Cut 8 investment reaches P450m

Tuesday, February 18, 2014

De Beers has thus far pumped P450 million into the mammoth Cut 8 project, with recovery of diamonds scheduled for 2016.

According to Anglo American's full year 2013 results, project expenditure, including infrastructure expenditure, is likely to total approximately $3 billion.

De Beers is a subsidiary of Anglo American, which holds 85% equity in the diamond firm.

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The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

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