De Beers, Botswana agree in principle on sales, mining licences

Diamond mining and marketing company De Beers and the Botswana government have reached an in principle agreement on a 25-year extension of the Debswana mining licences, through to 2054, and a new ten-year sales agreement for Debswana’s rough diamond production, through to 2033. Debswana, a 50:50 joint venture between De Beers and the Botswana government, operates four diamond mines in Botswana, and joint work to progress and implement the formal new sales agreement and mining licences will now take place.