Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News -

Botswana is aggressively pursuing a controlling stake in De Beers, aiming to shift from a historical partnership model to total ownership as part of a strategy to maximize control over its diamond resources and address economic pressures. While recent sales agreements increased the state-owned, Okavango Diamond Company's share, the government is currently seeking financing from Oman to bid for a majority stake amid a significant global diamond market downturn. Read the full details on the, Mining.com

For decades, the partnership between Botswana and De Beers has been hailed as the "gold standard" of natural resource collaboration. Since the discovery of diamonds shortly after independence in 1966, Botswana has transformed from one of the poorest countries in the world into an upper-middle-income nation. Much of that success is credited to the 50/50 joint venture with the diamond giant. Botswana is aggressively pursuing a controlling stake in

For the first time in history, the government of President Mokgweetsi Masisi is publicly saying "yes"—and demanding a divorce settlement that could shatter the cartel forever. Since the discovery of diamonds shortly after independence

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