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De Beers’ diamond exploration may soon come to an end, owing to government issues

Grinding to a Halt

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Creamer Media Editor
The exploration programme of De Beers Consolidated Mines (DBCM) is grinding to a halt owing to the ongoing issues the iconic diamond mining company is experiencing with South Africa’s Department of Minerals Resources. The hold up of as many as 54 prospecting licence applications for as long as two years as well as Mining Charter Three deal-breakers, DBCM is unlikely to continue budgeting between R30-million to R40-million a year for greenfields diamond exploration in South Africa. (Also watch attached Creamer Media video).

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