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AfricaAfrican EconomyBotswana

Botswana’s Debswana says expanded mine to produce first diamonds in 2017

9News Nigeria
Last updated: November 30, 2016 4:19 am
By 9News Nigeria
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1 Min Read
Diamonds are seen during an exhibition in Gaborone, Botswana, November 23, 2015. REUTERS/Siphiwe Sibeko
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GABORONE (Reuters) – Botswana’s Debswana, the world’s biggest diamond producer by sales value, is on track to produce its first diamonds from the expanded Jwaneng mine by next year, a company official said on Tuesday.

Known as Cut 8, the $3 billion expansion project aims to prolong the Jwaneng mine’s life by a further seven years and produce 100 million carats.

“The Jwaneng pit expansion is on track and will start delivering first ore to plant in 2017,” Debswana Corporate Affairs Manager Matshidiso Kamona said.

The project involves the widening of the existing pit as an alternative to going deep underground.

Debswana is aiming to keep production flat at 20 million carats in 2016.

(Writing by Olivia Kumwenda-Mtambo; Editing by Mark Potter)

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9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
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