The Southern Times reported that Debswana has announced plans to cease operations at the Damtshaa diamond mine. It will also scale down production at the Orapa No. 1 mine over the next three years.
Debswana is a 50/50 joint venture between the De Beers Group of Companies and the government of Botswana.
As quoted in the market news:
The company’s spokesperson Esther Kanaimba-Senai said the Damtshaa Mine will go into a care and maintenance programme for up to three years.
“Debswana Diamond Company is to place Damtshaa Mine, which is part of the Orapa, Letlhakane and Damtshaa mines, into a care and maintenance programme for up to three years as part of the company’s response to the downturn in the diamond market,” she said
Kanaimba-Senai said Orapa Mine Plant 1 will run at a reduced production level of approximately one million carats per year in order to maintain plant readiness to ramp up production quickly should it be required.
“As a result Debswana has revised its production for 2016 to 20 million carats to match expected levels of demand for rough diamonds,” she said.
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