RAPAPORT… Debswana, De Beers’ Botswana joint venture, has appointed
Jwaneng mine chief Albert Milton as managing director.
Milton will take up the position on December 1, succeeding
Balisi Bonyongo, who is retiring, De Beers said Wednesday. Bonyongo will remain
at Debswana as a consultant for three months, the miner added.
Milton has worked at Debswana for more than 25 years, and
has been general manager of the Jwaneng asset in Botswana since 2013. He has
held management positions at a number of other De Beers projects, including the
Orapa, Venetia, Letlhakane and Damtshaa mines.
De Beers and the Botswana government each own half of
Debswana, which contributed 68% of De Beers’ production in the first nine
months of 2018.
“Albert will be taking all his many years of outstanding
experience in the organization to lead Debswana in its next chapter,” said Bruce
Cleaver, CEO of De Beers and chairman of Debswana. “There are very exciting
times ahead for Debswana, with a huge [number] of opportunities on the horizon,
and I believe Albert is the ideal candidate to take the business forward and
maximize its potential.”
Image: Albert Milton. (De Beers)
Jwaneng Chief to Head Debswana
The Bottom Line
- Albert Milton, with over 25 years at Debswana, will succeed Balisi Bonyongo as managing director.
- Milton has managed multiple De Beers projects, including Jwaneng since 2013 and other Botswana mines.
- Debswana, equally owned by De Beers and Botswana, accounted for 68% of De Beers’ production in early 2018.
Summary by Rapaport AI
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