Under the new joint mining agreement, Botswana will immediately get a 30 percent share of the rough stones extracted, up from 25 percent, and it will rise to 50 percent within a decade, De Beers and government officials said.
Tag: De Beers Group
Botswana Supplies the World With Diamonds. It Wants More of the Profits.
Botswana, in southern Africa, has partnered with the London-based diamond giant De Beers for decades. Many in the country are pushing to get a better deal from the industry.
How A South African Town Became Buried in Sludge After A Diamond Mine Collapse
Waste from a diamond mine in South Africa grew ever higher as the ownership changed from De Beers to a billionaire to a Dubai-based retailer. The mining town paid the price.
The World Got Diamonds. A Mining Town Got Buried in Sludge.
Waste from a diamond mine in South Africa grew ever higher as the ownership changed from De Beers to a billionaire to a Dubai-based retailer. The mining town paid the price.