Debswana Diamond Company will suspend production at its Letlhakane Tailings Plant (LTP) and Jwaneng Modular Plant (JMP) by the end of March 2025.
This decision aligns with the company’s strategic response to ongoing challenges in the global diamond market, where demand and rough diamond prices have continued to decline through 2023 and 2024.
In light of these conditions, Debswana’s Board of Directors, during its March meeting, revised the 2025 production target from 18 million carats to 15 million carats.
To maintain long-term sustainability, the company will focus on open-pit mining and processing plants that treat run-of-mine ore.
As a result, LTP and JMP will be placed under Care and Maintenance (C&M) until market conditions justify restoring additional processing capacity. Damtshaa Mine will also remain under C&M.
All affected employees will be redeployed within the company, with a small team retained to oversee the care and maintenance of the idle facilities.
Debswana remains committed to handling this transition responsibly, adhering to HR policies and legal frameworks to ensure fair treatment of employees and business partners.
This strategic move aims to strengthen Debswana’s resilience during the downturn while positioning the company for agility and growth when market conditions improve, ultimately sustaining value creation for Botswana and its people.
