Jwaneng underground to proceed, Vows De Beers CEO :: Mmegi Online

The project to transform Jwaneng Mine into an underground operation, at an estimated cost of $6 billion (P81bn), will go ahead despite the shake-up in De Beers caused by the pending exit of 85% shareholder, Anglo American.

De Beers’ CEO, Al Cook, told The Monitor the diamond giant was determined to deliver value for its stakeholders, who include partners in Botswana.

“The announcement regarding the separation between De Beers and Anglo American opens up new possibilities under new ownership,” he said in an emailed response on Thursday evening. “But some things will not change. “We will continue to deliver value for all our stakeholders, including our partners in Botswana. “This includes investing in the Jwaneng Underground Project, which De Beers and the Government of the Republic of Botswana visited together this week.”

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Jwaneng Mine

Jwaneng underground to proceed, Vows De Beers CEO

The project to transform Jwaneng Mine into an underground operation, at an estimated cost of $6 billion (P81bn), will go ahead despite the shake-up in De Beers caused by the pending exit of 85% shareholder, Anglo American.

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