{"id":29884,"date":"2023-07-02T19:49:05","date_gmt":"2023-07-02T19:49:05","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-signs-new-diamond-sales-deal-with-de-beers"},"modified":"2023-07-02T20:05:33","modified_gmt":"2023-07-02T20:05:33","slug":"botswana-signs-new-diamond-sales-deal-with-de-beers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-signs-new-diamond-sales-deal-with-de-beers","title":{"rendered":"Botswana signs new diamond sales deal with De Beers"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Botswana and mining company De Beers have announced a new diamond sales deal.<\/b><\/p>\n

The new deal, concluded on Friday, gives Botswana<\/b> a bigger share of rough stones from their joint venture.<\/p>\n

Debswana<\/b>, a joint venture between Anglo American unit De Beers<\/b> and Botswana’s<\/b> government, sells 75%<\/b> of its output to De Beers<\/b>, with the balance taken up by state-owned Okavango Diamond Co<\/b>.<\/p>\n

The new agreement covers a 10<\/b>-year sales deal for Debswana<\/b> rough diamond production through to 2033<\/b> and 25<\/b>-year Debswana<\/b> mining licences.<\/p>\n

In the run-up to Friday’s deal, Botswana<\/b> President Mokgweetsi Masisi<\/b>, who is expected to seek re-election next year, had pushed De Beers<\/b> for a bigger share of Debswana’s<\/b> output.<\/p>\n

In March, Botswana<\/b> announced it would take a 24%<\/b> stake in Belgian gem processing firm HB Antwerp<\/b> in a move seen as designed to loosen De Beers<\/b>‘ grip on the country’s gems.<\/p>\n

Botswana supplies 70%<\/b> of De Beers’<\/b> rough diamonds.<\/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 mining company De Beers have announced a new diamond sales deal. The new deal, concluded on Friday, gives Botswana a bigger share of rough stones from their joint venture. Debswana, a joint venture between Anglo American unit De Beers and Botswana’s government, sells 75% of its output to De Beers, […]<\/p>\n","protected":false},"author":84,"featured_media":29883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,244],"tags":[233,237,234,1075,825,288],"class_list":["post-29884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana","tag-diamonds","tag-mining","tag-mokgweetsi-eric-keabetswe-masisi"],"yoast_head":"\nBotswana signs new diamond sales deal with De Beers - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana and mining company De Beers have announced a new diamond sales deal. 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