The ten-year deal signed Tuesday in Gaborone also covers the sale of diamonds, the renewal of mining licenses and other capital commitments.

Botswana's government and De Beers finalised a 10-year diamond sales agreement after a protracted negotiation period, Reuters reported.

The Botswana government has signed a new diamond sales agreement crucial to its economy with the De Beers mining company after seven years of negotiations

Botswana's government on Tuesday signed a long-delayed 10-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years to the provisional pact.