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Work starts on Jwaneng underground

Friday, January 12, 2024 | 990 Views |

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.

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Work starts on Jwaneng underground

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.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues