Name of the Project
Jwaneng mine life extension – Cut 9 project.

Location
Botswana.

Project Owner/s
Botswana-based Debswana Diamond Company, a joint venture between the Botswana government and De Beers.

Project Description
The project is a nine-million-carat-a-year replacement project for cuts 7 and 8 of the Jwaneng mine, which will extend the life of the Jwaneng openpit mine to 2036.

The project is expected to yield an estimated 59-million carats of rough diamonds from about 49-million tonnes of material.

Potential Job Creation
At its peak, Cut-9 is expected to create more than 1 000 jobs, the majority of which will be held by Botswana citizens.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Debswana will invest about $2.1-billion over the life of the project.

Planned Start/End Date
First production is expected in 2027.

Latest Developments
The project is progressing on schedule.

Key Contracts and Suppliers
Majwe Mining (mining services).

Contact Details for Project Information
Debswana Diamond Company corporate affairs manager – external communication Agatha Sejoe, tel +267 3614301/71301453.