Debswana Diamond Co., a 50/50 joint venture between the government of Botswana and De Beers Group, has initiated its Cut-9 project to extend the life of the Jwaneng mine in Botswana to 2035. The project is expected to yield an estimated 53 million carats of rough diamonds from 44 million metric tons (mt) of treated material.
Debswana will invest approximately $2 billion over the life of the Cut-9 project, underpinning the partnership’s commitment to the future of Botswana’s diamond industry. Debswana’s shareholders have approved the project’s budget for 2019, and the next phase of work has begun.