De Beers’ 100-days gift to Boko :: Mmegi Online

In brief remarks this week, De Beers CEO, Al Cook, credited President Duma Boko’s government with sealing the long-running talks for a new diamond deal. Amidst demands for more details, the diamond industry’s most valuable covenant is being renewed, writes MBONGENI MGUNI

De Beers and the Government of Botswana this week announced the finalisation of long-drawn out talks for a new diamond agreement. Dating back to 2019, the talks were, at various points, fraught with tensions to the point where, reportedly, both parties threatened to walk away from the five-decade long relationship.

This week in Cape Town at the Mining Indaba, a beaming Al Cook, CEO of De Beers, credited President Duma Boko and his administration, particularly Minerals and Energy minister, Bogolo Kenewendo, with getting the deal across the line, after years of talks.

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