GABORONE (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 (£2.1 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.
Writing by Tiisetso Motsoeneng. Editing by Jane Merriman