Debswana to cap output at 26m carats

Debswana will not dig up more than 26 million carats in the short to medium term as the company looks to continue matching production to demand.

Addressing the media in Gaborone yesterday, the company’s managing director Balisi Bonyongo said the company plans to produce between 23-26 million carats in the near future.

“It is better to keep the goods in the ground than to just produce when the market fundamentals do not support it,” he said.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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