The joint venture partners have awarded a $1.2-billion contract to extend the lifespan of their Jwaneng mine unit 2035.
Debswana Mining News
Botswana's economy is expected to expand by 4.5 percent this year.
Debswana, the joint venture between De Beers and the Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters.
Debswana expects growth this year as lower taxes in the US leave consumers with more to spend on luxury goods.
The government of Botswana has established a new diamond trading company that will be responsible for the purchasing, selling and marketing of the state’s portion of Debswana Diamond’s production.