Mmegi

Debswana ahead on Jwaneng underground despite cash crunch

Friday, June 20, 2025 | 200 Views |

Pushing ahead: The transformation of the Jwaneng Mine pit into an underground operation is ongoing PIC: MORERI SEJAKGOMO

Debswana is 14% ahead of target in developing the mammoth $6 billion underground expansion of Jwaneng Mine, and is considering debt funding for the project due to the downturn in diamond demand.

When complete, the Jwaneng Underground Project, popularly known as the JUP, will create the world’s largest underground diamond operation, involving 360 kilometres of tunnels.

Starting in 2034 and going up to at least 2054, the project will bring up nine million carats to the surface annually, anchoring Debswana and the government’s revenues at a critical time when the country’s diamond resources are tapering out.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

FORMER TOWNSHIP ROLLERS PRESIDENT: Tendani Sebata.PIC.ROLLERS

After Rollers split, Sebata push ahead with Lions

Mqondisi Dube | 9 h ago

Gunners, Sithole spat resolved

Kabelo Boranabi | 9 h ago

Khama, Masisi should rise above personal differences

Mmegi Editor | 04 Jul 2025

The last laugh

Dr Fahim Chand | 04 Jul 2025

Khama blames Masisi, Magosi for causing forensic audit

Spira Tlhankane | 04 Jul 2025

Hope for ex-mine workers to claim compensation for silicosis, TB

correspondent | 04 Jul 2025

Boko’s key appointments so far

Staff Writer | 04 Jul 2025

Boko's P100 billion 'Butterfly' headache

Oarabile Mosikare | 04 Jul 2025

Khama, Masisi should rise above personal differences

Hurt as he may have been, former president Ian Khama, Sir Seretse’s senior son who was given an opportunity to speak on behalf of the Seretse family, couldn’t mince his words as he took advantage to shred his successor Mokgweetsi Masisi to pieces.He, however, did not clearly mention names but he referred to Masisi as the leader of a political party that was founded amongst others by his father.He would also address him as the former State...

Mmegi Editor | 04 July 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Debswana ahead on Jwaneng underground despite cash crunch

Debswana is 14% ahead of target in developing the mammoth $6 billion underground expansion of Jwaneng Mine, and is considering debt funding for the project due to the downturn in diamond demand.

After Rollers split, Sebata push ahead with Lions

Gunners, Sithole spat resolved

Khama, Masisi should rise above personal differences

The last laugh

Khama blames Masisi, Magosi for causing forensic audit

Hope for ex-mine workers to claim compensation for silicosis, TB

Boko’s key appointments so far

Boko's P100 billion 'Butterfly' headache

Khama, Masisi should rise above personal differences