DE BEERS PLANS TO REVIVE DIAMOND MINING ACTIVITIES IN KIMBERLEY, SOUTH AFRICA

JOHANNESBURG– Diamond industry giant De Beers intends to to revive its mining activities in Kimberley in South Africa’s.

This comes after the company’s 16 prospecting applications for the area were approved by the Mineral Resources Department. The diamond mining giant had previously sold its mining dumps in the area to Ekapa Mining and Petra Diamonds.

De Beers spokesperson Jackie Mapiloko said Thursday that the approved applications are part of the 54 applications which were made by the company since 2014.

Mapiloko said the approvals represented a first step in getting back to greenfield exploration by the company.

For the prospecting rights that have recently been granted, a revised programme with costing will be developed and presented to the Board for consideration,” he added.

“De Beers continues to view exploration in South Africa as a high focus and applying new technology to the new areas while leveraging off the historical data is a good recipe for success.

“While De Beers is optimistic about the future of exploration in South Africa, the company remains cautious since the success of exploration is by nature never guaranteed.”

Source: NAM NEWS NETWORK