Work starts on Jwaneng underground

Going under: Jwaneng Mine accounts for about 70% of Debswana’s profits and distributions PIC: MORERI SEJAKGOMO
Going under: Jwaneng Mine accounts for about 70% of Debswana’s profits and distributions PIC: MORERI SEJAKGOMO

De Beers and government have approved a $1 billion (P13.6 billion) budget to kickstart underground activities at the Jwaneng pit, the country’s single richest diamond mine contributing up to 70% of Debswana’s profits.

With a total budget estimated at $6 billion, the underground mine at Jwaneng will be the country’s single biggest project ever by value and, according to Debswana, will create the world’s largest underground diamond operation.

On Wednesday, Debswana officials said the company’s board had approved P13.6 billion to commence the early access development phase from May. The early access phase will be undertaken by a contractor.

Editor's Comment
Let’s stand against the menace of ‘CAT’

Methcathinone’s addictive grip is tightening, and its consequences are devastating. Lives are being ruined, families torn apart, and futures dashed by its destructive power. The drug’s allure knows no bounds, with various methods of ingestion making it accessible to users of all preferences.Whether it’s snorted, smoked, injected, or taken orally, the outcome is the same: a path of ruin and despair. It is time for action. The government,...

Have a Story? Send Us a tip
arrow up