Production halved at Ghaghoo Mine

Gem diamonds aims to cut costs by reducing production
Gem diamonds aims to cut costs by reducing production

Production from Gem Diamonds’ Ghaghoo Mine in the CKGR halved in the first quarter of the year as the company downsized operations to reduce costs. In a production update, Gem Diamonds said output at Ghaghoo stood at 11,029 carats in the first three months of the year down 55 percent from the last quarter of 2015.

“During the period, Ghaghoo treated 50,514 tonnes of ore. This reduced tonnage is in line with the strategy of downsizing and reducing the production plan for 2016 to approximately 300,000 tonnes,” said CEO, Clifford Elphick.

 At the beginning of the year, Gem Diamonds announced that it would downsize production at Ghaghoo in 2016 in line with market conditions in a development that market reports say has resulted in about 100 workers being laid off. 

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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