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§ 101,069 ounces ( ozs ) of gold poured in 2020 (115,649 ozs in 2019) § US$1,147/oz All in Sustaining Cost ( AISC ) in 2020 (US$986/oz AISC in 2019) § Average grade of 2.41 grammes per tonne ( g/t ) in 2020 (2.88 g/t in 2019) § 104,174 ozs of gold sold in 2020 at an average price of US$1,745/oz § Impressive Total Recordable Injury Frequency Rate ( TRIFR ) of 0.82 (2019 2.82) § Successful 2020 drilling programme of ~21,000 metres completed at Yanfolila § June 2020 earn-in agreement with Pasofino Gold Ltd ( Pasofino ) to advance and fund the Dugbe Gold Project in Liberia ( Dugbe ) to completion of feasibility study § September 2020 acquisition completed of the Kouroussa Gold Project in Guinea ( Kouroussa ), with mining licences granted in May 2021
Debswana did not commit to absorb Majwe employees -Armstrong
Jwaneng Mine to go underground – Balopi
PHILLIMON MMESO
editors@thepatriot.co.bw
Debswana Diamond Company a joint venture between Botswana government and Anglo American’s De Beers is going into full swing to ensure that their new business strategy adopted last year is yielding desired results.
The Debswana Executive Management recently took the media through their strategy and how they have started to implement it. The strategy is anchored in restructuring of mines and improving efficiencies throughout the group’s operations.
First to take the cue was the General Manager for Jwaneng Diamond Mine Koolatotse Koolatotse who briefed the media about the transition of the Cut 9 expansion project from Majwe Mining Joint Venture (MMJV) to Debswana Diamond Company. Koolatotse revealed that the transition was successfully completed at the beginning of April and that the Cut 9 contract was a P12 billion waste stripping p
A successful transition of the Cut 9 expansion project from Majwe Mining Joint Venture (MMJV) to Debswana Diamond Company was reached on 4
th April 2021. The Cut 9 contract was a P12 billion waste stripping project that started in 2019 and was expected to end in 2027. The Cut 9 operation will continue with its intent to extend the life of mine of diamond mining in Jwaneng Mine to 2035.
To date the transition has been smooth. No safety incidents have been recorded and this gives Debswana confidence that critical controls have been implemented and are delivering the expected results. Production has been stable throughout the transition from Contract Mining to the interim ‘Project’ arrangement, which entails Jwaneng mine directly operating and managing the Cut 9 mining operation and only outsourcing some key services and resources. Re-tendering process for Cut 9 Labour Sourcing services is planned to be concluded in December 2021.
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