Debswana to cap output at 26m carats

Debswana will not dig up more than 26 million carats in the short to medium term as the company looks to continue matching production to demand.

Addressing the media in Gaborone yesterday, the company’s managing director Balisi Bonyongo said the company plans to produce between 23-26 million carats in the near future.

“It is better to keep the goods in the ground than to just produce when the market fundamentals do not support it,” he said.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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