ITV

Tag: Botswana

  • Botswana and De Beers extend diamond partnership

    Botswana and De Beers extend diamond partnership

    MUMBAI: The government of Botswana and De Beers Group have signed new agreements, securing a 10-year sales deal (with a potential five-year extension) and a 25-year extension of mining licences for their 50:50 Debswana joint venture, now running from 2029 to 2054.

    Botswana’s minister of minerals and energy, Bogolo Joy Kenewendo, said the agreements will “underpin the success of our diamond industry” and bring stability to the market. De Beers chief executive officer Al Cook, called it “the world’s greatest public-private partnership.”

    Key Agreements
    * Mining Licence Extension: Ensures long-term value from Debswana’s assets, including Jwaneng Cut-9, Jwaneng Underground, and Orapa Cut-3.
    * Sales Agreement: Botswana’s Okavango Diamond Company (ODC) will sell 30 per cent of Debswana’s output, increasing to 40 per cent after five years. In an optional five-year extension, both ODC and De Beers will each sell 50 per cent.

    Economic Commitments
    * Diamonds for Development Fund: De Beers commits BWP 1 billion ($75 million) and further contributions from Debswana’s dividends to drive economic growth and job creation.
    * Local Beneficiation: Investments in diamond jewellery manufacturing, a grading laboratory, and a vocational training institute.
    * Marketing Initiatives: Botswana and De Beers will co-invest in campaigns to stimulate diamond demand and uphold ethical standards.

     

  • Nimbus signs more global broadcasters for India cricket

    Nimbus signs more global broadcasters for India cricket

    MUMBAI: Nimbus Communications Limited, the global media rights partner of the BCCI, has entered into TV licensing agreement for terrestrial broadcast of Indian cricket in Kenya, Botswana, Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe.

    The company has also closed a four year deal with Super Sport, the South African pay TV service.
    Nimbus, in an official release, claimed that it worked out a comprehensive telecast strategy for the Middle East with the signing of the radio rights deal with Hum FM and the TV rights deal with Ten Sports.

    According to the official communiqué, the Sinhala ‘edutainment’ channel Derana has secured the terrestrial TV rights for Sri Lanka for the ongoing England series. The series’ non exclusive pay TV rights for Hong Kong and Sri Lanka have been acquired by Ten Sports.

    Says Nimbus VP International & Syndication Vikram Das, “We are proud to be associated with the phenomenal expansion of the reach of Indian cricket. In a very short space of time we’ve achieved outstanding results in terms of reach, revenues and platforms.”

    With the latest round of deals announced, Indian cricket is now going live onto every continent: America, Europe, Australia, Africa and Asia and is available on television, radio and internet broadband, the release adds.