12 °c
London
Saturday, July 2, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Botswana’s Debswana Mining terminates contract with Australia’s Thiess

Staff by Staff
January 13, 2021
in Africa, Botswana, Diamond, Mining
Reading Time: 1 min read
821 17
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Debswana Mining Company, owned by De Beers and the Botswana government, said on Tuesday it has terminated a US$1.3B contract with a unit of Australia’s Thiess to extend the lifespan of its Jwaneng diamond mine and will carry out the project in-house.

Debswana, among the world’s largest diamond producers, declined to provide a reason for terminating the contract for the extension project, known as Cut 9, which was awarded to Majwe Mining in 2019.

The nine-year project is expected to extend the life of Debswana’s flagship mine to 2035, yielding an estimated 53 million carats of rough diamonds.

“The Cut 9 operation will transition to an owner-mining operation, with some of the key services and resources, such as labour, being provided by contractors/service providers to Jwaneng Mine,” Debswana’s head of corporate affairs, Rachel Mothibatsela, said in a statement.

Also read: De Beers extends 10-year Botswana sales deal

Debswana originally signed a 1.7 billion Australian dollar ($1.31 billion) contract with Majwe Mining, a joint venture 70% owned by Australian mining services firm Thiess and 30% held by citizen-owned firm Bothakga Burrow.

Debswana has been hit by the impact of the coronavirus pandemic, which has dented demand for diamonds, and the company’s production fell 29% to 12.3 million carats in the first nine months of 2020.

Source: Reuters

Related

Tags: BotswanaBotswana’s Debswana Mining terminates contract with Australia’s ThiessDebswana Mining CompanydiamondDiamond mineJwaneng diamond mineMiningThiessботсванаبوتسواناボツワナ博茨瓦纳
ScanSendShare335Tweet210Share59Pin76Send
Staff

Staff

Related Posts

Weekend

Travel – The top sushi restaurants in Kenya

by FurtherAfrica
July 2, 2022
Weekend

20 international footballers vacationing in Africa

by See Africa Today
July 2, 2022
Travel

Uganda Airlines wins big with landing rights in China

by See Africa Today
July 2, 2022
Empowerment

63 year old lady farmer in Ghana wins WOFAGRIC Awards

by Farmers Review Africa
July 2, 2022
Agriculture

African youth consider agriculture unattractive – Experts

by The Exchange
July 1, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Weekend

Travel – The top sushi restaurants in Kenya

by FurtherAfrica
July 2, 2022
0

Restaurants specialising in sushi in Kenya are spreading all over the country. There are plenty of Japanese restaurants where you...

Read more

20 international footballers vacationing in Africa

July 2, 2022

Uganda Airlines wins big with landing rights in China

July 2, 2022

63 year old lady farmer in Ghana wins WOFAGRIC Awards

July 2, 2022

African youth consider agriculture unattractive – Experts

July 1, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,549 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?