Letšeng raises diamond royalties from 8% to 10%
By the AFREEQUE newsroom, based on Congo B
Renegotiation of the Letšeng concession raised royalties on diamond sales from 8% to 10% in 2019, alongside a ten-year extension, renewable once. The agreement also addressed governance, shareholders’ rights and local company participation, Congo B reports.
In 2019, Lesotho secured an increase in royalties on diamond sales from 8% to 10% at the Letšeng mine when its concession was renewed, Congo B reports. The negotiations received legal support from the African Legal Support Facility (ALSF), an institution established in 2008 at the initiative of the African Development Bank.
The southern African kingdom signed a three-year strategic partnership agreement with the ALSF on 21 September 2026. The partnership covers natural resources, energy, infrastructure and sovereign finance, among other areas, according to Congo B.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
