Cut 8 to pump P80bn into Govt coffers

Friday, October 22, 2010

JWANENG: Cut 8, the code name of the expansion of Jwaneng Mine, is set to pump at least P80 billion into the national economy through revenues from Debswana.

Debswana officials revealed during a media tour of the project this week that the expansion will produce 102 million carats worth US$15 billion (P100 billion).

This will see Government harvest an estimated US$12 billion (P80 billion) from the project which will cost Debswana shareholders, the government and De Beers US$3 billion in the next 14 years.

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Cut 8 to pump P80bn into Govt coffers

JWANENG: Cut 8, the code name of the expansion of Jwaneng Mine, is set to pump at least P80 billion into the national economy through revenues from Debswana.

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