The Renwal of Botswana and De Beers At the end of February, the Government of the Republic of Botswana and the De Beers Group confirmed their diamond partnership by signing new 10-year agreements (extendable by another 5 years), with a 25-year extension of mining licenses (from 2029 to 2054) for the 50-50 Debswana joint venture. Under the new agreement, for the first five years, the Okavango Diamond Company, Botswana government's rough diamond company, will sell 30% and De Beers 70% of Debswana's production; for the following five years, ODC will sell 40% and De Beers 60%; both parties...