Under terms of new agreement, Botswana’s government will be allowed to sell 30% of rough diamonds mined through joint mining venture with De Beers

VOA News

United States

Botswana, De Beers reach diamond sales agreement after years of negotiations

A slump in demand has left De Beers floundering — and threatens to frustrate its owner’s plans to sell what was once the titan of the industry.

Ad Fontes Media

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Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

The $80 Billion Diamond Market Crash Leaves De Beers Reeling

U.S. Agency for Global Media

Gaborone, Botswana -- The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond industry is sure to welcome the deal, as Botswana, after Russia, is the world's second-largest producer of diamonds.

allAfrica

Amadou Mahtar Ba

South Africa

Botswana, De Beers Reach Diamond Sales Agreement After Years of Negotiations

Miner Anglo American's diamond unit De Beers said on Monday it had finalised negotiations with the Botswana government for a new rough diamond sales agreement and extended mining licences for its joint venture beyond 2029.

Times Live

Johannesburg

City of Johannesburg Metropolitan Municipality

Gauteng

De Beers agrees on fresh sales agreement with Botswana

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in [...] Source from InfoStride News

The InfoStride

Government Of The Republic Of Botswana And De Beers Conclude Negotiations On Rough Diamond Sales Agreement

HONG KONG SAR – Media OutReach Newswire – 4 February 2025 – The Government of the Republic of Botswana (“GRB”) and De Beers Group (“De Beers”) are pleased to announce the successful conclusion of negotiations focused on establishing a new sales agreement for Debswana’s rough diamond production, as well as extending Debswana’s mining licences beyond 2029. This development is in alignment with the Heads of Terms agreed on September 30, 2023. Debsw…

Brand Spur

Government Of The Republic Of Botswana And De Beers Conclude Negotiations On Rough Diamond Sales Agreement - Brand Spur

Following the issuance of new mining licences by the appropriate regulatory authorities in Botswana and final governance approvals, both parties look forward

European Business Magazine

Government Of The Republic Of Botswana And De Beers Conclude Negotiations On Rough Diamond Sales Agreement - European Business & Finance Magazine

The government of Botswana and South African diamond firm De Beers say they have reached a new, 10-year sales agreement following talks that had dragged on since 2019. Analysts say the diamond industry is sure to welcome the deal, as Botswana, after Russia, is the world’s second-largest producer of diamonds. From Gaborone, Mqondisi Dube reports.

Botswana, De Beers reach diamond sales deal

https://www.mining.com/ De Beers, the world’s leading diamond producer by value, has concluded negotiations with the Botswana government on a new sales agreement and the extension of mining licenses for their joint venture, Debswana, until 2054. The finalized agreement, the Anglo American (LON: AAL) unit said on Monday, follows discussions aimed at setting a new framework ...

Republic of Mining

De Beers seals sales and mining contract with Botswana – by Cecilia Jamasmie (Mining.com – February 3, 2025)

Botswana announced on Monday that it has reached an agreement with De Beers, the world leading diamond company, to extract and sell diamonds, bringing.....

Botswana, De Beers reach diamond sales agreement after years of negotiations

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