Over 250 job cuts as Ghaghoo mine closes

Operations at Ghaghoo Mine have stopped with immediate effect
Operations at Ghaghoo Mine have stopped with immediate effect

Over 250 workers will have their contracts terminated at Ghaghoo Mine after Gem Diamonds yesterday decided to put the mine under care and maintenance due to depressed diamond prices.

Gem Diamonds Botswana managing director, Haile Mphusu told BusinessWeek that the prices of the smaller commercial goods mined at Ghaghoo have come under pressure rendering production unprofitable.

The mine employs 298 workers including contractors and according to Mphusu all but between 30 and 40 workers will have their contracts terminated.  

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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