Coronavirus: Damtshaa Mine "to Close for Three Years"

By John Jeffay / November 08, 2020 / www.idexonline.com / Article Link

(IDEX Online) - The Damtshaa mine, in Botswana, will reportedly close for three years as COVID-19 disruption and the consequent weak demand renders it unviable.The Debswana-operated deposit produces around 500,000-carats annually of lower-value diamonds - just 2.5 per cent of the country's total output.Joseph Tsimako, president of the Botswana Mine Workers Union told the Reuters news agency of the closure, to take effect next year, although Debswana has not so far made any comment.A plant at the nearby Orapa Mine, which processes ore from Damtshaa, will also close for an indefinite period, said Mr Tsimako, with the combined loss of up to 500 jobs.Damtshaa, which opened in 2003, closed for two years from 2015 to 2017 when rough demand slumped.  It is run by Debswana, a partnership between De Beers and the Botswana government."The mine produces lower quality diamonds which makes it expensive to dig during this period when the market is depressed," Mr Tsimako told Reuters.Pic shows processing plant at Orapa Mine

Recent News

Gold and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok