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Diamonds for Development

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Diamonds for Development OVERVIEW FOCUS AREA DIAMONDS FOR DEVELOPMENT REPORT TO STAKEHOLDERS 2016 OVERVIEW FOCUS AREA OVERVIEW FOCUS AREA DEBSWANA ASSET LOCATION CONTENTS PROFILE AND Debswana profile and core values Debswana’s diamond value chain Chairman’s statement ORAPA MINE CORE VALUES LETLHAKANE MINE DAMTSHAA MINE Managing Director’s message BOTSWANA 2016 in numbers Debswana is integral to Botswana society. The company is Debswana milestones committed to aligning its policies and operating practices to Debswana commemorates BOT50 enhance its competitiveness while simultaneously advancing the GABORONE economic and social conditions in the communities in which it JWANENG MINE FOCUS AREAS operates, and Botswana as a whole. Operational overview Subsidiaries PROFILE Major projects Transfer of Morupule Coal Mine Debswana Diamond Company (Pty) Limited is a unique partnership between the Approach to sustainability Limited (MCM) Government of the Republic of Botswana and the De Beers Group of Companies. Our employees In 2016, MCM was transferred from Debswana The company was incorporated on 23rd June 1969 under the original name of by agreement between the Company’s Shareholders. Social performance De Beers Botswana Mining Company (Pty) Limited. The name was changed to Consequently, all of MCM’s issued share capital was Governance and Risk Management Debswana Diamond Company (Pty) Limited on 25 March 1992. transferred to the Minerals Development Company Board of Directors Botswana (Pty) Limited and the former ceased to be a Debswana is the world’s leading diamond producer by value and the largest subsidiary of Debswana. Executive management private sector employer in Botswana, with more than 5 000 employees and 6 000 Contact information contractors. Sesiro Insurance Company List of acronyms Debswana operates four diamond mines: Orapa, Letlhakane, Damtshaa and (Proprietary) Limited Jwaneng. Sesiro is a wholly owned subsidiary which offers Debswana and its associated companies an optimised insurance programme through a continuous process improvement DE BEERS DEBSWANA GOVERNMENT OF BOTSWANA DIAMOND COMPANY and general insurance awareness. During the year, 50% (PTY) LIMITED 50% Sesiro underwent a restructuring process as part of its Orapa, Letlhakane, requirements to achieve updated regulatory compliance. Damtshaa and Consequently, Sesiro was awarded a normal risk rating by Jwaneng Mines SESIRO INSURANCE COMPANY (PTY) LTD the Non-Bank Financial Institutions Regulatory Authority. I00% I00% BE PASSIONATE BUILD TRUST PULL TOGETHER SHOW WE CARE SHAPE THE FUTURE We are exhilarated by the We will always listen first, Being united in purpose We care deeply about We will find new ways. We product we mine and sell, then act with openness, and action, we will each other and the people will set demanding targets the challenges we face honesty and integrity so turn the diversity of whose lives we touch, our and take both tough and the opportunities that our relationships our people, skills and communities and the decisions and considered The Report to Stakeholders is an annual report providing an overview of Debswana’s environment we share. We we create. We will always flourish. experience into an risks to achieve them. We business operations. It presents a holistic view of company operations, challenges and business will always think through be ahead in everything unparalleled source of will insist on executional activities during the 2016 financial year, along with information on the company’s economic, the consequences of social and environmental impacts. we do. strength. what we do so that our excellence and reward Use of ‘our’ and ‘we’ relates to the Debswana Diamond Company (Pty) Ltd, a collective term contribution to the world those who deliver. used for both wholly owned business entities. © Debswana 2016. For more information, go online is real, lasting and makes All rights reserved. www.debswana.com us proud. OVERVIEW FOCUS AREA OVERVIEW FOCUS AREA The diamond value chain comprises processes that progressively add value to the diamond resource, from mining to sales. Value DEBSWANA’S DIAMOND is added as the diamond resource passes through each VALUE CHAIN intervention phase. MINING PROCESS SORTING AND SALES 1. MINING 2. COMMINUTION 3. CONCENTRATION 4. RECOVERY 5. SORTING AND SALES 6. RESIDUE DISPOSAL Drilling and blasting is used to Crushing, scrubbing and recrush Diamonds have a higher density Diamonds have several remarkable Diamond sorting, cleaning, packaging and The tailings (waste or residue) from break up millions of tonnes of processes are used to break than the rock that hosts them. properties that are exploited to weighing takes place in the Fully Integrated concentration, recovery and sorting, rock and assist in the loading and and fracture the ore, liberate Once the ore has been crushed recover them from the stream of Sorthouse (FISH), part of the Aquarium are disposed of in mineral residue transportation of ore and waste diamonds and reduce particles to to a manageable size, it is mixed prepared concentrate. Diamonds facility. FISH maximises diamond security dumps. rock. a manageable size. into a slurry of ferrosilicon and fluoresce when irradiated with while optimising diamond sorting through water in a process known as Dense x-rays. the use of laser technology. Debswana Kimberlite and waste rock are Comminution is from the Latin Media Separation (DMS). diamonds are then sorted and valued by then loaded into massive trucks word comminutus, meaning They also repel water and are the Diamond Trading Company Botswana by large shovels and taken to the to lessen. In mining terms, The heavier diamonds sink in the attracted to grease. When the (DTCB) in Gaborone. Here they are sorted primary crusher and waste dumps comminute means to reduce to slurry while the rest of the lighter concentrate is mixed and passed before being sold to De Beers and the respectively. minute particles. material floats. The concentrate over a grease belt, the diamonds Okavango Diamond Company. Thereafter, that contains diamonds (sinks) adhere to the grease. Diamonds rough diamonds find their way to cutting is transported to the recovery also emit a unique signature under and polishing centres around the world, plant and the material that laser light. including Botswana, where they are sold floats (tailings) is transported to manufacturers who produce diamond to the recrush plant for further jewellery destined for consumer markets. comminution. OVERVIEW FOCUS AREA CHAIRMAN’S STATEMENT LEADING DEBSWANA INTO THE FUTURE The story of diamonds is interwoven with normalisation of its rough inventories and the economic success story of Botswana. improved shareholder dividends. Political stability, good governance and the We expect that the diamond industry will prudent management of diamond revenues continue to face considerable volatility and have helped transform Botswana from this requires an ability to quickly adapt and one of the poorest countries in Africa to a respond to market changes, an attribute middle income nation. that I am pleased to report that we are It pleases me tremendously to see developing satisfactorily. Debswana successfully delivering the We have set ourselves demanding targets aspirations of both its shareholders; the and commendation must go to the Government of the Republic of Botswana management and employees of Debswana and The De Beers Group of Companies. for their hard work as well as dedication This innovative joint venture, conceived towards ensuring that we continue to so many decades ago, continues to create deliver on our high-performance promise value for its shareholders by balancing and remain “Always Ahead”. long-term profitability with employee welfare, social responsibility and environmental protection. Despite being part of a volatile, uncertain, complex and ambiguous (VUCA) world, Debswana developed and implemented a strategy that enabled the company to Carter N Morupisi deliver strong financial and operational Chairman performance in 2016, which resulted in the OVERVIEW FOCUS AREA OVERVIEW FOCUS AREA MANAGING DIRECTOR’S MESSAGE 2016 IN NUMBERS WE CONTINUE 2016 IN NUMBERS TO MINE TOTAL RECORDABLE INJURY TONNES TREATED CARATS RECOVERED DIAMONDS FOR FREQUENCY RATE (TRIFR) (000) (000) However, in line with our 2018 High Performance Organisation “Always Ahead” strategy, we will maintain operational DEVELOPMENT flexibility, continue to manage costs and improve operational efficiencies, planning 0.22 18,581 20,501 (2015: 0.38) (2015: 20,523) (2015: 20,368) and forecasting even further to ensure our continued success. In 2016, Debswana posted very positive development of local communities, as well It is only by ensuring that Debswana headline business results. These were as environmental stewardship. remains a successful and sustainable however over-shadowed by a tragic loss of TOTAL DEBSWANA PERCENTAGE OF DEBSWANA SUSTAINABILITY We implemented a number of initiatives to company that we can continue to turn life incident at Jwaneng Mine in October EMPLOYEES EMPLOYEES THAT ARE FEMALE ASSURANCE enhance employee engagement as well as diamond dreams into lasting reality for the 2016. to raise morale across the organisation and shareholders and the people of Botswana. The passing of our colleague Mr Onkabetse this has undoubtedly been a key driver in All the mines retained their Ramooki left us deeply saddened. No our improved operational performance. ISO 14001: 2004 and OHSAS 18001: diamond is worth a life and this incident We also continue to play
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