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De Beers plans US$1B mine expansion in Botswana

Global diamond major De Beers has earmarked US$1 billion to fund the expansion of the Jwaneng project in Botswana.

Georgia Williams
This first stage of underground development will begin in May 2024. Photo: Debswana

This first stage of underground development will begin in May 2024. Photo: Debswana

The Board of Debswana, a joint venture between De Beers Group and the Botswana government, has approved an investment for the next phase in developing the Jwaneng underground project. This decision...

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