Transformational agreements boost Botswana’s economic development potential and secure De Beers’ long-term share in world’s greatest diamond resources

HONG KONG SAR - Media OutReach Newswire - 27 February 2025 - The Government of the Republic of Botswana (the "Government of Botswana") and De Beers Group ("De Beers") announced that, following the conclusion of negotiations announced on 3 February 2025, the two partners have now signed the formal new agreements for a 10-year Sales Agreement (which may be extended by a further 5 years) and a 25-year extension of the Mining Licences (from 2029 through to 2054) for the 50:50 Debswana mining joint venture.