Debswana to Plow $6 Billion for Biggest Underground Diamond Mine
- Expanding Jwaneng will add as many as 9 million carats/year
- Diamond mining is southern African nation’s economic anchor
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Debswana Diamond Co. will spend 65 billion pula ($6 billion) to build the world’s largest underground diamond mine at Botswana’s Jwaneng, which is already the richest mine by value for the previous stones.
The underground mine will have more than 360 kilometers (224 miles) of tunnel development and will hit full production by 2034, Debswana’s head of transformation and innovation, Thabo Balopi, said at a briefing in the capital, Gaborone, on Friday.