View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 26, 2021

Debswana Diamond to construct underground mine in Botswana

Debswana Diamond is reportedly set to construct the world’s largest underground diamond mine at Jwaneng, Botswana, with a $6bn investment.

Debswana Diamond is reportedly set to construct the world’s largest underground diamond mine at Jwaneng, Botswana, with a $6bn investment.

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

Debswana Diamond is equally owned by De Beers and the Botswana Government.

The new mine section will involve the development of more than 360km of tunnel.

Bloomberg quoted Debswana Diamond transformation and innovation head Thabo Balopi as saying at a briefing in Gaborone that full production at the mine is expected by 2034. With an annual production capacity of as much as nine million carats (Mct), the underground mine is expected to extend the lifespan of Jwaneng by 20 years.

Balopi further added that the mine will have an early access decline by 2023.

De Beers announced in its production report for the first quarter of 2021 that the Jwaneng mine produced 3.2Mct in the initial three months.

Debswana Diamond technical services head Len Dimbungu said that the board has not yet taken any final decision with regard to financing the project.

Diamond mining in Botswana is said to account for the bulk of budget revenue, as well as foreign exchange receipts.

Jwaneng contributes nearly half the carats produced by De Beers annually. Last year, it produced 7.5Mct of the group’s output of 25.1Mct.

In November 2020, Debswana announced plans to close its Damtshaa diamond mine in 2021 for a period of three years.

The decision was taken due to weaker demand for the metal and trading disruptions caused as a result of the Covid-19 pandemic, making the mining of lower value diamonds unviable, Reuters quoted citing a union leader.

Related Companies

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology