New Diamond Deal with De Beers Raises Botswana's Share 

Botswana has signed a revised deal with mining giant De Beers, that will see the country's share in diamond production increase from 25% to 50% within the next decade. <br />Reuters says the Southern African nation is the world's biggest producer of diamonds and De Beers has been under pressure from falling prices and growing competition. <br />The two parties - jointly known as Debswana - have also agreed on a 25-year extension to DeBeers' mining licences. <br />They say it reflects the aspirations of the people of Botswana and propels both Botswana and De Beers forward.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>