Debswana's economic impact reached P18bn in 2018

Friday, July 05, 2019

Jwaneng Mine is the world's richest value

Debswana’s contribution to the economy rose seven percent to US$1.73 billion (P18.4 billion) in 2018, helped by the highest production figures for the mines since 2014. On Wednesday, Anglo American, the controlling shareholder in De Beers, revealed that Debswana’s total economic impact was higher across nearly all the individual factors calculated to measure the diamond giant’s contribution.

These factors include taxes paid including royalties, procurement, wages, capital investment and corporate social responsibility.

The report covers Anglo American’s economic impact contributions in the 12 countries it operates in around the world. In Botswana, Anglo’s impact is through its 85% holding in De Beers, which in turn holds 50% equity in Debswana.

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Debswana's economic impact reached P18bn in 2018