Geology Home Page physical geology historical geology planetary gems
Roger Weller, geology instructor
by Lauren Laposta
The History of Debswana
DeBeers is the largest diamond mining company and distributer in the world. They
are responsible for 40% of the diamond production across the globe as well as
45% of rough diamond distribution.
Debswana was founded on June 23rd 1969 around the time that De Beers geologists
first arrived in Botswana.
After three years of mining De Beers geologists found a diamond pipe in 1972
in Jwaneng, Botswana.
Debswana is a company in which the Botswana Government and the De Beers
Consolidated Mines Ltd each hold a 50% share. This agreement keeps much of the
profit being created by these gemstone rich mines from leaving the country.
It recirculates through the economy of Botswana in helping build roads and keep
local residents employed. Diamonds provide more than 70 per cent of Botswana’s
Debswana is a key player in the national economy of Botswana, producing in
excess of 70% of Botswana's export earnings, 30% of Gross Domestic Product (GDP)
and 50% of government revenue.
With the help of De Beers Diamond CO. the company is continuing introduction of
the latest diamond related technologies. As a result, DTC Botswana is the most
advanced diamond sorting and valuing operation in the world. This keeps their
economy up and leaves much opportunity for their own growth within the world.
Many people, both in America and in Botswana note the importance of the Debswana
agreement. Hillary Clinton is one strong advocate of the Debswana organization
as she is quoted saying “…The model that Botswana used when it discovered
diamonds--it made sure there was a trust fund created for the country so that
all of the money didn’t leave the country. In order to let a company like De
Beers exploit their diamonds, they said we want to own 20 percent of the
company. And as a result, if you go to Botswana, you see good roads, you see
clean water, because the people and their leaders said we’re not going to be
exploited and we’re not going to let the benefits end up in a very few hands.”
attribute De Beers presents to Botswana is the health and well-being of its
employees. As HIV/AIDS is a very prevalent disease in Botswana, Debswana is
making strong efforts to help
prevent new infections, care and support of those infected with HIV and keep
up with the containment of costs. This not only ensures that the company will
not lose its employees it also contributes to the entire society.
Through the creation of Debswana has brought many positive changes to South Africa including providing 3,200 manufacturing jobs and has truly put back into the community helping not only their employees but their spouses and children as well with the HIV/AIDS prevention.