'We want a bigger share': Botswana, De Beers row over diamond profits

Under the 2011 agreement, the mining company De Beers received 90% of the rough diamonds produced while Botswana, Africa's largest diamond producer, received 10%
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[@redpillras3456]

How the hell you get 10% of your own diamonds
Africa needs to stop taking constant Ls

[@mri127]

Not 10% , it’s a 50-50 deal agreement with botswana also holding a 25% stake in de beers

[@ashconoskoo]

Botswana wasn't complaining when the company does the work. They should mine their own diamonds.

[@missin3322]

Why negotiate what is your own?

[@conceretejungle1150]

The Mugabe spirit is spreading thanx for waking up Botswana

[@victorjames3730]

Africa why why

[@deontecoleman4582]

You don't need them diamonds from Africa pay more money for them.

[@slimpickens01]

@@wessonsmith24-7_ for 10%? Thats not enough money to pay my effing rent!

[@user-iz4by5yf9x]

Really? A Diamond Company like that will strip a Country bare and not think twice about it.

[@thapelotatedi-qk9ko]

It's funny how the two entities are one😂

[@chardelraconner7324]

there should be news of closure

[@chardelraconner7324]

anthropologic ram moved a boulder at some point to ventilation of masses

[@chardelraconner7324]

it'll be released upon dutch leaf ; great

[@chardelraconner7324]

my job to announce or my job to flaunt

[@Sagalands]

*context
Its election campaign time!!!
So the Debswana deal, The 2011 agreement, De Beers sold 90% of diamonds, while Botswana auctioned 10% through its Okavango Diamond Company. In 2020, Botswana’s share was raised to 25%. After 2 years of negotiations.
The deal, due to run out was extended due to that thing…that shut the world down.
Now they continue to renegotiate through to June 2023.
I doubt both parties want to part ways.
Only a few months ago,
“We are just fine tuning, but we will strike a deal,” Masisi said in an interview in Marrakech, Morocco.

[@technewseveryweek8332]

Elections are next year and a new deal has been struck

[@anitastevens6275]

Get them out of there

[@bigblood9748]

85 /15 botswana way

[@mathogonoloothusitse5549]

We need to join BRICS

[@michaelc821]

Get them out. Time the colonialists are shown the door.