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Mon Mar 3

Government of the Republic of Botswana And De Beers Group Confirm Diamond Partnership For The Next Generation

Written by Viw Magazine

Transformational agreements boost Botswana’s economic development potential and secure De Beers’ long-term share in world’s greatest diamond resources

HONG KONG SAR - Media OutReach Newswire - 27 February 2025 - The Government of the Republic of Botswana (the "Government of Botswana") and De Beers Group ("De Beers") announced that, following the conclusion of negotiations announced on 3 February 2025, the two partners have now signed the formal new agreements for a 10-year Sales Agreement (which may be extended by a further 5 years) and a 25-year extension of the Mining Licences (from 2029 through to 2054) for the 50:50 Debswana mining joint venture.

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