De Beers and Botswana Establish Groundbreaking Diamond Partnership for Generations to Come

Johannesburg – De Beers and the Government of Botswana have established a diamond partnership through a 10-year Sales Agreement and a 25-year extension of the Mining Licences for Debswana.

In a statement released to The Bulrushes on Tuesday, (25 February 2025), Anglo American disclosed that De Beers Group and the Government of Botswana “have formalized new agreements for a 10-year Sales Agreement (which may be extended by an additional five years) and a 25-year extension of the Mining Licences (from 2029 to 2054) for Debswana.”

Debswana operates the Jwaneng and Orapa diamond mines in Botswana and is a joint venture equally owned by De Beers and the Government of Botswana.

In remarks regarding the partnership, Duncan Wanblad, Chief Executive of Anglo American, congratulated both De Beers and the Government of Botswana, stating: “We are thrilled that this remarkable diamond partnership is secured for the long term, reinforcing De Beers’ leadership position and providing assurance across the entire diamond value chain.”

Wanblad further noted: “These agreements offer long-term stability for both partners as they collaborate to support the recovery of the rough diamond market from a challenging trading period.

“The certainty provided also represents a crucial step towards De Beers’ next chapter as an independent entity and as the world’s most iconic diamond business.”

Anglo American confirmed that the agreements are consistent with the Heads of Terms that were established between De Beers and the Government of Botswana in September 2023.