Cut 8 investment reaches P450m

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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.

Editor's Comment
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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