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 that 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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