The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

Yesterday

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

Jwaneng Mine Cut 9 project to create thousands of Jobs – Botswana President

21 november 2019

The Jwaneng Mine’s Cut 9 project, which seeks to extend the life of the mine from 2028 to 2035, is expected to create thousands of jobs for locals.
President Mokgweetsi Masisi said during the State-of-the-Nation address that the project, which commenced in April 2019, would employ 1 153 people at peak of production of which 98% will be Batswana.
"The Jwaneng Cut 9 project will bring about benefits including the establishment of a Mining Equipment Component Rebuild Centre in Botswana,” he said.
“The Debswana Mining Company is also planning to reopen the Apprentice and Artisan Training Centre." 
Jwaneng mine currently employs 4 756 people of which 4 671 were citizens.
Meanwhile, Masisi said Debswana was conducting a feasibility study at the Letlhakane mine to evaluate options of going underground.
He said Lucara Botswana is also conducting a feasibility study at the Karowe mine with a strategic plan to go underground in 2023 to increase the lifespan of the mine to 2041.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished