Debswana to close Damtshaa until end of 2010

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Debswana plans to extend the closure of Damtshaa Mine until the end of 2010 due to uncertainty in the market, Managing Director Balckie Marole said yesterday.

Speaking at Diamond Town Hall Meeting held at the GICC Marole said the mining company's board approved the proposal and they will approach the Minister of Minerals, Energy and Water Resources for approval.

"The closure is based on the fact that what we currently produce from other mines is far more than market demand," he said.

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