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Debswana’s power move to shake mining landscape

Monday, September 26, 2022 | 1880 Views |

Going deeper: Naledi Mining Services will handle the massive Cut 9 contract

Debswana’s recent move to establish its own mining services firm carries echoes of a decision four years ago by one of its shareholders, De Beers, to enter the synthetic diamonds industry, analysts say.

Debswana’s recent move to establish its own mining services firm carries echoes of a decision four years ago by one of its shareholders, De Beers, to enter the synthetic diamonds industry, analysts say.

By investing millions of US dollars into producing its own synthetics, De Beers’ powerplay allowed it to bring its considerable financial and technical muscle into an industry that was increasingly imperilling its core business.

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Debswana’s power move to shake mining landscape

Debswana’s recent move to establish its own mining services firm carries echoes of a decision four years ago by one of its shareholders, De Beers, to enter the synthetic diamonds industry, analysts say.