Stakes raised ahead of De Beers' negotiations

Botswana is pushing for greater benefits from the industry
Botswana is pushing for greater benefits from the industry

Government negotiators are pushing for greater access and influence over De Beers' most highly prized trade secret, the DTC price book, as talks with the diamond giant gather momentum.

BusinessWeek has established that a mineral resources committee advising government negotiators on the talks, has pinpointed having a greater say in the determination of prices within the rough diamond sector, as a priority for the next deal with De Beers.

The country’s current sales agreement with De Beers expires in September 2020, and with the four operating mines approaching their sunset years, government negotiators are reportedly eager to force as many concessions out of the diamond giant as possible.

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