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Did a Tax Dispute Hold Up the De Beers-Botswana Deal?

Summary by rapaport.com
De Beers and the Botswana government have concluded their negotiations over a new sales agreement for rough diamonds after more than five years of discussions. They haven’t signed yet: Bogolo Kenewendo, the African country’s minister of minerals and energy, said she hoped this would happen later this month — a pronouncement De Beers CEO Al Cook met with a nod at a press briefing on February 3. All that remains is the “largely formulaic” process …
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Your BotswanaYour Botswana

Did a tax dispute hold up the De Beers-Botswana deal?  – YourBotswana

19 February 2025 The diamond industry’s most important sales agreement is almost done. De Beers and the Botswana government have…

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rapaport.comrapaport.com

Did a Tax Dispute Hold Up the De Beers-Botswana Deal?

De Beers and the Botswana government have concluded their negotiations over a new sales agreement for rough diamonds after more than five years of discussions. They haven’t signed yet: Bogolo Kenewendo, the African country’s minister of minerals and energy, said she hoped this would happen later this month — a pronouncement De Beers CEO Al Cook met with a nod at a press briefing on February 3. All that remains is the “largely formulaic” process …

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rapaport.com broke the news in on Tuesday, February 18, 2025.
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