April 17, 2009
World’s biggest diamond mine cuts output
Botswana, the world's largest diamond mine producer, says it will cut output by more than half this year because of low gem demand.
Debswana, the company jointly owned by the Botswana government and De Beers, plans to produce 15 million carats of diamonds this year, compared to 33.6 million carats in 2008, the BBC said. Diamonds decorate not only jewelry, but also industrial cutting tools.
The mining industry in Botswana has cut 4,500 jobs as global demand for diamonds has fallen.
Debswana produces close to a quarter of the world's output.