Diamond

Government authorities and De Beers Group have signed heads of terms for the new ten-year sales agreement for Debswana’s rough diamond production through to 2033. The signing ceremony held on the independence day celebration also included the 25-year extension of the Debswana mining licences through to 2054. According to the …

Diamond producer Botswana Diamonds (BOD) states that mining at the dumps of the company’s Marsfontein project is ongoing. In an update on its Marsfontein and Thorny River projects, in South Africa, the company says exploration, including drilling and geophysics in the mine area, has identified a blow of between 5 …

The sale of rough diamonds at Botswana’s Debswana Diamond Co fell 17% in the first six months of the year, data released by the central bank showed, amid a weak market underpinned by global macroeconomic uncertainty. Debswana, a joint venture of Botswana and Anglo American Plc’s unit De Beers, sells …

A new deal Botswana signed this month with De Beers will give it access to more diamonds and help it secure 10 billion pula ($762 million) in development funding, President Mokgweetsi Masisi said in an interview. The 10-year arrangement between the gem giant, a unit of Anglo American Plc, and …

Botswana and De Beers Group have agreed to a new diamond sales deal in which the world’s No. 1 diamond producer by value, gradually increases the share of rough stones it gets from their joint venture Debswana over the next decade to 50%, the government and the mining company said …

Botswana, in southern Africa, has partnered with the London-based diamond giant De Beers for decades. Many in the country are pushing to get a better deal from the industry. Botswana produces more of the world’s diamonds than any country but Russia. But Botswana, a small landlocked nation in southern Africa, …

The Ikongwe Mine was commissioned in 2021 at a time when iron ore prices soared to record highs of $240 per tonne. India’s Yashomann Industries unit Vision Ridge Investments has closed the Ikongwe Mine in Botswana, due to a drop in export prices for iron ore. The mine has an …

Botswana may not renew a five-decade sales agreement with De Beers if the diamond producer doesn’t offer a larger share of rough diamonds to the state’s gem trading company, Okavango Diamond Company (ODC). The move comes after the southern Africa nation acquired last month a 24% stake in Belgian diamond …

Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June. Botswana and De Beers mine diamonds under an …

Botswana President Mokgweetsi Masisi has threatened to walk away from talks on the extension of De Beers’ mining rights in the country unless it got a larger share of revenues. However, De Beers is confident of maintaining its long-standing partnership with Botswana, a company official said recently, but said some …