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Gov't, De Beers finally conclude talks

Tuesday, February 04, 2025 | 770 Views |

DONE DEAL: Kenewendo and Cook after their media briefing in Cape Town on Monday PIC: AL COOK LINKEDIN

Government and De Beers have finalised their long-drawn-out talks for a new sales agreement and are due to formally sign the new deal later this month, the two sides confirmed yesterday.

Addressing journalists in Cape Town at the Mining Indaba, Minerals and Energy minister, Bogolo Kenewendo, said the negotiations formally ended on Friday, about six years after they first began.

“We have concluded the talks towards a new sales agreement,” she said yesterday. “We have had long and ongoing negotiations over the last five years and as of last Friday, we have come to an end of these talks. “We hope this agreement will bring some level of stability and rebuild market confidence in the diamond industry.”

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