Diamonds - The World News: Is Botswana Getting A Raw Deal From De Beers

+--------------------------------------------------------+ | DEBSWANA REVENUE DISTRIBUTION | +--------------------------------------------------------+ | [=======================================> ] 80% | | Government Take (Taxes, Royalties, Dividends) | | | | [=======> ] 20% | | De Beers Group Reinvestment & Profit | +--------------------------------------------------------+

Botswana and De Beers recently renegotiated their agreement. Key wins for Botswana include: Read the full details of the agreement on Reuters

Botswana has finalized a 10-year sales agreement and 25-year mining license extension with De Beers, boosting its production share to 30%—set to rise to 50%—and securing over $750 million in development funding . The landmark deal strengthens local beneficiation and positions Botswana to potentially take a controlling stake in De Beers as owner Anglo American divests . Read the full details of the agreement on Reuters . Is Botswana Getting a Raw Deal From De Beers Diamonds? Why Concerns Persist: The "Raw Deal" Argument Under

As of early 2026, President Duma Boko has prioritized this transformation, aiming to boost local jobs, attract investment, and enhance the nation's economic independence, according to a Sunday Standard BW Facebook post and The Patriot on Sunday . Why Concerns Persist: The "Raw Deal" Argument Okavango Diamond Company (ODC)

Under the previous deal, Okavango Diamond Company (ODC), the state-owned diamond trader, received 25% of Debswana's production. Under the new agreement, ODC's share immediately rose to 30%, with a trajectory to scale up to 50% over the next decade.