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De Beers Expands Diamond Mine
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De Beers approves $1 billion spending to convert Jwaneng pit into an underground operation, extending mine's lifespan by 11 years. The investment aligns with De Beers' strategy to prioritize high-quality projects, amidst tightening global natural diamond supply.
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How does De Beers' investment in the Jwaneng mine reflect broader trends in the global diamond industry?
How might the extension of the mine's lifespan impact local economies and job opportunities?
What are the potential environmental implications of converting the pit into an underground operation?
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