Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News • Real & Secure

In recent years, the Botswana government has taken steps to renegotiate its partnership with De Beers and secure a better deal for the country. In 2020, the government announced plans to increase its stake in the Debswana joint venture, which operates several diamond mines in the country.

Another concern is that De Beers has a history of underreporting diamond production and revenue, which can lead to lower royalty payments to the government. In 2019, it was reported that De Beers had underreported diamond production at its Jwaneng mine by around 10%, resulting in lower royalty payments to the government. In recent years, the Botswana government has taken

Some of the things that can be done for Botswana to get a fair deal from De Beers include In 2019, it was reported that De Beers

Ultimately, the future of Botswana’s diamond industry depends on finding a balance between economic development and social and environmental responsibility. As the country continues to navigate its partnership with De Beers, it is essential that the government prioritizes the interests of its citizens and ensures that the country’s natural resources are used to benefit all Batswana. So, is Botswana getting a raw deal from De Beers

So, is Botswana getting a raw deal from De Beers? The answer is complex, but many experts and critics argue that the country is indeed being shortchanged.