{"id":41650,"date":"2024-01-10T19:08:01","date_gmt":"2024-01-10T19:08:01","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=41650"},"modified":"2024-01-10T17:19:45","modified_gmt":"2024-01-10T17:19:45","slug":"de-beers-approves-1-billion-spending-at-botswana-mine","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine","title":{"rendered":"De Beers approves $1 billion spending at Botswana mine"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year&#8217;s downturn in gem demand persists.<\/b><\/p>\n<p>The Anglo American (AAL.L) unit and the Botswana government, which jointly own Debswana Diamond Company, have approved the spending that will convert the Jwaneng pit into an underground operation.<\/p>\n<p>Debswana said in 2018 it planned an investment to extend the lifespan of the mine by 11 years from 2024. De Beers said the spending is necessary as long-term supply of rough gems is expected to tighten.Angola last year started mining at its new Luele project, the biggest in the country and one of the world&#8217;s largest by estimated resources, despite depressed diamond demand.<\/p>\n<p>&#8220;The global supply of natural diamonds is falling, so moving forward with the Jwaneng underground project creates new value for investors,&#8221; De Beers CEO Al Cook said.<\/p>\n<p>Demand for rough diamonds has been weak in recent months with India &#8211; cutter and polisher of 90% of the world&#8217;s rough diamonds &#8211; asking global miners to stop selling it gemstones to manage accumulated stocks.&#8221;This investment is aligned with our strategy to prioritise investments in the highest quality projects,&#8221; Cook said.<\/p>\n<p>De Beers last year agreed a new diamond sales pact, which will see the government&#8217;s share of diamonds from the Debswana joint venture gradually increase to 50% over the next decade.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year&#8217;s downturn in gem demand persists. The Anglo American (AAL.L) unit and the Botswana government, which jointly own Debswana Diamond Company, have [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,237,234],"class_list":["post-41650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>De Beers approves $1 billion spending at Botswana mine - Botswana<\/title>\n<meta name=\"description\" content=\"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"De Beers approves $1 billion spending at Botswana mine\" \/>\n<meta property=\"og:description\" content=\"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-10T19:08:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"De Beers approves $1 billion spending at Botswana mine\",\"datePublished\":\"2024-01-10T19:08:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\"},\"wordCount\":260,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\",\"name\":\"De Beers approves $1 billion spending at Botswana mine - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg\",\"datePublished\":\"2024-01-10T19:08:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg\",\"width\":1170,\"height\":600,\"caption\":\"De Beers approves $1 billion spending at Botswana mine\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"De Beers approves $1 billion spending at Botswana mine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"De Beers approves $1 billion spending at Botswana mine - Botswana","description":"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine","og_locale":"en_US","og_type":"article","og_title":"De Beers approves $1 billion spending at Botswana mine","og_description":"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-01-10T19:08:01+00:00","og_image":[{"width":1170,"height":600,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"De Beers approves $1 billion spending at Botswana mine","datePublished":"2024-01-10T19:08:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine"},"wordCount":260,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine","name":"De Beers approves $1 billion spending at Botswana mine - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg","datePublished":"2024-01-10T19:08:01+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Global diamond giant De Beers said it will go ahead with a planned $1 billion investment to extend the life of its fl ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/01\/sm_1704894091.73032.jpg","width":1170,"height":600,"caption":"De Beers approves $1 billion spending at Botswana mine"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/de-beers-approves-1-billion-spending-at-botswana-mine#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"De Beers approves $1 billion spending at Botswana mine"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/41650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=41650"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/41650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/41649"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=41650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=41650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=41650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}