Debswana H1 output down 9%

Friday, July 22, 2016

Production at Debswana’s mines dropped nine percent year-on-year to 10.5 million carats in the first half of the year, as the group slowed down output in order to reinvigorate demand after the market collapse of 2015.

According to figures published by Debswana parent, De Beers, on Wednesday, the diamond giant’s local mines produced 5.2 million carats in the second quarter of the year, marginally down from 5.3 million in the first quarter.

“Production decreased by 12 percent to 5.2 million (in the second quarter) with Orapa Mine reduced by 27 percent and the placing of Damtshaa Mine on care and maintenance from January 1, 2016,” De Beers said in a statement.

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Debswana H1 output down 9%

Production at Debswana’s mines dropped nine percent year-on-year to 10.5 million carats in the first half of the year, as the group slowed down output in order to reinvigorate demand after the market collapse of 2015.

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