World’s Most Valuable Diamond Mine Set to Get Even Bigger
- Debswana seeks approval for Cut 9 project at Jwaneng
- Expansion will extend 36 year-old mine’s life to 2035
Mining trucks ferry diamond-bearing kimberlite rock away from the excavation area of Jwaneng mine, operated by the Debswana Diamond Co., a joint venture between De Beers and Botswana's government, in Jwaneng, Botswana.
Photographer: Chris Ratcliffe/Bloomberg
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The world’s most valuable diamond mine is set to get even bigger.
Debswana, the joint venture between Anglo American Plc’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2,700 feet), according to a notice published in local newspapers Thursday. The Cut 9 project will extend the mine’s life by 11 years, to 2035, and allow the extraction of a further 50 million carats.