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Debswana to Consider Another Pit Expansion at Jwaneng
Nov 7, 2013 8:55 AM
By Deena Taylor
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RAPAPORT... The Jwaneng mine, the world's richest mine by value, is considering another project to extend the mine's life. Jwaneng's general manager, Alan Milton, said that the new project, known as Cut-9, could come before Debswana's board for approval in 2014, BDLive reported.
Jwaneng is owned by Dewbswana, a joint venture between De Beers and Botswana. Cut-9 will see Jwaneng move 1 billion tonnes of earth and take the mine to a depth of 850 meters. Cut-9 will likely be the last open-pit expansion before the mine moves underground.
In 2010, Debswana began work on Cut-8, a major extension project intended to stretch Jwaneng's life into 2025. Debswana invested $3 billion in the project, which is expected to yield 100 million carats worth $15 billion over the life of the mine.
Additionally, the company is exploring whether to implement Cut-10, a further push back at Jwaneng's open pit, or transition to underground mining. Last month, De Beers launched a $2 billion project to build an underground mine at its open-pit Venetia mine in Limpopo, South Africa.
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Tags:
Cut-10, Cut-8, Cut-9, Debswana, Deena Taylor, diamond, diamonds, Jwaneng, venetia
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