De Beers Investing US$2 bn+ Converting Venetia Mine

Mining and Exploration
23/04/2015 11:56

De Beers is currently investing over US$2 billion in converting the Venetia open pit mine in South Africa into an underground operation. Extending production at the site to 2043, with the potential to deliver an estimated 96 million carats[1], the project is the biggest capital investment in South Africa in the company’s history. It is on track for production to commence in 2021.