First Independent Mena Newspaper
Botswana is racing to finalize a deal for majority control of diamond giant De Beers by the end of October, as President Duma Boko declares the move “a matter of economic sovereignty for Botswana.” The southern African nation, already holding 15% of De Beers, is negotiating with Anglo American, which is divesting its 85% stake […]
Botswana and South African mining giant De Beers have finalized a landmark 10-year agreement, enhancing the country’s stake in diamond sales and providing a boost to its critical diamond sector. After six years of negotiations, the deal will see Botswana’s share of rough diamond sales rise from 25% to 30% in the first five years, […]
Botswana will soon join Antwerp in Belgium to become the second certification center globally to verify the origin of rough diamond for exports to Group of Seven (G7) leading industrialized countries, the nation’s presidency said Thursday (28 November). Following a ban on Russian diamonds issued by the G7 in January this year, Antwerp was selected […]
Botswana and mining company De Beers have announced, after years of negotiations, a new diamond sales deal that gives the South African country a bigger share of rough stones from their joint venture. Debswana, a joint venture between De Beers (a subsidiary of Anglo American, a UK-listed multinational mining company) and Botswana’s government, sells 75% […]
The Botswana government announced Monday that it will buy a 24% stake in the Belgian gem trader HB Antwerp, a move that is seen as a possible challenge to De Beers’s dominance of the southern African nation’s diamond industry. “Today is the dawn of a new era of a diamond industry in Botswana as we […]