Construction Begins at Venetia Underground
De Beers began construction of a new underground diamond mine beneath its open-pit
Venetia mine in Limpopo province, South
Africa, on October 22. The $2 billion (R20
billion) investment will extend the life of
Venetia operations beyond 2040, and the
underground mine will replace the Venetia
open pit as South Africa’s largest diamond
mine. Mine development will include the
sinking of two vertical shafts and a decline
shaft to a depth of 1 km. Underground production is expected to begin in 2021 and
will extend into the 2040s.
The underground mine will produce a
total of about 130 million mt of ore containing an estimated 96 million carats of
diamonds over its mine life. The mine will
directly support more than 8,000 jobs and
a further 5,000 through the supply chain.
In South Africa, De Beers operates
through De Beers Consolidated Mines
(DBCM), a 74/26 Black Economic Empowerment (BEE) partnership with Ponahalo Holdings. DBCM manages the Venetia
mine, the Voorspoed mine, and the ongoing recovery of diamonds from the
Kimberley tailings dumps.
As featured in Womp 2013 Vol 11 - www.womp-int.com