ORAPA: During the long service award ceremony held last Friday at Debswana Orapa, Letlhakane, Damtshaa Mines (OLDMs), general manager Mogakolodi Maoketsa highlighted the ongoing reform strategy, emphasising the importance of consulting with union leadership to navigate potential consequences.
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Diamond giant pays over P12 billion in taxes and economic contribution
De Beers Group, through its parent company, Anglo American, has announced it spent US$1, 219.8 million (over P12 billion) in taxes and economic contribution in Botswana over the past year.
Breaking down the numbers in its 2020 Tax and Economic Contribution Report, the mining giant revealed US$190.8 million was in royalties and taxes while US$246.9 million went towards corporate income tax.
The group further spent a total of US$81 million in wages to its local employees, an amount that excludes contractors and certain associates, and joint venture employees.
It also forked out US$446.4 million in procuring goods and services from within the country.
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 project that he said started in 2019 and was expected to end in 2027.