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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Cut 8 investment reaches P450m

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