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Debswana Q1 production up 25 % 

Production at Debswana, the partly state owned diamond miner continued on its upward trajectory in the 1st quarter of 2022, bouncing back fully to pre-covid-19 pandemic levels. 

The De Beers – Botswana joint venture unearthed 6.2 million carats in the first 3 months of the year, a 25 percent increase when compared to the same quarter in 2021 which was partly impacted by high rainfall significantly impeding mining activities.

De Beers said in a quarterly production report on Thursday that the 25 percent production increase in Botswana from 4.960 million carats in 2021 Q1 was due to increased processing at both Orapa and Jwaneng, as well as planned higher grades across the operations.

Orapa registered the biggest growth in production from 1.869 million carats in first quarter of 2021 to 2.552 million carats in first 3 months of 2022, mirroring a 37 percent increase. Jwaneng, Debswana and De Beers’ biggest operation produced 3.362 million carats in the first quarter of 2022, an 18 percent increase from 3.091 million carats delivered in the same quarter 2021.

Jwaneng Mine, the world’s richest diamond mine in terms of value, roared to production glory in the year 2021, anchoring both Debswana and De Beers’ annual rough diamonds output to nearly pre-covid-19 pandemic levels, cementing its position as De Beers Group’s flagship.

In total, De Beers recovered 32.2 million carats in 2021, a 29 percent increase from 25.1 million carats mined in 2020.Of these 32.2 million carats, Botswana (Debswana) accounted for 69 percent at 22.3 million carats, underscoring the partly Botswana Government-owned miner’s position as De Beers’ talisman, and its largest rough diamonds producer, by far.

In 2021, Jwaneng Mine alone at over 12 million carats surpassed all other De Beers operations in Canada, South Africa and Namibia combined. Jwaneng is currently going into Cut 9, expected to deliver gems until 2036 before reaching end of open pit life. Experts are currently on the ground in Jwaneng, building a case for the world’s biggest underground mine, anticipated to cost a whopping P65 billion to develop, the likes of which mother earth has never seen before.

DE BEERS TOTAL PRODUCTION IN Q1 2022

In total De Beers Rough diamond production increased by 25% to 8.9 million carats in the first quarter of 2022 reflecting a strong operational performance, and higher planned levels of production to meet continued strong demand for rough diamonds, while Q1 2021 was impacted by particularly high rainfall in Botswana and at Venetia.

Botswana (Debswana) remained De Beers’ golden goose contributing nearly 70 percent of the Group’s total production. In Namibia production increased by 33% to 0.5 million carats primarily driven by higher recovery from the crawler vessels, due to lower planned maintenance of the Mafuta and the early delivery of the new diamond recovery vessel, the Benguela Gem.

The Benguela Gem, diamond recovery vessel, was commissioned ahead of schedule and on budget, and is expected to add an additional 500,000 carats per year of high value diamonds to our production. In South Africa production increased by 46% to 1.7 million carats due to the treatment of higher grade ore from the final cut of the open pit.

Production in Canada decreased by 15% to 0.6 million carats, primarily as a result of treating lower grade ore. Robust demand for rough diamonds continued into the first quarter following strong growth in consumer demand over the holiday season, with rough diamond sales totaling 7.9 million carats (7.0 million carats on a consolidated basis) from two Sights (3), compared with 13.5 million carats (12.7 million carats on a consolidated basis) from three Sights in Q1 2021, and 7.7 million carats (7.2 million carats on a consolidated basis)(2) from three Sights in Q4 2021.

The rough diamond market is however heading into the seasonally slower second quarter of the year, diamond businesses are adopting a more cautious and watchful approach in light of the war in Ukraine and associated sanctions, as well as the impact of Covid-19 lockdowns in China.

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Business

Food prices continue to rise, but at a slower rate

28th November 2022

Prices for cereals or staple foods in Botswana and other Southern African countries continue to rise at a slower pace, following trends in the global markets, according to the latest November 2022 Food Price Monitoring and Analysis by Food Agricultural Organization (FAO) of the United Nations.

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Business

Still doing business the old way?

18th November 2022

It’s time to get business done better with MTN Business Botswana’s ICT Solutions.

Running a digital businessMTN Business Solutions Botswana, popularly known as MTN Business is an Internet Service Provider. We are a subsidiary of MTN Group Limited, a multinational telecommunications Group headquartered in South Africa, which operates in 19 markets across Africa and the Middle East.

More and more, clients are looking for ways to keep their staff productive in a dynamically changing business environment. Whether your people are working from home, the office or abroad, there is a growing recognition that digitising your operations can offer unprecedented commercial value in flexibility, productivity and growth. This new, digital reality means that it is more important than ever to stay agile – if there is anything that can slow a business down, it is being burdened by othatld technology.

Having made substantial investments in fibre technology, high-speed terrestrial and undersea networks and new frequency spectrum across the markets wherein it operates, MTN is perfectly positioned to respond to this shift in the market.

A few years ago, MTN also made the decision to build an IP capable radio network for its mobile services, giving its core network the ability to seamlessly integrate with enterprise IP networks. The mobile towers deliver services to enterprise clients absolutely anywhere it has a network, shortening the last mile and removing complexity and cost.

Now there is increasing demand from clients to connect their remote sites in all areas, including rural and semi- rural. MTN has assisted clients with overcoming this connectivity hurdle, enabling their staff to get the job done wherever they are.
MTN’s evolution

For MTN, the focus has shifted from just being a core telecommunications services provider, towards also becoming a technology solutions provider. The service offering now also includes Unified Communications, Data Hosting and Cloud Solutions, Security-As-A-Service and Managed Network Services. The scope has changed to being client and industry specific, so the requirements and service portfolio vary from one client to the next. The expectation is that a company like MTN must respond to these challenges, helping clients to get business done better as they shift from old to new technologies.

As many businesses continue to grapple with a digitally dynamic world, they face new challenges that have to be solved. This environment will benefit those that are more digitally enabled and agile. It is a brave new world that will favour online over on-site, wireless over wired and fluid over formulaic. Businesses will seek out partners and suppliers that are every bit as flexible and forward-looking as they are.
Ultimately, clients need partners like MTN Business that will invest in infrastructure, deliver the services they require, have market credibility, are financially sound and have a long-term commitment to their market presence.

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BIE to vitalize the Dignity of Engineers

9th November 2022

Botswana Institution Of Engineers (BIE), has last week hosted a gala dinner in  which they appreciated engineers who worked tirelessly and with dedication for 10 years from 1983 to steer the BIE to its current status.

The event that was held at the Phakalane Golf Estate had brought together young, experienced and veteran engineers and was held under the theme “Vitalize the dignity and eminence of all professional engineers”.

Explaining the theme, the institution’s treasurer, Thanabalasingam Raveendran said that engineers were looked upon reverentially with respect as the educated but with time it seems to have deteriorated. He indicated that there is a need to change the narrative by all means.

“The BIE exists for the welfare and the betterment of us Botswana engineers, we need to recognize specialised units within our Institution. We Engineers strongly believe in Engineers make it happen” Raveendran said.

He indicated that under the theme they appeal to all engineers to energize, to attain quality of being worthy of honour and respect and to achieve recognized superiority amongst the Society.

Raveendran stated that engineers need to ensure their end product is of good quality satisfying the end users expectations and engineers must be honest in their work.

“Approximately 8000 engineers registered with Engineering Regulatory Board (ERB) are not members of the BIE, engineers need to make every effort to recruit them to BIE” he said.

He alluded that BIE being a society, it currently needs to upgrade itself at par with professional institutions elsewhere like the UK and USA.

He further stated that BIE has to have engineering units of specialised disciplines like Civil/Mechanical/electrical etc

“As President Masisi indicated in his inaugural speech, the young people, who make 60 percent of the population of this country, are the future leaders and therefore investing in them is building the bridge to the future” said Raveendran

Kandima indicated that BIE has a memorandum of Understanding with Engineers Registration Board (ERB), where BIE is a recognised provider of CPD training, mentorship programmes and more importantly IPD undertaking to upgrade the skills and know-how of our engineers.

“For us to achieve our mandate and make worthwhile changes to engineering in Botswana, we have to be totally focused and act with intent” said Kandima.

Furthermore, Stephen Williams, past president of the BIE from 1986-1988 told the engineers that  the BIE provides a fertile environment where they can meet, share ideas and grow professionally.

“The BIE is also a nesting place for graduate engineers to learn from their peers and seniors, it also cater for engineering technicians and technologists and so nobody in the technology field is left out” he said.

He further indicated that Botswana Government provides a conductive environment for growth of engineering professionals.

“It must be stated that the Botswana Government recognises the existence of BIE and it can further be stated that the government enables ERB to carry out its mandate as a regulator of engineering professionals” said Williams

He plead with engineering companies to recognize and support BIE as it is the only source of engineering personnel’s for various Industries .

Furthermore, when giving his farewell speech, Michael Pinard , a past president of the institution  said how they are viewed as engineers by the general public might be due to some lack of appreciation as to exactly what role they play in the development of the country.

“The BIE slogan is aptly coined-Engineers make it happen, in other words, what man dreams engineers create” Said Pinard.

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