Mmegi

Anglo weighs more De Beers’ production cuts

Tough times: Debswana is waiting for a recovery from the prolonged slump
Tough times: Debswana is waiting for a recovery from the prolonged slump

De Beers could ask Debswana to restrain its output again – which would be the third time this year – as diamonds continue in a slump, threatening economic activity in the country.

Duncan Wanblad, the CEO of Anglo American which holds 85% equity in De Beers, said assessment of the situation was continuing to guide any further production decisions.

“As previously announced, we reduced rough diamond production from De Beers in response to market conditions,” the CEO said in a third-quarter update released recently.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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