Debswana axes P15.7bn contract to deepen Jwaneng Mine

Friday, January 15, 2021

Getting bigger: Debswana will now expand Jwaneng Mine on its own PIC: Debswana.com

Debswana, has terminated a P15.7 billion contract to deepen the world’s richest diamond mine, opting instead to do the work in-house.

In a statement on Monday, Debswana said the termination of the contract is with effect from Jan 4 and the contractor, Majwe Mining, had been given a 90-day notice period.

“The Cut 9 operation will transition to an owner-mining operation with some of the key services and resources, such as labour, being provided by contractors/service providers to Jwaneng Mine,” Debswana’s head of corporate affairs, Rachel Mothibatsela said.

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Debswana axes P15.7bn contract to deepen Jwaneng Mine

Debswana, has terminated a P15.7 billion contract to deepen the world’s richest diamond mine, opting instead to do the work in-house.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!