Anglo American: De Beers agreement with Botswana

(CercleFinance.com) - Anglo American announces that De Beers and the Government of the Republic of Botswana have signed new 10-year agreements (which could be extended for a further 5 years) and a 25-year extension to the mining licenses (from 2029 to 2054) for Debswana.


Debswana operates the Jwaneng and Orapa diamond mines in Botswana and is a 50/50 joint venture between De Beers and the Botswana government.

Duncan Wanblad, Chief Executive Officer of Anglo American said: 'We are delighted that this extraordinary diamond partnership is secured for decades to come, affirming De Beers' leadership position and providing reassurance throughout the diamond value chain'.

These agreements offer long-term stability to both partners, who are working together to support the recovery of the rough diamond market after a period of difficult trading conditions.

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