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Fluor Completes $500 Million Upgrade At Botswana Diamond Mine
Sep. 19, 2012 12:58PM PST
Gem Investing
Mining Weekly reported Fluor Corporation (NYSE:FLR) on Wednesday said it had completed the $500-million infrastructure and plant upgrades at Debswana’s Jwaneng Cut 8 mine, in Botswana.
Mining Weekly reported Fluor Corporation (NYSE:FLR) on Wednesday said it had completed the $500-million infrastructure and plant upgrades at Debswana’s Jwaneng Cut 8 mine, in Botswana.
As quoted in the market news:
The upgrades formed part of Debswana’s $3-billion expansion programme at the mine.
New York-listed Fluor had been contracted to provide engineering, procurement and construction management services for the mine, which was the world’s richest diamond mine by value.
The expansion would enable the removal of overburden to allow the mine to access 91-million tons of ore that would yield about 102-million carats of diamonds and would extend the life of the operation to 2025.