Debswana's economic impact reached P18bn in 2018

Jwaneng Mine is the world's richest value
Jwaneng Mine is the world's richest value

Debswana’s contribution to the economy rose seven percent to US$1.73 billion (P18.4 billion) in 2018, helped by the highest production figures for the mines since 2014. On Wednesday, Anglo American, the controlling shareholder in De Beers, revealed that Debswana’s total economic impact was higher across nearly all the individual factors calculated to measure the diamond giant’s contribution. 

These factors include taxes paid including royalties, procurement, wages, capital investment and corporate social responsibility.

The report covers Anglo American’s economic impact contributions in the 12 countries it operates in around the world. In Botswana, Anglo’s impact is through its 85% holding in De Beers, which in turn holds 50% equity in Debswana.

Editor's Comment
Watch your tongue Mr President

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...

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