Debswana production jumps 14%

Tuesday, October 28, 2014

Debswana dug up 6.2 million carats of diamonds in the third quarter of the year, a 14 percent rise compared to the same period last year, figures released by Anglo American show.

The third quarter output brings the company’s year to date output to 18.3 million carats with Jwaneng mine anchoring a 12 percent output jump in the first nine months of the year. Debswana, which contributes 80 percent of its revenues to government coffers, is expected to produce around 22 million carats this year.

Diamond revenues are projected to contribute about P15 billion to the 2014/15 national budget revenue target of P50 billion.

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