Debswana's Rough Sales up 37% to $3.6bn

By John Jeffay / November 03, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Debswana's rough diamond sales rose by 37.5 per cent in the first nine months of this year, according to the Bank of Botswana. The 50-50 partnership between De Beers and the Botswana government sold $3.578 billion, an increase from $2.602 billion, as demand remained steady.Diamond revenue accounts for a fifth of Botswana's GDP and 70 per cent of its foreign revenue.The government has reportedly been lobbying for a larger share of the diamonds in its deal with De Beers, which has been extended but not re-negotiated as planned. It is reported to receive 25 per cent at present, up from 15 per cent agreed in 2011.The Debswana Diamond Company controls all the country's diamond mining, at the Damtshaa, Jwaneng, Letlhakane and Orapa mines.Pic shows Jwaneng mine

Recent News

Mining stock ETFs slide, gold sector valuations high

March 16, 2026 / www.canadianminingreport.com

Rise in oil price a potential net gain for Canada

March 16, 2026 / www.canadianminingreport.com

Gold stocks slump partly on fears of cost increases

March 09, 2026 / www.canadianminingreport.com

Canadian provinces rank high in Fraser Institute Survey

March 09, 2026 / www.canadianminingreport.com

Major producers and most of TSXV gold see strong gains

March 03, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok