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Milton optimistic on Debswana growth

patriot by patriot
January 17, 2021
in Business
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Milton optimistic on Debswana growth
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The newly appointed Managing Director (MD) of Debswana Albert Milton is confident that Debswana mines will continue creating wealth for the country through expansion projects that will unlock investment opportunities.

Milton said this on Wednesday during his official unveiling as MD at the GICC. The occasion also stood as a farewell ceremony for the retiring MD Balisi Bonyogo.

Milton said expansion projects – Cut 9 in the Jwaneng mine and Cut 3 in Orapa mine – have the potential to unlock opportunities for growth of the business in terms of boosting sales and production level.

Milton said the projects will not only unlock new opportunities for the shareholders – Government of Botswana and De Beers – but also offer long-term transformation of the country’s economic prospects.

“I am very committed to ensure that the business performs well going forward. I remain optimistic of business and economic growth which will go long way in ensuring that the diamonds contribute significantly to the economic transformation into a Knowledge-Based oriented economic set up,” he added.

He reiterated that there is a need to diversify the economy to reduce massive dependence on minerals, particularly diamonds.

He said they are focused on facilitating growth and unlocking opportunities for local businesses that will supply goods and services to the company, adding that the expansion projects have ripe opportunities for partnerships with local companies.

Mineral Resources, Green Technology and Energy Security Minister Eric Molale has backed Milton to take with full force the new Debswana mines life line projects – the Cut 9 and Cut 3 as they offer glimpse of hope of increasing production of diamonds.

Bonyongo praised De Beers and Botswana Government for a well-functioning partnership, which he said has the ability to take Debswana to greater heights in investment turnover.

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  • Khamas form People’s Patriotic PartyJune 1, 2023
    BAKANG TIRO editors@thepatriot.co.bw A faction within Botswana Patriotic Front (BPF) aligned to the Khama family is hitting the ground running finalizing formation of a splinter party likely to be led by former MP for Palapye Moiseraele Goya. The Patriot […]
  • Battle for Mhlauli’s multi-millionsJune 1, 2023
    STAFF WRITERS editors@thepatriot.co.bw Three years after the passing of former permanent secretary in the ministry of local government, lands and housing  Elvidge Gaedupe Makhunga Mhlauli, his estate remains unsettled due to dispute between  creditors, beneficiaries and lawyers appointed for […]
  • ‘Women poised to dominate mining in future’- Experts June 1, 2023
    ‘Companies ought to break the barriers for women for them to rise to the top in the sector. Companies need objective quotas in place to give them power. They are the future of mining’- Dr Somolekae BAKANG TIRO editors@thepatriot.co.bw […]
  • PUBLIC TENDER NOTICE: Botswana Unified Revenue Service (BURS)May 31, 2023
    1. THE PROVISION OF BIG DATA IMPLEMENTATION AND DATA ANALYTICS FOR 18 MONTHSTender Closing: 16th June 2023 2. SUPPLIES PROCUREMENT OF CISCO COMMUNICATION AND COLLABORATION EQUIPMENTTender Closing: 16th June 2023 3. PHYSICAL BURS ASSET VERIFICATION, TAGGING AND RECONCILIATION OF […]
  • Vacancy: Choppies Distribution Centre.Pty.LtdMay 31, 2023
    FINANCIAL SERVICES­ – OPERATIONS MANAGER Closing Date: 15th June 2023
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