The development is part of the agreements in principle reached between De Beers and government last week as part of the new sales and mining deal.
The two parties sealed the agreement in principle late on Friday night, following tense negotiations dating back to 2019, which were due to elapse on midnight, June 30. The new arrangements, which will be finalised by lawyers and require shareholder approval, cover a suite of proposals, several of which revolve around greater diamond value chain development in Botswana and citizen empowerment.
