DTCB eyes world beyond Debswana
Friday, February 09, 2018
DTCB, established in 2006 as a joint venture between De Beers and government, is limited by its founding shareholder agreement to only sorting and valuing stones from Debswana, before selling these to De Beers and the state-owned Okavango Diamond Company.
In the years since its establishment, DTCB’s operating position has tightened due to the fact that while its state-of-the art plant is built to process 45 million carats per annum, Debswana’s production has averaged well below 30 million carats since 2008, in line with a policy where the mines produce only to match demand. Last year, Debswana production was pegged at 22.5 million, which represented a three-year high.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...