mmegi

Debswana eyes four-year production high

New broom: Motsomi joined Debswana as managing director in May PIC: MORERI SEJAKGOMO
New broom: Motsomi joined Debswana as managing director in May PIC: MORERI SEJAKGOMO

Diamond giant, Debswana, expects to produce 23.6 million carats this year, the highest since 2018, despite a P1 billion increase in operating costs and headwinds in the global economy.

Last year, Debswana’s local mines produced 22.3 million carats which at the time represented the highest level since 2019, helped along by a rebound in the global economy from COVID-19 and resurgent demand for the precious stones.

By the end of July this year, Debswana’s production for the year stood at 13.8 million carats, slightly below the target level, while sales at 16.2 million carats were above target and the main contributor to the confidence for higher output by year end.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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