Botswana President Launches Another Attack Against De Beers

Gaborone — Botswana President Mokgweetsi Masisi has again criticized a 54-year-old partnership with world-leading diamond producer De Beers, saying his country will not back down on demands for an improved deal.

Under the current arrangement, due to expire next month, Botswana gets 25% of rough diamonds mined under its partnership with De Beers, and the company gets the rest. Negotiations on a renewal of the pact, in which Botswana is seeking a higher stake of the profits, are underway.



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