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Debswana eyes four-year production high

New broom: Motsomi joined Debswana as managing director in May PIC: MORERI SEJAKGOMO
New broom: Motsomi joined Debswana as managing director in May PIC: MORERI SEJAKGOMO

Diamond giant, Debswana, expects to produce 23.6 million carats this year, the highest since 2018, despite a P1 billion increase in operating costs and headwinds in the global economy.

Last year, Debswana’s local mines produced 22.3 million carats which at the time represented the highest level since 2019, helped along by a rebound in the global economy from COVID-19 and resurgent demand for the precious stones.

By the end of July this year, Debswana’s production for the year stood at 13.8 million carats, slightly below the target level, while sales at 16.2 million carats were above target and the main contributor to the confidence for higher output by year end.

Editor's Comment
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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