CNN profiled the Jwaneng Diamond Mine last month:
Nicknamed “the Prince of Mines”, Jwaneng was opened in 1982, as the diamond trade propelled Botswana from one of the poorest countries on earth to one of Africa's wealthiest. The mine's current production output is about 10.6 million carats per year, or just over 2,100 kilos. Today, diamonds make up more than 60% of Botswana's exports, and nearly 25% of its gross domestic product.
Unlike many other countries that are similarly dependent on a single export, Botswana has avoided the “resource curse” of poor governance and slow economic development. By regional standards, its public services are strong, education is free, and corruption is largely in check.
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