Debswana Diamond Company, the joint venture between the Government of the Republic of Botswana and De Beers Group, has received approval from the Debswana Board to initiate a crucial phase of the Jwaneng Underground Project, known as the Exploration Access Development.

The Jwaneng Underground Project comprises four phases: Early Works (commenced in 2022), Exploration Access Development, Phase 1 Mining, and Phase 2 Mining. The Board's approval for the second phase signifies a significant milestone, marking the beginning of underground mining at Jwaneng Mine. The Exploration Access Development phase is scheduled to begin in May 2024, with an estimated cost of BWP 13.6 Billion.

The ongoing Early Works phase involves essential preparatory activities, laying the groundwork for critical infrastructure deployment before the commencement of underground development. This includes assembling an underground mine rescue team and reinforcing safety measures. The Exploration Access Development phase aims to achieve two primary objectives: establishing a drilling platform for comprehensive sampling and evaluation of kimberlite pipes at 1,000 meters below ground level and providing the essential infrastructure for Phase 1 Mining.

Emmah Peloetletse, Permanent Secretary to the President and Debswana Board Chairperson, emphasized the strategic approach of the project, ensuring the continuous evolution of Jwaneng Mine beyond Cut 9, projected to conclude in 2033. The Board's approval and the initiation of this phase are deemed pivotal for Debswana's future prosperity, considering Jwaneng contributes approximately 70% of the company's profits.

Al Cook, De Beers Group CEO and Debswana Deputy Board Chairperson, underscored the importance of investing in underground operations for the future of Botswana, De Beers Group, and the global diamond industry. Jwaneng Mine, one of the world's largest diamond mines, plays a crucial role in the Botswana economy.

Since its inception in 1982, Jwaneng Mine has produced 443.06 million carats, with an annual average of 10.8 million carats. The current workforce comprises 2,100 employees and 3,200 contractors.

Debswana conducted feasibility studies to assess various viable underground mining alternatives to recover maximum value from resources below Cut 9. The studies indicated that mining Cut 10 as an open pit would not be economically viable, but mining Phase 1 as an Underground Mine would be economically viable. Phase 2 study work is dependent on information gathered during planned drilling and bulk sampling in the Exploration Access Development phase.

Andrew Motsomi, Managing Director of Debswana, highlighted the approval of realistic, modern, and viable underground mining options based on the latest technology and safe practices. Debswana remains committed to responsible mining, economic sustainability, and contributing to Botswana's growth and prosperity beyond 2024.

Source: The Patriot
Author: by patriot