The Government of the Republic of Botswana (GRB) and De Beers Group have successfully concluded negotiations for a new sales agreement governing Debswana’s rough diamond production.
This agreement also includes an extension of Debswana’s mining licenses beyond 2029, marking a significant milestone in their longstanding partnership.
The development follows the Heads of Terms agreed upon on September 30, 2023. Debswana, a 50:50 joint venture between GRB and De Beers, operates some of Botswana’s most prominent diamond mines, including Jwaneng, Orapa, Letlhakane, and Damtshaa.
With the issuance of new mining licenses pending approval by Botswana’s regulatory authorities, both parties anticipate the formal signing and execution of the agreements. Until then, the terms of the existing agreements will remain in effect.
GRB and De Beers reaffirm their commitment to a partnership that has endured for over five decades, focusing on the responsible extraction, marketing, and sale of diamonds.
This collaboration ensures the continued sustainability of the global diamond industry while bolstering Botswana’s economic and social development.
Both parties remain dedicated to fostering a resilient and sustainable diamond sector that contributes to Botswana’s economic growth and enhances the well-being of its citizens.
