mmegi

Jwaneng Mine exceeds cost-cutting targets

Friday, November 03, 2023 | 250 Views |

Shiny stones: Jwaneng Mine does not intend to restrain production despite lower demand PIC: TIMOTHY LEWANIKA

The world’s richest diamond mine by value, Jwaneng Mine, has exceeded its annual goal of cutting its spending by P3.5 billion, putting it in good stead as the slowdown in demand and prices of the stones continues.

The Mine was tasked with saving P3.5 billion this financial year, but its general manager, Koolatotse Koolatotse told journalists last week that at least P3.7 billion had been achieved by mid-year.

“Jwaneng was allocated P3.5 billion in savings and Orapa P3.5 billion. “As of June, we are at P3.7 billion savings and that tells you a story that we are resilient. “When the market goes down, we will behave exactly like the market is down,” he said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Court temporarily halts Mzwinila assets seizure

Staff Writer | 45 m ago

Access Bank Invests in student wellness at Bokamoso JSS

Staff Writer | 1 h ago

Clubs to share matchday costs with BFL

Kabelo Boranabi | 2 h ago

Ramogapi & Co should clear the Bonno confusion

The Monitor Editor | 1d ago

Parly demonstrates steady progress in SONA sessions

Laone Choeunyane | 1d ago

Preparations for Soul Fill Up with Franco in full swing

Staff Writer | 1d ago

BOMU, Film Association endorse incoming Arts Council CEO

Sharon Mathala | 1d ago

Teenage girl ends life using school belt

Pini Bothoko | 1d ago

Ramogapi & Co should clear the Bonno confusion

According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...

The Monitor Editor | 13 January 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

Jwaneng Mine exceeds cost-cutting targets

The world’s richest diamond mine by value, Jwaneng Mine, has exceeded its annual goal of cutting its spending by P3.5 billion, putting it in good stead as the slowdown in demand and prices of the stones continues.

Court temporarily halts Mzwinila assets seizure

Access Bank Invests in student wellness at Bokamoso JSS

Clubs to share matchday costs with BFL

Ramogapi & Co should clear the Bonno confusion

Parly demonstrates steady progress in SONA sessions

Preparations for Soul Fill Up with Franco in full swing

BOMU, Film Association endorse incoming Arts Council CEO

Teenage girl ends life using school belt

Ramogapi & Co should clear the Bonno confusion