'We want a bigger share': Botswana, De Beers row over diamond profits
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- čas přidán 27. 08. 2024
- 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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How the hell you get 10% of your own diamonds
Africa needs to stop taking constant Ls
Not 10% , it’s a 50-50 deal agreement with botswana also holding a 25% stake in de beers
Botswana wasn't complaining when the company does the work. They should mine their own diamonds.
Why negotiate what is your own?
The Mugabe spirit is spreading thanx for waking up Botswana
Africa why why
You don't need them diamonds from Africa pay more money for them.
@@wessonsmith24-7_ for 10%? Thats not enough money to pay my effing rent!
Really? A Diamond Company like that will strip a Country bare and not think twice about it.
It's funny how the two entities are one😂
there should be news of closure
anthropologic ram moved a boulder at some point to ventilation of masses
it'll be released upon dutch leaf ; great
my job to announce or my job to flaunt
*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.
Elections are next year and a new deal has been struck
Get them out of there
85 /15 botswana way
We need to join BRICS
Get them out. Time the colonialists are shown the door.