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
-
Ghanaian delegation set for January 20, 2026 trip to Latvia in Nana Agyei case – Ablakwa
4 minutes -
Accra turns white as Dîner en Blanc delivers night of elegance and culture
2 hours -
War-torn Myanmar voting in widely criticised ‘sham’ election
4 hours -
Justice by guesswork is dangerous – Constitution Review Chair calls for data-driven court reforms
4 hours -
Justice delayed is justice denied, the system is failing litigants – Constitution Review Chair
5 hours -
Reform without data is a gamble – Constitution Review Chair warns against rushing Supreme Court changes
5 hours -
Rich and voiceless: How Putin has kept Russia’s billionaires on side in the war against Ukraine
5 hours -
Cruise ship hits reef on first trip since leaving passenger on island
6 hours -
UK restricts DR Congo visas over migrant return policy
6 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
6 hours -
Two dead in 50-vehicle pile up on Japan highway
6 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
6 hours -
New York blanketed in snow, sparking travel chaos
6 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
10 hours -
We would have lost that game last season – Guardiola
10 hours