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January 14, 2019 4:00 AM Lucara targets P2bn sales from Karowe

Should the diamond miner hit its target, the revenues would be higher than the 2018 forecast of US$180 million. Lucara has become globally renowned for the discovery of exceptionally large diamonds at its Karowe Mine in Letlhakane, particularly the famous Lesedi la Lone, the second biggest rough diamond ever discovered, dug up in November 2015. Eira Thomas 1305

January 14, 2019 4:00 AM Higher SACU receipts help trim 2018/19 deficit

Last February, Finance Minister, Kenneth Matambo projected a deficit of P3.6 billion, revising this in September to P4.6 billion, mainly due to revenues being diverted to Debswana mega-projects. Government, as a shareholder in Debswana, has funding obligations to the diamond miner’s upcoming projects, which include Cut 9 at Jwaneng and Cut 3 in Orapa 1277

November 21, 2018 12:18 PM Bonyongo retires, Milton takes over at Debswana

A statement from the diamond giant this afternoon indicates that Debswana’s shareholders have asked Bonyongo to stay on as a consultant for three months after his retirement “to ensure a smooth leadership transition”. Bonyongo has 26 years of service within Debswana and was appointed managing director on January 1, 2014. He is credited with the group’s 132

October 29, 2018 4:00 AM Debswana production drops in Q3

According to Anglo American’s third quarter production figures, output at Orapa dropped 21% quarter on quarter to 2.6 million carats, while at Jwaneng it rose marginally to 3.14 million carats from 3.03 million carats. Anglo American owns 85% of De Beers, with the balance held by the Government of Botswana. De Beers, in turn, owns 50% of Debswana with the balance 143

October 29, 2018 4:00 AM Botswana, Russia jostle for top diamond post

Botswana is the largest producer of rough diamonds by value, while Russia is the largest producer by volume. Botswana last chaired the KPCS in 2006, after Russia’s own term ended in 2005. Under KPCS rules, the annual battle to lead the organisation is focussed on the vice chair, as the vice automatically becomes chair the following year. The vice is chosen 171

September 25, 2018 4:00 AM Shining Light Winners Finish Three-Month Course

The three-month programme, which is offered in partnership with Limkokwing University of Creative Technology, affords the winners requisite skills that are vital for their jewellery design apprenticeship. Mbako Baraedi, Tshepo Dithebele, Gaone Otsile from Botswana and Richardlee Shoombe, Frans Uunona and Taleni Udeiko from Namibia, were selected from more than 130 entries 156

September 17, 2018 2:00 PM Kgaboetsile Wins Big At BNSC Awards Ceremony

Kgaboetsile scooped the award and took home the trophy and a whooping P100, 000 beating the likes of Isaac Makwala of athletics and Ofentse Bakwadi of Karate to the ultimate prize. Both Makwala and Bakwadi were tipped to go head to head for the award after their successful year. Makwala, 31 who won the sportsman of the year on the night had an eventful 183

July 19, 2018 12:51 PM Debswana Q2 production jumps to 6.3m carats

According to Anglo American’s second quarter production report released earlier today, Orapa, Letlhakane and Damtshaa pumped out 3.2 million carats in the second quarter, while just over three million were recovered at Jwaneng over the same period. In the first quarter, Orapa and its neighbouring mines produced 2.8 million carats, while Jwaneng pumped 116

June 28, 2018 4:55 PM Matlhabaphiri dies at 68

Born in Molepolole on 6 November 1949, Mr Matlhabaphiri, who was the Member of Parliament for Molepolole North before the last general elections, started his career as a bank clerk in 1971 and later became a teacher at Capital Continuation Classes in Gaborone. He then proceeded to work as a diamond sorter at the then Botswana Diamond Valuing Company 281

May 29, 2018 1:39 PM De Beers U-turns, jumps into synthetics

De Beers previously singled out synthetic or lab-grown diamonds as the biggest threat to rough diamonds, as players in the former industry pushed out countless carats, at low input costs, while marketing these as natural. By not only labelling its lab-grown diamonds, but also cutting their prices and flooding the market with them, De Beers is hoping 99