Market Downturn: Debswana Shuts Down Damtshaa, Scales Down Orapa

Mining and Exploration
19/12/2015 13:44

Botswana’s national diamond mining company Debswana is to close operations at its Damtshaa mine and reduce production at Orapa No.1 mine for the next three years due to an ongoing downturn in the global diamond market. The company, a 50/50 joint venture between De Beers and the Botswana government, had forecast production of 22 million carats for 2015 but in October the company said the figure had since been revised to 21 million. Company spokesperson Esther Kanaimba-Senai said the Damtshaa mine will go into a care and maintenance program for up to three years.