Debswana output jumps on market recovery

Debswana MD Balisi Bonyongo
Debswana MD Balisi Bonyongo

Production at Debswana Diamond Company rose by a healthy 14% in the second quarter of the year as the market continues on the recovery trajectory from the 2015 lows.

Output figures provided by parent company, Anglo American yesterday show that Debswana production increased by 14% to 5.9 million carats when compared to the same period in 2016. 

“Orapa’s production increased by 44% driven by the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. This was marginally offset by Jwaneng where production decreased by three percent,” Anglo said. Anglo owns 85% of De Beers, which is a joint equal partner in Debswana with government.

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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