Debswana to close Damtshaa diamond mine in Botswana
Botswana-based Debswana Mining will reportedly close its Damtshaa diamond mine in 2021 for a period of three years. The move comes due to a weaker demand for the metal and trading disruptions caused as a result of the Covid-19 pandemic, making the mining of lower value diamonds unviable, according to Reuters who cited a union leader.. Debswana is a 50:50 jointPresident of Botswana confirmed for Mining Indaba Virtual,2021-01-13· Last week Investing in African Mining Virtual announced Cyril Ramaphosa, President of South Africa was the third president to be confirmed for Mining Indaba Virtual, and this week President Mokgweetsi Masisi of Botswana has been confirmed as the fourth. The heads of state join CEOs from across the value chain on the CPD certified agenda. This,Debswana must absorb Majwe Mining employees- Union,,2021-01-19· Botswana Mine Workers Union (BMWU) says the decision by Debswana to cut ties with Majwe Mining should not result in any job losses, especially now under the State on Public Emergency, which prohibits retrenchments. This week, Debswana announced that it has decided to terminate the Majwe Mining Cut 9 contract effective January. 04th, this year.