De Beers mining company is intending to revive its mining activities in Kimberley.
— rhulani baloyi (@rhulani1baloyi) February 1, 2018
This after the company’s 16 prospecting applications for the area were approved by the Mineral Resources Department.
The diamond mining giant previously sold its mining dumps in the area to Ekapa Mining and Petra Diamonds.
The company’s Jackie Mapiloko says the approved applications are part of the 54 applications that were made by the company since 2014.
Mapiloko says the approval is a first step in getting back to Greenfield exploration.
“For the prospecting rights that have recently been granted a revised programme with costing will be developed and presented to the Board for consideration. 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 by nature is never guaranteed. ”
— De Beers Group (@debeersgroup) February 1, 2018