Cut 8 to pump P301bn into Botswana economy

Wednesday, November 25, 2015

The expanded Jwaneng Mine pit will directly contribute more than US$28 billion (P301 billion) to the economy and no less than 1,000 jobs during its operational phase between 2017 and 2029, a research by PricewaterhouseCoopers (PwC) indicates.

Commissioned by De Beers, the report was released this week at a conference held to celebrate the 46-year partnership between the global diamond giant and the government of Botswana.

Known as the Cut 8 project, the expansion of the Jwaneng Mine pit will uncover a further 105 million carats of high quality diamonds between 2017 and 2029.

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