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula: Annual Tax Rate = 70-1500/x, where x = taxable income/gross income -Minimum rate is the standard corporate rate of 22% of the profit •Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project. •Immediate 100% write-off of capital. •Unlimited carry forward of losses. What she failed to tell you is that all stones from said Karowe mine are sold through HB Antwerp and that the government of Botswana is at an advanced stage to acquire a 50% stake on this company ensuring Botswana benefits more from from the only operational diamond mine within its borders it does not have a stake in. She has also omitted the fact that the government is drafting a bill that will force all mining companies to sell 24% stake in their companies to Batswana. Or that Botswana owns a 50% stake in Debswana the world’s largest diamond producer by value. And that upto 50% of Debswana’s diamond output is given to 100% government owned Okavango diamond company to process and sell. Or that Botswana owns a 15% stake in Debeers who export all their diamonds from all their operations in Canada, Namibia and south Africa to botswana for processing and sale. She has also forgotten to inform you that the said Karowe mine does not even contribute 1% to total annual diamond output from Botswana and that Debswana which the government owns 50% of, is the major contributor(99%). Or that Diamond have transformed Botswana from the second poorest country at Independence in 1966 to and upper middle income in less than 50 years or that Botswana is in track to become a high income economy by 2030 on the back of diamonds .
@bobbyben6134 do you think this is the 1st time a large diamond has been discovered in Botswana?? Many large diamonds have been discovered, even the one that previously had the recorded for the 2nd largest diamond. Wa from Botswana... its nothing new
Hello from Canada! Yes, it was a Canadian company that discovered this diamond. That said, 10% going to Botswana is too low. What constitutes a fair share all around I'm not sure but something this spectacular will make the mining company rich as well as giving the deserving country, schools, hospitals and roads. There is lots to go around...
Did you you know that the government of Botswana through their stake in Debeers own the Gahcho Kué mine in Canada. Gahcho Kué, the world’s largest new diamond mine, opened on September 20, 2016. It is a fly-in/fly-out remote mine site on the Canadian tundra just south of the Arctic Circle, about 280 kilometres northeast of Yellowknife, the capital of the Northwest Territories. Did you know that all diamonds extracted from this mine are exported Botswana for processing and sale? More fun facts. Did you know through the same arrangement Botswana owned the snap snake Diamond mine in Canada. Snap Lake, De Beers Group’s first mine outside Africa, is located 220 kilometres northeast of Yellowknife, capital of the Northwest Territories. Canada’s first completely underground mine, it was placed on extended care and maintenance in December 2015. How about Victor mine? Victor was a remote fly-in/fly-out open-pit mine that was in operation between 2008 and 2019. It was Ontario’s first and only diamond mine and the second in Canada for De Beers Group, after Snap Lake. The site is located in the James Bay Lowlands of northeastern Ontario, about 90 kilometres west of the coastal community of Attawapiskat First Nation. The mine officially opened on July 26, 2008 and production ceased at the end of May 2019. Victor officially entered closure in July 2019. Botswana owned that as well and all output was sent to Botswana.
Absolutely the locals should get their fair share. Botswana should ask the Royal family to give back the diamond just like India should demands its jewels back from the Royals. All stolen jewels should be given back to their respective countries.
Cullinan diamond was initially exhibited and put up for auction sale across Europe but no buyer wanted to have a large uncut stone which was unheard of. later after two years of its discovery it was purchased by the local Transvaal goverment and gifted to king Edward VII as a token of loyalty from the dutch community of south africa.
We're not going to benefit... As long as Batswana don't have a stake or say in the diamonds, artificial diamond production will be very low or non existent...
Like he said if he builds roads and schools and hospitals with that money He would be counted as one of the best Head of states in all the African countries.
Instead of mining themselves they give it to some foreign company. Lost potential of Africa. They could have owned that diamond completely but now will get only 10% royalty 🤦.
•Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%). •Royalties paid on gross market value @ -10% for diamonds -5% for precious metals (gold, platinum etc.) -3% for all others minerals •Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula: Annual Tax Rate = 70-1500/x, where x = taxable income/gross income -Minimum rate is the standard corporate rate of 22% of the profit •Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project. •Immediate 100% write-off of capital. •Unlimited carry forward of losses. This does not include proceeds from supplying the mine with Utilities(water,Electricity, sewage disposal, Telecommunication services) or taxes levied on companies that supply the mine with products and services the mine needs to operate. The mine has created thousands of Jobs in country throughout the value chain of their operations. The majority of these employees pay income tax to the government. Lucara also had to pay import tax to the tune of upto 30% of the value of the machinery and equipment they imported.
Most people here are generalizing Botswana and Africa. Botswana is one of the most developed countries in Africa, has a robust democratic system, rule of law and infrastructure most of the diamond mining has actually gone on to benefit the people of Botswana.
Which ever way you slice it, that is a very bad deal, who cares if you have Sky scraper on every corner. The disease o of giving away resources tedious is destroying Africa. Our children won't have anything left with the current leadership. I don't even believe you ever been to Beverly Hills the prices are already multiplied by more than 20,000 percent by the time they are done with the stupid, ignorant Africans.
@@yrheuw9515 I have to respect what each African country is doing with their, resources as long as folks stay over there Iam good.What Iam hearing and reading from Ghana and , and south Africans is we are interested only in jobs and opening new markets in countries we are giving our minerals to. Hey they are not my minerals why should I get worked over someone else problem.
Did you you know that the government of Botswana through their stake in Debeers own the Gahcho Kué mine in Canada. Gahcho Kué, the world’s largest new diamond mine, opened on September 20, 2016. It is a fly-in/fly-out remote mine site on the Canadian tundra just south of the Arctic Circle, about 280 kilometres northeast of Yellowknife, the capital of the Northwest Territories. Did you know that all diamonds extracted from this mine are exported Botswana for processing and sale? More fun facts. Did you know through the same arrangement Botswana owned the snap snake Diamond mine in Canada. Snap Lake, De Beers Group’s first mine outside Africa, is located 220 kilometres northeast of Yellowknife, capital of the Northwest Territories. Canada’s first completely underground mine, it was placed on extended care and maintenance in December 2015. How about Victor mine? Victor was a remote fly-in/fly-out open-pit mine that was in operation between 2008 and 2019. It was Ontario’s first and only diamond mine and the second in Canada for De Beers Group, after Snap Lake. The site is located in the James Bay Lowlands of northeastern Ontario, about 90 kilometres west of the coastal community of Attawapiskat First Nation. The mine officially opened on July 26, 2008 and production ceased at the end of May 2019. Victor officially entered closure in July 2019. Botswana owned that as well and all output was sent to Botswana. Hi
Anu ba maitutulong ng mga batong mamahalin? darating panahon na mawawalan ng halaga mga iyan 😅importante sa akin sa buhay kong ito ay may higit na Diamond ako sa buhay ko ......ang Panginoon HESUS 🙏 the source of my everything 🙏🙏🙏
it only means that theres a larger vein of diamonds near where its found, likely bellow, and in the direction where the tectonic plate shifted, meaning they wouldn’t just find one large diamond anytime now, but more, and maybe some bigger ones
Just listen to what the president said while holding up the diamond he said he can see more roads built and hospitals that's a true leader
What about jobs and housing? What about education and eradicating poverty?
@@OkechukwuChinonso-fb2sl only getting 10% of the resources is nothing compared to billions they're going to be getting off of this big diamond they need Il to demand more for their resources for the West is use to giving nothing for their resources.
Did you hear what he said@@Ed-xv4sy
Until others take control of the country and its resources. Poor Africa!!!
Like his attitude but i am sure those roads are build by some eastern country 🌚
USA is coming with democracy and freedom
😂
LMAO
Lol
They would have done that a long time ago... never happening!
Never again.
The Diamond must stay in Africa, its Birth Right and Legacy for future generations to cherish and marvel the purity of Africa.
Why? If it wasn't for the Canadian company, it wouldn't be discovered and the people in Botswana wouldn't benefit a penny
Africa is the richest continent on this planet!
But the poorest.. don't forget that.. it's a Gold and diamond curse..Blood diamond.. corruption pandemic..
Land is rich but African are poor. It’s all for foreign & your leaders
Too much corrupt
It's a cesspit of corruption and disease.
People want infrastructure, good living standards and opportunities to succeed.
First gold now diamond. Good job Botswana
but your profile didn't even get silver😭
Important detail, it belongs to a Canadian company. The only thing that Botswana gets is tax. Until Africa starts to own, they won't reach their full potential.
We also get Royalties...
@@callsignfives4403 so you are proud, someone comes to your land mines all they can and give you 10% for bread? We have a long way to go as africans. if you own 10% of a property; how do you claim its yours? Just shut up bro.
@@bennimako if you knew how much Botswana actually makes from Diamonds you might shut your mouth. The Fact that we make the most amount of money from Diamonds whilst not being the top producer of diamonds tells you enough, countries like Russia have their own everything and process their own diamonds and still don't get a return in their economy like we do. Companies like De Beers have done a lot for the country, education, conservation and much more. How many jobs they have opened up in the country.
@@callsignfives4403 every penny you make those Western Nations make billions !you're not understanding you need to own your own resources or the majority and get more money African sales resources for almost nothing while the companies make millions of dollars of profit off of your resources this is why the people still lack roads electricity and running water. Africans could have all of this if they have more control of their sources. Africa's poor because of corrupt leadership and getting highly underpaid for their resources.
Your Jounalist are lazy reseatchers.
•Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%).
•Royalties paid on gross market value @
-10% for diamonds
-5% for precious metals (gold, platinum etc.)
-3% for all others minerals
•Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula:
Annual Tax Rate = 70-1500/x, where x = taxable income/gross income
-Minimum rate is the standard corporate rate of 22% of the profit
•Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project.
•Immediate 100% write-off of capital.
•Unlimited carry forward of losses.
What she failed to tell you is that all stones from said Karowe mine are sold through HB Antwerp and that the government of Botswana is at an advanced stage to acquire a 50% stake on this company ensuring Botswana benefits more from from the only operational diamond mine within its borders it does not have a stake in. She has also omitted the fact that the government is drafting a bill that will force all mining companies to sell 24% stake in their companies to Batswana. Or that Botswana owns a 50% stake in Debswana the world’s largest diamond producer by value. And that upto 50% of Debswana’s diamond output is given to 100% government owned Okavango diamond company to process and sell. Or that Botswana owns a 15% stake in Debeers who export all their diamonds from all their operations in Canada, Namibia and south Africa to botswana for processing and sale.
She has also forgotten to inform you that the said Karowe mine does not even contribute 1% to total annual diamond output from Botswana and that Debswana which the government owns 50% of, is the major contributor(99%). Or that Diamond have transformed Botswana from the second poorest country at Independence in 1966 to and upper middle income in less than 50 years or that Botswana is in track to become a high income economy by 2030 on the back of diamonds .
Don't tell the Brits
Gunna look good in the British museum
Lol, charles and the gang
FACTS..
Botswana 🇧🇼, is a well governed state. 50 percent of their revenues., goes to their population., = FREE education, good infrastructures and more..
#ADVANCE AFRICA 🌍 ❤️ ♥️ 👏
Botswana a showcase of good leadership, stability and vision! Congrats Botswana you are a model for Africa!
U.S : Botswana will need freedom and democracy, and we the State have obligation to help them achieve that... Let's go boys. 😂
😂😂😂😂😂... No, we don't need Americans in our country
But sadly Canada own that 😂
@@kodonwartr7807 Sadly Botswana has been a democratic state since 1966 and it's not the first large diamond found here.
Botswana is a safe & stable country with good economic policies
that woman should have her face covered.
That diamond is they ,
country national treasure.💎💠💎
"gifted" to the British Monarch.
R.U.SURE it was gifted?
MaMA Africa ❤❤❤❤❤❤ From ethiopia
love botswana
And they continue to say African is poor
Poor the people
It's true. We have resources but are not benefiting from them. These resources go to benefit non-Africans and corrupt African leaders who enable Africa's wealth to get stolen.
It is poor, we don't say it. Be more insecure and ashamed of your corrupt selves.
The people might be poor but the land and all them other races that goes there ain't. Cause they got tools to steal.
Yes it is
There’s nothing like a beautiful diamond. It’s true though, that lab grown diamonds are becoming very popular and abundant. They are grown from a diamond seed, in a lab that recreates the way diamond in the earth is formed. They are indistinguishable from a diamond from the ground for a fraction of the price. They are conflict free too.
This new found gem will bring millions, and probably end up in several magnificent stones.
It's sad such precious metals never benefit the people of Africa. The oil, gold and all African minerals are exported to Europe
By selling to consumers in Europe, wouldn't your country make money to help with the country's infrastructure and feed the natives?
Diamond is pure Carbon and not a metal
Botswana is a stable country.. with good economic policies ,elections are held every five years ...their citizens are well taken care off. I have not heard of any Botswana citizen ....going as Refugees to other country...
The government gains a lot of money from these mines through royalities and taxes...
Botswana is the only country that benefits fully from her mineral resource in Africa...
No African country has better deals with mining companies like Botswana...
That Canadian company takes home 90% of the profits from the diamonds… how on earth is Botswana benefiting from that ?
Poloko u contradicting yourself des no such
I’m saving this news today. Will be back in 5years to know if truly this diamond is from Africa or Europe!
Congrats to them on their diamond discovery! 🔷
Hopefully nobody will suddenly declare them a "death cult" as a pretext to grab it from them.
More like congrats to the Canadians...the mine is 100% owned by the canadians
It looks like one of the seven infinity stones!
Sierra Leone is the first largest diamond to be discovered..
What did they do with it 😂😂
@@laminsarr-hm3ioWhat do, the criminals in power always do?
It turns into stone
That ain't True.....The biggest Diamond to be unearthed was in South Africa 🇿🇦
Sierra Leone is a country, not a diamond.
"Charles and the gang won't be getting a hand on this one, atleast not for free." 😅 EPIC!
Why on earth would another nation fully own a diamond 💎 mine in Africa ??? 🤦🏾♀️
Actually they don't they are on a lease and a mining license. Any investor can apply for these and the government would choose whether it wants a stake or the mine should benefit locals like the Canadian mine employs 98% of the locals...
Because natives are mostly corrupt....can't have nice things
@@ismaeltseitshiro647 4:18 Lucara Diamond is a Canadian diamond mining company that owns the Karowe Diamond Mine in Botswana. The company also owns Clara Diamond Solutions, a digital sales platform that aims to modernize the diamond supply chain.
Charles and the gang.😂
😂😂😂
@@martin96991 Charlie is waiting
It belongs to me; I was missing it for some time now! The honest finder will be well rewarded.
❤❤❤Motswana here
US is coming for humanitarian😂
😂😂NEVER MIND WE DON'T NEED USA THANKS
Though Boswana is so rich in diamond, the public are suffering, and struggling to survive ,why???
True I live in Botswana, 80% people I have not saw , touch , see .... Real story
How are we Batswana suffering, pray tell?
With free education, health care, students sponsorship to well recognised international universities how r they suffering.
Corruption
Wow i will be moving to Botswana ❤❤ soon
Amazing!
3:31 it’s owned by a Canadian company. Charles is King of Canada.
Wooow 😱😁
Wowww 💎
Charles and the gang😂.....good one
The money that goes in Botswana coffers is puny.....
Looks Great
Palki mam...gotta fall in for ua voice..
God Bless Africa ❤❤❤❤
What useless leader sold a whole mine to foreigners 😢?
You don't understand how mining laws work in Botswana. Don't believe everything you hear in mainstream media...
So true & all over Africa
Only God will save us African
Most diamond mines in Africa are unfortunately owned by foreign firms who don’t even invest in local infrastructure
Your Jounalist are lazy reseatchers.
•Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%).
•Royalties paid on gross market value @
-10% for diamonds
-5% for precious metals (gold, platinum etc.)
-3% for all others minerals
•Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula:
Annual Tax Rate = 70-1500/x, where x = taxable income/gross income
-Minimum rate is the standard corporate rate of 22% of the profit
•Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project.
•Immediate 100% write-off of capital.
•Unlimited carry forward of losses.
What she failed to tell you is that all stones from said Karowe mine are sold through HB Antwerp and that the government of Botswana is at an advanced stage to acquire a 50% stake on this company ensuring Botswana benefits more from from the only operational diamond mine within its borders it does not have a stake in. She has also omitted the fact that the government is drafting a bill that will force all mining companies to sell 24% stake in their companies to Batswana. Or that Botswana owns a 50% stake in Debswana the world’s largest diamond producer by value. And that upto 50% of Debswana’s diamond output is given to 100% government owned Okavango diamond company to process and sell. Or that Botswana owns a 15% stake in Debeers who export all their diamonds from all their operations in Canada, Namibia and south Africa to botswana for processing and sale.
She has also forgotten to inform you that the said Karowe mine does not even contribute 1% to total annual diamond output from Botswana and that Debswana which the government owns 50% of, is the major contributor(99%). Or that Diamond have transformed Botswana from the second poorest country at Independence in 1966 to and upper middle income in less than 50 years or that Botswana is in track to become a high income economy by 2030 on the back of diamonds .
Verily Verily, I say unto you. Diamonds are FOREVER! 💎
African is Rich,,, and blessed by God,,,,
God bless You Mr President and your Country ,,I like it when you said you see Roads and Hospitals build,👍👍👍👍
They will come to steal it ,,,, Botswana will be poor due to poor governance 😮😮😮
Clearly, you know nothing about Botswana...
@@Poloko.MotsumiIt’s the same like South Africa . Outsiders & corrupt leaders get all
@bobbyben6134 do you think this is the 1st time a large diamond has been discovered in Botswana?? Many large diamonds have been discovered, even the one that previously had the recorded for the 2nd largest diamond. Wa from Botswana... its nothing new
@Poloko.Motsumiand people are poor
They are the least CORRUPTED In Africa 🌍.
They are well governored
Botswana need democracy now 🇺🇸 😅
🇺🇸❤️
🇧🇼🇧🇼🇧🇼 Botswana
Love ❤️ from 🇮🇳
This reminds me of the movie *Blood Diamond* (such a great movie)
I love how she pronounce the name Botswana"❤
Hello from Canada! Yes, it was a Canadian company that discovered this diamond. That said, 10% going to Botswana is too low. What constitutes a fair share all around I'm not sure but something this spectacular will make the mining company rich as well as giving the deserving country, schools, hospitals and roads. There is lots to go around...
Did you you know that the government of Botswana through their stake in Debeers own the Gahcho Kué mine in Canada. Gahcho Kué, the world’s largest new diamond mine, opened on September 20, 2016. It is a fly-in/fly-out remote mine site on the Canadian tundra just south of the Arctic Circle, about 280 kilometres northeast of Yellowknife, the capital of the Northwest Territories.
Did you know that all diamonds extracted from this mine are exported Botswana for processing and sale?
More fun facts. Did you know through the same arrangement Botswana owned the snap snake Diamond mine in Canada. Snap Lake, De Beers Group’s first mine outside Africa, is located 220 kilometres northeast of Yellowknife, capital of the Northwest Territories. Canada’s first completely underground mine, it was placed on extended care and maintenance in December 2015.
How about Victor mine? Victor was a remote fly-in/fly-out open-pit mine that was in operation between 2008 and 2019. It was Ontario’s first and only diamond mine and the second in Canada for De Beers Group, after Snap Lake. The site is located in the James Bay Lowlands of northeastern Ontario, about 90 kilometres west of the coastal community of Attawapiskat First Nation. The mine officially opened on July 26, 2008 and production ceased at the end of May 2019. Victor officially entered closure in July 2019. Botswana owned that as well and all output was sent to Botswana.
@@boitumelochombo3142 If all the financial benefits of the canadian mines is going to Botswana then that, of course is not right either...
indeed God is GOOD
At least one person in the comments remembers the most important thing from the video.
Our💎 straight from Africa
wow❤nice
It will land on rapper's neck beautiful stuff 🔥 🔥
Wow that's a beautiful diamond
Absolutely the locals should get their fair share. Botswana should ask the Royal family to give back the diamond just like India should demands its jewels back from the Royals. All stolen jewels should be given back to their respective countries.
Charles and the gang have to rethink deep this time 😂😂😂😂😂
He is a true leader 💎
Wow. What A Beautiful little Surprise.
Big Eyes
I can see roads being built 👍
🎉Congrats Botswana !!
Some mine somewhere was sold at $ 25 m
I loved the reaction of the prime minister.
Well done don't let the US UK and UAE take it do good by your people as you have been doing so far keep it up 💖💖💖💖💖
A lot of memes coming for that spectacular what!!
Nice 👍
We on our way!!!!!
My country my pride ❤🎉
Found by a Canadian company, Finders Keepers
Great leader build those roads & hospital's
We have also second largest diamond in India.Yes,We have 😮
Freedom is coming to Botswana.
Cullinan diamond was initially exhibited and put up for auction sale across Europe but no buyer wanted to have a large uncut stone which was unheard of. later after two years of its discovery it was purchased by the local Transvaal goverment and gifted to king Edward VII as a token of loyalty from the dutch community of south africa.
So sad that 1st biggest diamond was stolen (not gifted of course ) by British! 😢😢😢
03:22 😂😂😂
The diamond should not be sold but preserved and tokenized as a real-world asset.
We're not going to benefit... As long as Batswana don't have a stake or say in the diamonds, artificial diamond production will be very low or non existent...
Congratulations to Botswana, I hope they Preserve it and don't cut it into smaller pieces like the british did to ours.
Like he said if he builds roads and schools and hospitals with that money He would be counted as one of the best Head of states in all the African countries.
Botswana is most devloped least corrupt country of Africa .
Instead of mining themselves they give it to some foreign company. Lost potential of Africa. They could have owned that diamond completely but now will get only 10% royalty 🤦.
•Taxes applicable to mining in Botswana are royalties, corporate tax (22%) and withholding tax on dividends (7.5%).
•Royalties paid on gross market value @
-10% for diamonds
-5% for precious metals (gold, platinum etc.)
-3% for all others minerals
•Mining companies taxed using variable income tax rate (for all minerals except diamonds) using formula:
Annual Tax Rate = 70-1500/x, where x = taxable income/gross income
-Minimum rate is the standard corporate rate of 22% of the profit
•Tax Regime for diamonds requires negotiations on issues covering technical, financial and commercial aspects of the project.
•Immediate 100% write-off of capital.
•Unlimited carry forward of losses.
This does not include proceeds from supplying the mine with Utilities(water,Electricity, sewage disposal, Telecommunication services) or taxes levied on companies that supply the mine with products and services the mine needs to operate. The mine has created thousands of Jobs in country throughout the value chain of their operations. The majority of these employees pay income tax to the government. Lucara also had to pay import tax to the tune of upto 30% of the value of the machinery and equipment they imported.
50% the President stood boldly, his government was ready to walk.
3:10 Boo 👻
3:23 Yay! 🎉
Most people here are generalizing Botswana and Africa. Botswana is one of the most developed countries in Africa, has a robust democratic system, rule of law and infrastructure
most of the diamond mining has actually gone on to benefit the people of Botswana.
Still owned by West countries
Which ever way you slice it, that is a very bad deal, who cares if you have Sky scraper on every corner. The disease o of giving away resources tedious is destroying Africa. Our children won't have anything left with the current leadership. I don't even believe you ever been to Beverly Hills the prices are already multiplied by more than 20,000 percent by the time they are done with the stupid, ignorant Africans.
@@yrheuw9515 I have to respect what each African country is doing with their, resources as long as folks stay over there Iam good.What Iam hearing and reading from Ghana and , and south Africans is we are interested only in jobs and opening new markets in countries we are giving our minerals to. Hey they are not my minerals why should I get worked over someone else problem.
As a country we need to train our people in mining so that we can own mine
I have one of those.
How do i check for authenticity?
Dear Vantage , you video steaming are not in order. 5 days old video keeps popping as new video. Need to work on streaming order
Continent all life started their❤❤❤❤❤❤❤🎉🎉🎉🎉🎉🎉🎉
Good luck Africa "Botswana"
Did you you know that the government of Botswana through their stake in Debeers own the Gahcho Kué mine in Canada. Gahcho Kué, the world’s largest new diamond mine, opened on September 20, 2016. It is a fly-in/fly-out remote mine site on the Canadian tundra just south of the Arctic Circle, about 280 kilometres northeast of Yellowknife, the capital of the Northwest Territories.
Did you know that all diamonds extracted from this mine are exported Botswana for processing and sale?
More fun facts. Did you know through the same arrangement Botswana owned the snap snake Diamond mine in Canada. Snap Lake, De Beers Group’s first mine outside Africa, is located 220 kilometres northeast of Yellowknife, capital of the Northwest Territories. Canada’s first completely underground mine, it was placed on extended care and maintenance in December 2015.
How about Victor mine? Victor was a remote fly-in/fly-out open-pit mine that was in operation between 2008 and 2019. It was Ontario’s first and only diamond mine and the second in Canada for De Beers Group, after Snap Lake. The site is located in the James Bay Lowlands of northeastern Ontario, about 90 kilometres west of the coastal community of Attawapiskat First Nation. The mine officially opened on July 26, 2008 and production ceased at the end of May 2019. Victor officially entered closure in July 2019. Botswana owned that as well and all output was sent to Botswana. Hi
I hope they don't sell it out to Western colonisers but then again I won't be suprised if they do..this is Africa we're talking about.
Hopefully it won't be sold to De Beers so they chop it up into smaller stones.
It's a marvel of Nature.
God (dog) has nothing to do with that diamond. The question is, are the people of Botswana benefiting from their resources?
Anu ba maitutulong ng mga batong mamahalin? darating panahon na mawawalan ng halaga mga iyan 😅importante sa akin sa buhay kong ito ay may higit na Diamond ako sa buhay ko ......ang Panginoon HESUS 🙏 the source of my everything 🙏🙏🙏
Botswana won't see 1% of the profits from this stone.. somehow
Why is the Botswana president acting like that???
Mr.Archer coming for the president 😅
How much it worth?
it only means that theres a larger vein of diamonds near where its found, likely bellow, and in the direction where the tectonic plate shifted, meaning they wouldn’t just find one large diamond anytime now, but more, and maybe some bigger ones
This would strengthen their economy
For a layman it's a lump of glass .
But the experts know its real value ❤
We need back our diamond Charles
They need democracy and freedom now
A humble effort at mine please go through it completely 🙏