Is Botswana Getting A Raw Deal From De Beers Diamonds - The World News May 2026

In 2019, the government of Botswana announced plans to increase its share of the revenue from diamond mining. The government proposed a new royalty rate of 15% on the value of diamonds extracted from the mines, and also announced plans to acquire a 24% stake in the Debswana Mining Company, which is the joint venture between De Beers and the government of Botswana.

As the world continues to demand more transparency and accountability from mining companies, De Beers and the government of Botswana must work together to ensure that the diamond industry benefits both the company and the country. In 2019, the government of Botswana announced plans

In 2018, a report by the human rights group, Global Witness, accused De Beers of failing to provide adequate compensation to communities affected by its mining operations. The report also accused the company of using security forces to intimidate and harass local communities. In 2018, a report by the human rights

De Beers, founded by Cecil Rhodes in 1888, has been a major player in the diamond industry for over a century. The company's dominance in the industry has been well-documented, and its influence extends far beyond Botswana. In the 1960s, De Beers began exploring for diamonds in Botswana, and in 1971, the company discovered the Orapa diamond mine, which would become one of the largest diamond mines in the world. The company's dominance in the industry has been

The diamond industry has also had a significant impact on the people of Botswana. The industry has created jobs and generated revenue, but it has also been criticized for its treatment of workers and its impact on local communities.