Debswana bets P65bn on its future

Friday, April 30, 2021

Going deeper: Jwaneng Mine will go underground from 2034 PIC: DEBSWANA.COM

Debswana’s current plan to exist until at least 2054 is based on a P65 billion plan to build the world’s largest underground diamond at Jwaneng Mine. The massive project will involve 360 kilometres of tunnels scraping the earth’s insides for the precious stones. Staff Writer, MBONGENI MGUNI reports

Debswana’s plans at Jwaneng are as audacious as they are expensive. The plan to spend an estimated P65 billion on an underground mine at Jwaneng is significantly greater than the P24 billion Cut 8 and the P22 billion Cut 9 expansions of the same mine.

In fact, 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 mine.

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