Cut 8 to pump P80bn into Govt coffers

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JWANENG: Cut 8, the code name of the expansion of Jwaneng Mine, is set to pump at least P80 billion into the national economy through revenues from Debswana.

Debswana officials revealed during a media tour of the project this week that the expansion will produce 102 million carats worth US$15 billion (P100 billion).

This will see Government harvest an estimated US$12 billion (P80 billion) from the project which will cost Debswana shareholders, the government and De Beers US$3 billion in the next 14 years.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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