Botswana’s new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible.
De Beers, a unit of mining company Anglo American, last year agreed a new diamond sales pact, which would see the government’s share of diamonds from the Debswana joint venture gradually increase to 50% over the next decade.
Debswana Diamond Company, equally owned by Botswana and De Beers, currently sells 75% of its output to De Beers. Although the Botswana government and the country’s outgoing president, Mokgweetsi Masisi, touted the merits of the deal, it has yet to be signed.
For the rest of this article: https://www.reuters.com/world/africa/botswanas-new-president-aims-finalise-de-beers-diamond-sales-pact-soon-2024-11-01/