Monday, October 7, 2024

Botswana / De Beers’ big fight – it’s all about the Benjamins

If you want to understand the distress surrounding negotiations between De Beers and Botswana government, just follow the money.

Research has revealed that De Beers makes upwards of 300% more from Botswana diamonds than Botswana government. The Botswana government is hoping to use the ongoing negotiations to claw back the billions of Pula it is currently losing.

On the eve of the negotiations in 2018, The Intergovernmental Forum on Mining (IGF) published a seven page report titled Botswana: Downstream Linkages – Leveraging the negotiating position.

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