{"id":10980,"date":"2022-07-27T14:53:06","date_gmt":"2022-07-27T14:53:06","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers"},"modified":"2022-07-27T16:05:23","modified_gmt":"2022-07-27T16:05:23","slug":"botswana-president-sees-progress-on-diamond-pact-with-de-beers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers","title":{"rendered":"Botswana President Sees Progress on Diamond Pact With De Beers"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana and De Beers Plc are working out the \u201cfiner\u201d details of a new diamond-sales pact and the southern African nation\u2019s government is confident a deal will be struck, President Mokgweetsi Masisi said.<\/b><\/p>\n

An initial 10-year agreement governing terms for the sale of diamonds produced by Debswana Diamond Co. — a joint venture between the two — and auctioned through the De Beers system lapsed in December 2020 and was extended to June 2022 due to the disruption from the pandemic. The two agreed last month to extend negotiations on new terms to June 2023.<\/p>\n

\u201cWe are just fine tuning, but we will strike a deal,\u201d Masisi said in an interview in Marrakech, Morocco. \u201cIt is imperative that a deal gets struck because it is in the interests of both parties.\u201d<\/p>\n

Botswana\u2019s mines contribute about two-thirds of De Beers\u2019 annual rough-diamond production. Botswana now wants to leverage its control of the diamond reserves to wring more concessions from one of the world\u2019s top diamond suppliers.<\/p>\n

That doesn\u2019t mean the government wants to break ties with De Beers, Masisi said. The government is seeking adjustments in the terms of the joint venture, and more value added to the stones in Botswana through local processing to help boost job-creation and economic growth, he said.<\/p>\n

\u201cIt\u2019s really value addition, so the resources you have been mining, we want to use our knowledge base to yield greater returns,\u201d Masisi said. \u201cThat\u2019s the conversation De Beers and ourselves are talking about.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Botswana and De Beers Plc are working out the \u201cfiner\u201d details of a new diamond-sales pact and the southern African nation\u2019s government is confident a deal will be struck, President Mokgweetsi Masisi said. An initial 10-year agreement governing terms for the sale of diamonds produced by Debswana Diamond Co. — a joint […]<\/p>\n","protected":false},"author":84,"featured_media":10979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,12,16],"tags":[233,237,234],"class_list":["post-10980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBotswana President Sees Progress on Diamond Pact With De Beers - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana and De Beers Plc are working out the \u201cfiner\u201d details of a new diamond-sales pact and the southern African na ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana President Sees Progress on Diamond Pact With De Beers\" \/>\n<meta property=\"og:description\" content=\"Botswana and De Beers Plc are working out the \u201cfiner\u201d details of a new diamond-sales pact and the southern African na ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-27T14:53:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-27T16:05:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_9-62e1622019aca.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"511\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana President Sees Progress on Diamond Pact With De Beers\",\"datePublished\":\"2022-07-27T14:53:06+00:00\",\"dateModified\":\"2022-07-27T16:05:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_9-62e1622019aca.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-president-sees-progress-on-diamond-pact-with-de-beers\",\"name\":\"Botswana President Sees Progress on Diamond Pact With De Beers - 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