The De Beers Voorspoed
diamond mine under
construction
 
Johannesburg, South Africa — MININGREVIEW.COM — 09 October 2008 – De Beers – the largest diamond mining company in the world – is to open its new R1 200 million Voorspoed mine in the Free State early next month.

Reuters reports that De Beers expects Voorspoed to produce over 10 million carats – including gem diamonds and rare coloured diamonds – within a decade.

The world’s biggest diamond producer – in which Anglo American has a 45% stake – said it had been 16 years since the last kimberlite pipe mine had been unveiled in the country.
 
De Beers went on to say that the mine would be launched on 4 November, and would be the first such mine opened by the company as a broad based black economic empowerment (BEE) company.

Reuters points out that De Beers has sold off loss-making mines as part of a strategic review, and plans to focus on new higher-margin projects such as Voorspoed and its marine mining operation off the west coast of South Africa.