Some of the world's biggest diamonds have been unearthed there in recent years
Audio By Carbonatix
Botswana has signed a revised deal with mining giant De Beers, that will see the country's share in diamond production increase from 25% to 50% within the next decade.
The Southern African nation is the world's biggest producer of diamonds and De Beers has been under pressure from falling prices and growing competition, says the Reuters news agency.
The two parties - jointly known as Debswana - have also agreed a 25-year extension to DeBeers' mining licences.
In a joint statement announcing the deal on Friday, they said it "reflects the aspirations of the people of Botswana" and "propels both Botswana and De Beers forward".
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Kusasi Chiefs commend police for arresting suspects in late Naba Azimbe’s murder; call for swift justice
5 minutes -
Today’s Front pages: Friday, March 27, 2026
12 minutes -
Referee and VAR errors increase in Premier League
23 minutes -
FIFA investigates Congolese FA boss jailed alongside wife and son
33 minutes -
PSG’s league game between Liverpool legs postponed
43 minutes -
Rodri open to Real Madrid move despite Atletico past
53 minutes -
Czech Republic ends Irish World Cup dream with shootout win
1 hour -
World Cup: McNair despair as Northern Ireland miss opportunity in Italy
1 hour -
Salah one of the all-time greats – Klopp
2 hours -
Mahama defends digital recruitment in security services, rejects claims of favouritism
2 hours -
Electric Vehicle: Gov’t urges private sector investments into solar-powered charging stations
2 hours -
SSNIT is strong and doing well – D-G reassuresÂ
2 hours -
Police Special Operations Team withdrawn from Kumasi hours after anti-crime deployment
2 hours -
Mahama affirms respect for Lincoln University despite withdrawal of honorary degree
2 hours -
Mahama calls for unity over UN Reparations Resolution
2 hours