Botswana’s 24% stake acquisition in HB Antwerp, announced in 2023, has not been formalized and is experiencing delays. The previous government initiated this deal under the framework of enhancing Botswana’s diamond trading interests. Debswana continues to manage significant diamond mines in the country, including Jwaneng and Orapa.
Media reports indicate that Botswana’s agreement to acquire a 24% stake in diamond trader HB Antwerp, announced in 2023, is experiencing delays and has not yet been finalized. The deal was initially established by the prior Botswanan administration, which had expectations for the collaboration in the diamond sector. The joint venture between De Beers and the Botswana government, known as Debswana, operates multiple significant mines in the country.
The anticipated stake acquisition by Botswana in HB Antwerp has yet to materialize, prompting discussions about its current status. The deal represents a strategic move to strengthen the country’s position in the diamond trading sector, though its future remains uncertain due to the lack of formal signing. As developments unfold, the implications for Botswana’s diamond industry may become clearer.
Original Source: www.mining-journal.com
