Botswana has reached a new agreement with De Beers for extracting and selling diamonds, reaffirming its long-standing partnership, enhancing its diamond-dependent economy, and extending mining licenses. This development underscores a commitment to sustainable practices and societal benefit from diamond resource management.
Botswana has successfully finalized an agreement with De Beers, the leading diamond company, concerning the extraction and selling of rough diamonds. This development boosts confidence in Botswana’s diamond-centric economy. The agreement focuses on Debswana’s rough diamond production and extends its mining licenses beyond 2029, ensuring the continuity of operations for this critical industry segment.
Debswana operates major diamond mines in Botswana through a 50/50 joint venture between the government and De Beers. Key mines include Jwaneng, Orapa, and Damtshaa. The new sales agreement is contingent upon the issuance of updated mining licenses from the regulatory authorities and obtaining final governance approvals.
The partnership between Botswana and De Beers spans over 50 years, with ongoing efforts focused on responsible mining practices. Both entities emphasize the importance of a sustainable diamond sector that can contribute positively to the local economy and the welfare of Botswana’s citizens. The diamond industry plays a crucial role in Botswana’s economic stability and growth, making these agreements vital for its future.
In conclusion, the newly signed agreement between Botswana and De Beers marks a significant step in solidifying the nation’s diamond sector. This partnership not only aims to ensure the sustainable management of diamond resources but also reaffirms their long-term commitment to benefiting Botswana’s economy and society. Continued support for responsible mining practices will be essential for maximizing the societal advantages derived from diamonds.
Original Source: english.news.cn
