{"id":937,"date":"2024-07-24T06:29:32","date_gmt":"2024-07-24T06:29:32","guid":{"rendered":"https:\/\/www.greatmining.com\/mining-news\/?p=937"},"modified":"2024-07-24T06:29:32","modified_gmt":"2024-07-24T06:29:32","slug":"botswana-and-de-beers-sign-new-diamond-sales-agreement","status":"publish","type":"post","link":"https:\/\/www.greatmining.com\/mining-news\/botswana-and-de-beers-sign-new-diamond-sales-agreement\/","title":{"rendered":"Botswana and De Beers Sign New Diamond Sales Agreement"},"content":{"rendered":"\n<p>Botswana and the mining company De Beers have announced a new diamond sales deal. This agreement, finalized on Friday, grants Botswana a larger share of rough diamonds from their joint venture.<\/p>\n\n\n\n<p>Debswana, a joint venture between De Beers, a unit of Anglo American, and the Botswana government, sells 75% of its output to De Beers, while the remaining portion is allocated to the state-owned Okavango Diamond Co.<\/p>\n\n\n\n<p>The new deal includes a 10-year sales agreement for Debswana&#8217;s rough diamond production, extending until 2033, and 25-year mining licenses for Debswana.<\/p>\n\n\n\n<p>Leading up to the deal, Botswana President Mokgweetsi Masisi, who is likely to seek re-election next year, advocated for a greater share of Debswana&#8217;s output for Botswana. In March, Botswana announced it would acquire a 24% stake in the Belgian gem processing firm HB Antwerp, a move perceived as an effort to reduce De Beers&#8217; dominance over the country&#8217;s gem industry.<\/p>\n\n\n\n<p>Botswana is a major supplier of rough diamonds, providing 70% of De Beers&#8217; rough diamonds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Botswana and the mining company De Beers have announced a new diamond sales deal. This agreement, finalized on Friday, grants Botswana a larger share of rough diamonds from their joint venture. Debswana, a joint venture between De Beers, a unit of Anglo American, and the Botswana government, sells 75% of its output to De Beers,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":939,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[71],"class_list":["post-937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diamond","tag-diamond-mining"],"_links":{"self":[{"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/posts\/937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/comments?post=937"}],"version-history":[{"count":1,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/posts\/937\/revisions"}],"predecessor-version":[{"id":940,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/posts\/937\/revisions\/940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/media\/939"}],"wp:attachment":[{"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/media?parent=937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/categories?post=937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greatmining.com\/mining-news\/wp-json\/wp\/v2\/tags?post=937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}