Botswana's new president hopes to conclude De Beers diamond sales deal soon

seekingalpha11-02

RHJ/iStock via Getty Images Botswana's new president Duma Boko said he wants to conclude talks for a new sales agreement with diamond miner De Beers as soon as possible, Reuters reported Friday, after...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2480993898?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1298909289/image_1298909289.jpg","is_english":true,"pubTime":"2024-11-02 04:08","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2480993898","market":"us","top_or_hot":-1,"title":"Botswana's new president hopes to conclude De Beers diamond sales deal soon","media":"seekingalpha","content":"<div>\n<p>RHJ/iStock via Getty Images Botswana's new president Duma Boko said he wants to conclude talks for a new sales agreement with diamond miner De Beers as soon as possible, Reuters reported Friday, after...</p>\n\n<a href=\"https://seekingalpha.com/news/4235804-botswanas-new-president-hopes-to-conclude-de-beers-diamond-sales-deal-soon\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Botswana's new president hopes to conclude De Beers diamond sales deal soon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBotswana's new president hopes to conclude De Beers diamond sales deal soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-02 04:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4235804-botswanas-new-president-hopes-to-conclude-de-beers-diamond-sales-deal-soon><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RHJ/iStock via Getty Images Botswana's new president Duma Boko said he wants to conclude talks for a new sales agreement with diamond miner De Beers as soon as possible, Reuters reported Friday, after...</p>\n\n<a href=\"https://seekingalpha.com/news/4235804-botswanas-new-president-hopes-to-conclude-de-beers-diamond-sales-deal-soon\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NGLOY","symbol_name":"Anglo American plc","start_time":0,"source_url":"https://seekingalpha.com/news/4235804-botswanas-new-president-hopes-to-conclude-de-beers-diamond-sales-deal-soon","article_id":"2480993898","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1298909289/image_1298909289.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480993898","pubTimestamp":1730491715,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"RHJ/iStock via Getty Images Botswana's new president Duma Boko said he wants to conclude talks for a new sales agreement with diamond miner De Beers as soon as possible, Reuters reported Friday, after the party that had ruled the country for 58 years was trounced in parliamentary elections. The stunning government turnover was triggered by a collapse in the diamond market, which generates most of Botswana's revenue and export earnings, and has left the country with surging unemployment rate and crime. Anglo American's   De Beers unit reached a new diamond sales agreement last year which would see the government's share of diamonds from the Debswana joint venture increase gradually to 50% over the next decade; the JV, equally owned by De Beers and the Botswana government, currently sells 75% of its production to De Beers. Anglo   is looking to divest De Beers as part of a broader restructuring, a process that could become easier now that the election in Botswana has been concluded, diam","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"NGLOY":"Anglo American plc","AAUKF":"Anglo American plc"},"translate_title":"博茨瓦纳新总统希望尽快达成戴比尔斯钻石销售协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAUKF":0.9,"NGLOY":0.9},"content_text":"RHJ/iStock via Getty Images Botswana's new president Duma Boko said he wants to conclude talks for a new sales agreement with diamond miner De Beers as soon as possible, Reuters reported Friday, after the party that had ruled the country for 58 years was trounced in parliamentary elections. The stunning government turnover was triggered by a collapse in the diamond market, which generates most of Botswana's revenue and export earnings, and has left the country with surging unemployment rate and crime. Anglo American's (OTCQX:AAUKF) (OTCQX:NGLOY) De Beers unit reached a new diamond sales agreement last year which would see the government's share of diamonds from the Debswana joint venture increase gradually to 50% over the next decade; the JV, equally owned by De Beers and the Botswana government, currently sells 75% of its production to De Beers. Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) is looking to divest De Beers as part of a broader restructuring, a process that could become easier now that the election in Botswana has been concluded, diamond mining industry analyst Paul Zimnisky told Reuters.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480993898"}