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flag Botswana signs a decade-long diamond mining deal with De Beers, crucial for its economy.

flag Botswana's government has finalized a 10-year agreement with De Beers, a major diamond mining company. flag This deal, which includes an option to extend for five more years, is crucial for Botswana's economy as the country is heavily reliant on diamond sales. flag The agreement also extends Debswana's mining licenses until 2054, providing long-term stability for the diamond industry in Botswana. flag This partnership is vital for both parties, especially as De Beers seeks to sell or list its stake in the company, and it underscores Botswana's need to diversify its economy due to its heavy dependency on diamond exports.

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