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The Diamond Trading Company (DTC) is the rough diamond sales and distribution arm of the De Beers Group. The DTC sorts, values and sells about 35% of the world’s rough diamonds by value. [ 1 ] The DTC has a combination of wholly owned and joint venture operations in South Africa (DBSSSA), Botswana (DTCB and DBGSS), and Namibia ( NDTC ).
The sixth-largest diamond in the world, the Jubilee, found at the Jagersfontein Mine. Jagersfontein Mine / ˌ j eɪ ɡ ər z ˈ f ɒ n t eɪ n / was an open-pit mine in South Africa, located close to the town of Jagersfontein and about 110 kilometres (68 miles) south-west of Bloemfontein.
This list of mines in South Africa is subsidiary to the list of mines article and lists working, defunct and future mines in the country and is organised by the primary mineral output. For practical purposes stone, marble and other quarries may be included in this list.
Between 2002 and 2005 De Beers invested R50 million in developing the Big Hole into a tourism facility, based on the idea of creating "a lasting legacy for the people of Kimberley". The new facility, the Big Hole Kimberley, and its theme of "Diamonds and Destiny", was expected to double visitor numbers to the Big Hole. [13] [14]
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]
The open cast mine is one of De Beers’ six remaining diamond mines in South Africa and the only major diamond mine to be developed in the country during the past 25 years. As such, the mine represents one of De Beers’ single biggest investments in South Africa. The mine was opened in 1992 by Harry Oppenheimer, a former De Beers chairman.
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