• Trollope Botswana International : VACANCIESJuly 14, 2025
    RelatedPosts Trollope Botswana International : VACANCIES STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER
  • Boko can’t fix Botswana ‘spectacularly’ in three yearsJuly 14, 2025
    President Advocate Duma Boko has boldly ‘declared and decreed’ that he intends to fundamentally and ‘spectacularly’ change the face of Botswana in the next three years.  I believe it is the expectation of every Motswana that he lives up… Read more: Boko can’t fix Botswana ‘spectacularly’ in three years
  • Banks in liquidity squeezeJuly 14, 2025
    Liquidity declined to P305 million in February 2025 But slightly recovered to P764 million in March 2025 Unprecedented crush as banks adjust interest rates BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity… Read more: Banks in liquidity squeeze
  • BDP dilemmaJuly 14, 2025
    New leadership in balancing act, fear alienating members Central Committee avoids disciplining rogue elements Adopts ‘wait and see’ approach in DCEC investigations against members BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity… Read more: BDP dilemma
  • BSB’s net profit jumps 230%July 9, 2025
    Delivers P76.8m net profit from P23.3m   RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity squeeze BDP dilemma STAFF WRITER editors@thepatriot.co.bw   Botswana Savings Bank (BSB) has hailed its bold three-year strategy – Lesedi 2022-2025… Read more: BSB’s net profit jumps 230%
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Monday, July 14, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Subscribe
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

De Beers’ production 14% down

patriot by patriot
February 8, 2021
in Business
242
0
491
SHARES
1.4k
VIEWS
ShareShareShare
  • Fall attributed to Orapa operational hiccups
  • Diamond production in Botswana 28% down
  • Positive demand for rough diamonds in 2021

BAKANG TIRO

editors@thepatriot.co.bw

RelatedPosts

Banks in liquidity squeeze

BSB’s net profit jumps 230%

Rough diamonds turbulence

The Anglo American says the rough diamond production at De Beers declined massively by 14% to 6.7 million carats during the fourth quarter.

Anglo American disclosed in its production report for fourth quarter ended 31 December 2020. The company says the decline was driven by continued planned reductions in response to the lower demand for rough diamonds caused by Covid-19 and operational challenges at the Orapa mine.

According to the report, the challenges at Orapa have led to lower than the expected production.

“In Botswana, production decreased by 28% to 4.3 million carats, driven by the planned treatment of lower grade material at Jwaneng, where production decreased by 56%. This was partly offset by a 9% increase at Orapa due to a planned improvement in grade, despite a slower than anticipated plant restart in December following scheduled maintenance as well as power supply interruptions affecting plant availability,” said giant mining company review on Botswana.

Anglo America owns 85% of De Beers Group, the world’s leading diamond company, with the remaining 15% owned by the Government of Botswana, mining diamonds through Debswana mines.

The local mining sector had been hit hard by the outbreak of Covid-19 pandemic in Botswana in March last year with this in turn leading to a massive loss of revenue by the government as well. The sector remains largest contributor the country’s economy.

Mark Cutifani, Chief Executive of Anglo American, said strong performance recovery in the second half continued through the fourth quarter, following the Covid-19 disruptions earlier in the year.

“As expected, second half production returned to 95 %( 1) of 2019 rates, benefiting from strong performances in copper at Los Bronces in Chile and in iron ore at Minas-Rio in Brazil.  The recovery was all the more credible given planned maintenance at both the Collahuasi copper and Kumba iron ore operations and the suspension of operations at the Grosvenor metallurgical coal mine,” he added.

Cutifani noted that as the company begins 2021, they are continuing to see a positive demand for rough diamonds as strongly supported demand for diamond jewellery in the holiday selling season.

While it is still too early to signal a strong and sustained recovery, Cutifani maintained that the resilience in demand in spite of on-going negative Covid-19 impacts is very encouraging as well.

The company also said Namibia production decreased by 26% to 0.3 million carats as the majority of the marine fleet remobilised during Q4, following the Q3 stoppage thus adding to output woes.

“Namibia production decreased by 26% to 0.3 million carats as the majority of the marine fleet remobilised during Q4, following the Q3 stoppage. South African production increased to 1.3 million carats due to the expected improvement in ore grade from the last cut of the open pit at Venetia as the mine continues to transition to underground operations,” said Anglo American. Production in Canada decreased by 23% to 0.8 million carats as maintenance resulted in lower plant throughput. 

Related

Tags: De Beers

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Politicians are not problem solvers but enablers

Next Post

Phiri hails local engineers

Related Posts

Banks in liquidity squeeze
Business

Banks in liquidity squeeze

July 14, 2025
BSB’s net profit jumps 230%
Business

BSB’s net profit jumps 230%

July 9, 2025
Rough diamonds turbulence
Business

Rough diamonds turbulence

July 7, 2025
BVI ships over 500 000 doses of FMD vaccines to SA
Business

BVI ships over 500 000 doses of FMD vaccines to SA

July 2, 2025
BTCL enjoys strong growth
Business

BTCL enjoys strong growth

June 30, 2025
From tenderpreneurship to true entrepreneurship
Business

From tenderpreneurship to true entrepreneurship

June 27, 2025
Next Post
Phiri hails local engineers

Phiri hails local engineers

Please login to join discussion
  • Trollope Botswana International : VACANCIESJuly 14, 2025
    RelatedPosts Trollope Botswana International : VACANCIES STRIDES FOR SUCCESS: VACANICES FARM TRAQUAIR : FARM WORKER
  • Boko can’t fix Botswana ‘spectacularly’ in three yearsJuly 14, 2025
    President Advocate Duma Boko has boldly ‘declared and decreed’ that he intends to fundamentally and ‘spectacularly’ change the face of Botswana in the next three years.  I believe it is the expectation of every Motswana that he lives up… Read more: Boko can’t fix Botswana ‘spectacularly’ in three years
  • Banks in liquidity squeezeJuly 14, 2025
    Liquidity declined to P305 million in February 2025 But slightly recovered to P764 million in March 2025 Unprecedented crush as banks adjust interest rates BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity… Read more: Banks in liquidity squeeze
  • BDP dilemmaJuly 14, 2025
    New leadership in balancing act, fear alienating members Central Committee avoids disciplining rogue elements Adopts ‘wait and see’ approach in DCEC investigations against members BAKANG TIRO editors@thepatriot.co.bw RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity… Read more: BDP dilemma
  • BSB’s net profit jumps 230%July 9, 2025
    Delivers P76.8m net profit from P23.3m   RelatedPosts Boko can’t fix Botswana ‘spectacularly’ in three years Banks in liquidity squeeze BDP dilemma STAFF WRITER editors@thepatriot.co.bw   Botswana Savings Bank (BSB) has hailed its bold three-year strategy – Lesedi 2022-2025… Read more: BSB’s net profit jumps 230%
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?