De Beers commits billion pula upfront to diamonds-for-development in Botswana

The De Beers Group, which concluded in principle diamond sales and mining agreements with the government of Botswana at the weekend, has committed a billion pula (R1.4-billion) upfront to fund the development of diversification within Botswana. “I've just returned from Botswana and I'm really delighted that we've reached agreement in principle with the government of Botswana,” De Beers Group CFO Sarah Kuijlaars told Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.)