Letlhakane, meaning "little reeds", is owned by Debswana, a partnership between the De Beers company and the government of Botswana.

In 2003, the mine produced 1.06 million carats (212 kg) of diamond.

The recoverable ore grade at the mine was about 0.26 carats (52 mg) per ton.

The ore produced at Letlhakane used to be processed at a processing plant at its sister mine, Orapa diamond mine, about 50 km (31 mi) distant.

[1] As of 2017, the Letlhakane Mine ceased open pit operations and completed a plant for the processing of tailings.