The Diamond Mining industry in Botswana is set to grow, with rough diamond production estimated to reach 29.5 million carats (Mct) in 2020, according to a report by Timetric.
Entitled ‘Diamond Mining in Botswana to 2020’, the report states that the expected increase in rough diamond production will be due to Jwaneng Cut-8 project starting in 2018. Botswana is the world’s fourth-biggest rough diamond producing nation and produced 24.7Mct in 2014, an 8.7% increase over 2013. The increase in 2014 was a result of an estimated 6.1% increase in production from the Orapa mine.
With its abundant deposits of diamond, copper, nickel and silver, Botswana is dependent on mining and is a significant contributor to the country’s economy. In 2014, the sector accounted for 22.9% of the gross domestic product (GDP).
Botswana’s diamond mining industry is export-oriented and 70% of the nation’s total exports revenue in 2015 were gained through the export of rough diamonds.
The country had the third-biggest diamond reserves globally in 2014, being 17.8% of the global total. The diamond reserves are mainly located in the Central and Kgalagadi districts.
The Timetric report further mentions that De Beers SA is the leader of the country’s mining industry, which is managed by the Ministry of Mineral, Energy and Water Resources (MMEWR), and sub-departments such as the Department of Geological Survey (DGS), Department of Water Affairs (DWA), and Department of Mines (DoM).