Debswana output flat in bearish market

Friday, April 24, 2015

Debswana recorded a marginal decline in the first quarter production as shareholder, De Beers, reduced output guidelines for the year by two million carats due to bearish market conditions.

A first quarter production update from parent company, Anglo American says Debswana’s output decreased by two percent to 5.6 million carats compared to the same period in 2014, on the back of a decline in grade at Orapa.

“The Orapa decline, was which was largely offset by an increase in throughput at both Jwaneng and Orapa,” stated Anglo in a statement.

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Debswana output flat in bearish market

Debswana recorded a marginal decline in the first quarter production as shareholder, De Beers, reduced output guidelines for the year by two million carats due to bearish market conditions.