Low demand for rough diamonds has driven De Beers and the Government of Botswana, co-owners of Botswana’s diamond mining assets, to rethink their strategy on production.
According to a statement released by De Beers, which African Mining Brief has accessed, production at three of its flagship mines Damatshaa, Orapa, Letlhakane will be scaled down in order to reduce the stock in the market, hoping that this will contribute to high demand. Production at its high value low cost Jwaneng will be enhanced.
Debswana has since revised its production for 2016 to 20-million carats. To reach the target, the company is looking at producing 12-million carats from its Jwaneng Mine while Orapa, Letlhakane and Damtshaa will produce approximately.