De Beers, Botswana plan to expand Jwaneng diamond mine

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GABORONE, April 6 (Reuters) – Debswana, a joint venture
between the Botswana government and De Beers, plans to expand
its Jwaneng Mine extending its lifespan by eleven years to
extract a further 50 million carats.

The project, known as Cut 9, follows a $3 billion expansion
of the mine in 2010 to uncover 100 million carats of diamond and
extend the life of the mine to 2024.

If approved by Botswana environmental authorities, the
project will deepen the mine to 855 metres from 650 metres, the
company said in a regulatory environmental impact assessment
notice.

Debswana managing director Balisi Bonyongo told Reuters on
March 27, 2018 that feasibility studies for Cut 9 will be
completed before the end of the year which will inform the
amount of funds required for the project.

De Beers is a unit of Anglo American .
Botswana is the world’s biggest diamond producer and Debswana
says the Jwaneng Mine is the world’s richest diamond mine by
value.