Debswana to cap output at 26m carats
Friday, April 10, 2015
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.
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...