Gloomy outlook for Ghaghoo Mine

Tuesday, February 07, 2017

Gem Diamonds says it will soon make a decision on the financial viability of its Ghaghoo mine as it does not see an immediate recovery in prices of the kind of diamonds mined at the CKGR-based mine.

In the production update for the last quarter of 2016, the London Stock Exchange listed Gem Diamonds said diamonds prices at Ghaghoo fell 30% over 2016 while production was cut by 55%.

In 2016, Ghaghoo mine produced 40,976 carats from 91,499 carats in 2015, representing a 55% fall in output.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Seretse charged as NPF case returns

Staff Writer | 1 h ago

About 300 Batswana trapped in Middle East crisis

Mbongeni Mguni | 1d ago

Ministry declares war on low productivity

Spira Tlhankane | 22 h ago

Going back to church: Re entering the Amen Economy

Thulaganyo Jankey | 1d ago

Private investor injects P4m into UB hotel revival

Staff Writer | 1d ago

Southern chicken necks

Michelle Phetlhe | 1d ago

Senior Prisons officer faces drug, abuse of office charges

Larona Makhaiza | 1d ago

Pantsula Power: A call to action against social Ills

Nnasaretha Kgamanyane | 1d ago

Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

The Monitor Editor | 03 March 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More