Name of the Project
Jwaneng underground project.

Location
Botswana.

Project Owner/s
Debswana, the 50:50 diamond mining joint venture between De Beers Group and the government of Botswana.

Project Description
The project will transition Jwaneng from an openpit mine to and underground mine.

The exploration access development phase will establish a drilling platform to facilitate comprehensive sampling of the kimberlite pipes, delivering the early access decline for the underground mine and developing essential infrastructure to support forthcoming stages of the project.

Subsequently, the project will be developed in two further phases – Phase 1 mining and Phase 2 mining – to support long-term future production at the mine in an environment of tightening long-term diamond supply.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
About $1-billion.

Planned Start/End Date
The project was announced on January 10, 2024, with initial works to start in May 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
De Beers Group press office, tel +44 20 7430 3434 or email pressoffice@debeersgroup.com.