Botswana’s revised diamond deal could offer model for resource sharing

In depth
Issue 488 - 25 Jul 2023 - By Tonderayi Mukeredzi | 6 minute read

Botswana has agreed a revised deal with diamond miner De Beers, giving the state a larger role in trading the gemstones and providing a model that others could follow as they seek greater control over their mineral resources.

But with longer-term revenues under pressure from changing consumer habits and synthetic diamonds, the authorities are pushing to develop a more diverse minerals industry, writes Tonderayi Mukeredzi in Gaborone.

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