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Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling.
Botswana and De Beers mine the precious stones through their equally owned, 54-year-old mining venture, Debswana Diamond Co. The current diamond sales deal, in place since 2011, has been extended three times since 2020 but is set to expire next month.
GABORONE (Reuters) - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, upping the stakes as talks for a new sales deal appear to be stalling. | 11:42am
Botswana President Insists on Bigger Share of Diamonds From De Beers Venture usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
GABORONE (Reuters) - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgw...
GABORONE (Reuters) - Botswana will not back down on demands for a bigger share of rough diamonds from its joint venture with De Beers, President Mokgw...
Rough diamond sales by Debswana Diamond Co dropped slightly in the first three months of the year, data released by the Bank of Botswana showed on Friday, as the market was more cautious about the current uncertain global macroeconomic outlook.
Debswana, a joint venture between Anglo American Plc unit De Beers and Botswana's government, sells 75% of its output to De Beers with the balance taken up by state-owned Okavango Diamond Co. | 11:20am