World’s Richest Piece of Land Located in…



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The title “world’s richest piece of real estate” may conjure up
images of Rodeo Drive, the French Riviera or New York City’s Fifth
Avenue, but it may actually be located in …
..Botswana.

According to Debswana, a mining conglomerate jointly owned by De
Beers and the Botswana government, the richest piece of land on the
planet may very well be the Jwaneng diamond mine, one of the world’s
five super pits.

“Jwaneng mine is the most valuable diamond mine in the world by
value,” says Esther Kanaimba-Senai, the head of corporate affairs
for Debswana in Botswana. “Each carat that we mine fetches a lot more
money. … In addition the volume that we produce lends itself to be the
most valuable mine in the world.”

The Jwaneng mine produces about 10-million carats a year, and now
they’re about to embark in a super project to go even deeper into the
earth to increase output.

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The mine currently runs 1,150 feet below the earth’s surface and is
already in the process of Cut 8, a $3.4-billion dollar operation to push
back one edge of the pit to expand mining.
The new massive earth-moving operation — called Cut 9 — if approved, could drive the mine 28 hundred feet below the earth’s surface and require moving 1 billion tons of rock.

Kanaimba-Senai hesitates to give specifics on what Cut 9 may
accomplish, as they are currently doing a land survey and approval for
any plan is still several months away, but the most valuable piece of
land on earth may prove to be even more valuable than in years past.

“I can’t tell you how many of them are there, all I know is that it
will be sufficient to be able to propel the economy of this country.”


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 (Credit: Chris Ratcliffe/Bloomberg/Getty Images)

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