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Corruption-free Botswana an ideal partner for De Beers.
(From Business Day (South Africa))
Byline: Lindsay Williams
Corruption-free Botswana an ideal partner for De Beers THE Botswana government has renewed the mining licence of De Beers' Jwaneng diamond mine for 25 years. Last night Face to Face's spoke to Business Day's international affairs editor Jonathan Katzenellenbogen about the matter.
Jonathan, how important is this deal? I think it's very important. What it indicates is that producer countries such as Botswana have enormous power over companies such as De Beers, which are highly reliant on them. De Beers gets about 56% of its production in value and weight from Botswana. I think that country has tremendous leverage at the …
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