Fiscal boost as Debswana output jumps 33%
Friday, October 27, 2017
Production figures released by parent company, Anglo American this week show that Debswana anchored De Beers’ output for the period, with the resurgent demand prompting an upward revision of 2017 production guidelines.
“In the period, Orapa’s production increased by 60% mainly driven by the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. Jwaneng’s production increased by 23% as a result of planned increases in feed to plant,” said Anglo.
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...