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
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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