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
-
GMet warns of severe rainstorm across northern Ghana
33 minutes -
Building Ghana better: Why architects must be at the heart of national development
51 minutes -
Semenyo eyes bigger targets after breaking Yeboah’s Ghanaian Premier League record
52 minutes -
Health Ministry reviews NDC manifesto commitments
2 hours -
Mfantsipim School @ 150 and Creech’s Mfantsipim Diaries: My First Shock
2 hours -
Labour backs proposed IPEC but demands full involvement in pay reforms
3 hours -
Ashaiman, parts of Accra to face a 15-hour power outage today
4 hours -
Mohammed Baantima Samba retains NPP Northern Regional chairmanship
5 hours -
Qatar denies capturing three Iranian pilots after downing fighter jets
5 hours -
Jeff Konadu Addo retains NPP Eastern Regional chairmanship
6 hours -
Peru cracks down on illegal gold mining in Amazon reserve with military show of force
6 hours -
NPP polls: Makafui Woanya re-elected as Volta Regional Chairman
6 hours -
NPP polls: List of newly elected NPP regional chairmen
7 hours -
Eleven killed in Israeli strikes on southern Lebanon, authorities say
7 hours -
MTN launches Bright Scholars Alumni Network to harness opportunity
7 hours