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This Spotlight gives a brief summary of the proposed 1991 tax amendments of relevance to mines and mining houses. It should be read together with the author's article South African mining tax in the 1990's', which appeared in the August 1990 issue of this Journal. A number of tax amendments of relevance to the mining industry were proposed by the Minister of Finance in his March 1991 budget speech. In addition, certain other measures that may be implemented were set out in the budget review document released at the same time. A word of caution is necessary: these measures will become law only if and when they are enacted in the appropriate legislation. When this legislation is tabled in June, it may not contain all of the measures discussed below, some of the measures may appear in modified form, and other measures not discussed at the time of the budget may well appear. Unless otherwise stated, the 1991 tax amendments will affect companies with years of assessment ending in the twelve-month period to 31st March, 1992.

Jan 1, 1991

By B. Ceki, A. Mabentsela

The BCL furnace is scheduled to restart operations after being placed on care and maintenance in 2016 due to depressed nickel prices. The decision to start operations after such a stoppage ought to be led by a techno-economic evaluation of process options to make operations more resilient. For BCL, the decision lies between using the existing flash-smelting furnace (FSF) or a top-submerged lance (TSL) furnace. Available studies show that the FSF combined with other converting technologies is cheaper to operate; however, such studies are based on flowsheet simulation results of single copper concentrates and therefore do not provide a full scope of practical capabilities based on smelter operator skills. Using a t-test on normalized prior operational data from three Cu FSF and two Cu TSL, it was found that the only statistical differences between the operating costs of the FSF and TSL technologies are in the coal use for heating the feed blow and number of rebuilds: the FSF consumes coal to heat the feed blow and the TSL requires 2.4 rebuilds during a course of a single FSF campaign. A summative operating cost comparison over the existing BCL FSF 11-year life shows that BCL can decrease operational costs by some BWP 55.5 million if the operation were to change to the newer TSL technology. The savings derive from reduced coal use, which is normally associated with heating the blow when using the FSF. Despite the TSL carrying added costs of 2.4 rebuilds during a life time of one FSF furnace campaign, the cost associated with the TSL rebuilds of approximately BWP 1.3 million is minimal compared with the overall operational expenditure decrease that BCL will incur on using the TSL technology. In terms of the technology, BCL can have higher Ni–Cu recoveries at lower operational costs by elimination of Ni–Cu losses and eliminating the slag-cleaning furnace by converting to a TSL furnace.

Jul 10, 2024

By A. Chuma, K. J. Nyembwe, H. Simonsen, J. H. Potgieter

Different concentration techniques were evaluated for preconcentration of a mineral ore at a coarser size to avoid energy and resource wastage. Specifically, the aim was to reduce milling costs and energy required in the beneficiation of tin. In this study, cassiterite (0.17% Sn) was the mineral of interest in a pegmatite ore body associated with quartz (SiO₂ > 60%) and alumina (Al₂O3 > 20%). Three concentration techniques, namely dense media, shaking table, and flotation, coupled with characterization analysis, were used to assess the concentration response. The results confirmed that particle size and mineral liberation impact the separation process. High recovery and grade were obtained with gravity concentration methods (dense media and shaking table) for coarser (+300 to +212 μm) and intermediate (+150 to +53 μm) particle sizes. Lower recovery and grade were identified for much finer sizes (−53 to −38 μm). Flotation produced a high-grade product at a relatively low recovery and appeared to be only applicable to finer grains. Separation efficiency based on Schulz’s equation measured a segregation performance of 74.8% for dense medium separation and 60.7% for the shaking table for the coarse and intermediate particle sizes. Flotation only achieved a separation of 30%–40%. The results suggest that use of dense media separation as a rough preconcentration method prior to further grinding, and the utilization of a more advanced concentration technique for mineral recovery and upgrade, constitute a successful approach to improve process economics.

Apr 14, 2024

By B. Genc

Improving student success rates without compromising the quality of graduates is one of the biggest challenges expanding university programmes are facing in South Africa. By establishing a new Mine Design Laboratory (MDL) for higher learning in Mining Engineering, the School of Mining Engineering at the University of the Witwatersrand (Wits Mining) has achieved one of the important goals in its five-year strategic plan, i.e. to improve throughput in all years of study. Although the establishment of the laboratory has been a costly exercise, results so far have shown an improved success rate in most subjects taught in the facility. This paper outlines the design and equipment of the laboratory, the facilities incorporated, a comparison with the old laboratory, and the performance of students?all of which indicate how important it is to have proper facilities to improve the teaching of, and learning by, large classes. Through this initiative, Wits Mining has taken an important step that will contribute to addressing the skills shortages in the mining industry.

Jan 1, 2012

By R. Pipeleers

Recent experience has shown that all underground workplaces in the Campine Coalfield in Belgium will require controlled cooling within three years. Considering the socio-economic and legal importance of the climatic problems underground, IREA has undertaken studies in forecasting the climate of future workplaces, planning the necessary cooling equipment and optimizing efficiency in the existing cooling equipment. These studies are being carried out using the climate forecasting program of Bergbau-Forschung. So far, the German model has been obliged to utilize manually measured data from a few workplaces in the Campine. As the model does not fit very well with these measurements, it has been thought necessary to' develop a system of continuous data acquisition and transmission. This system is being tested in the Beringen mine of the N.V. Kempense Steenkollenmijnen. In the first part of this paper the digital tranmission system is described; in the second the sensors used to collect the necessary climatic data are presented, and in the third some results are given.

Jan 1, 1987

By M. Z. Naghadehi, E. Emami, J. Sattarvand, R. Battulwar

In this paper, a methodology for a computerised recognition of joint sets on 3D point cloud models of rock masses is presented. The process starts with classifying joints on a 3D rock mass surface through training a deep network architecture and validated using manually labeled datasets. Then, individual joint surfaces are identified using the Density-Based Scan with Noise (DBSCAN) clustering algorithm. Subsequently, the orientations of the identified joint surfaces are computed by fitting least-square planes using the Random Sample Consensus (RANSAC). Finally, the joint planes are classified into different joint sets, and the dip direction and dip angle for each set are calculated. The performance of the proposed methodology has been evaluated using a case study. The results show that the presented procedure is fast, accurate, and robust.

Sep 1, 2021

By M. S. Shishvan, J. R. van Duijvenbode

The results of dig limit delineation in open pit mining are never truly optimized due to gaps in the underlying data, such as insufficient sampling. Aside from the data uncertainty, there is also an influence on the final dig limit by either humans or by the heuristic character of an optimization method like simulated annealing. Several dig limit optimizers have been published, which can replace the manual dig-limits designing process. However, these dig limit designs are generally not adapted to account for this heuristic character. In this paper we present a stochastic analysis tool that can be used with the results of heuristic dig-limit optimization to increase confidence in the obtained results. First, an enhanced simulated annealing algorithm for dig limit optimization is presented. Then, this algorithm is tested on ten different blasts at the Marigold mine, Nevada, USA, as a case study. Finally, the results are analysed with a destination-based ensemble probability map and an analysis conducted of the final solution data distribution. The generated dig-limit designs of the algorithm include high revenue areas that are excluded in comparable manual designs and show improved objective and revenue values. The analysis tool provides block destination probabilities and box plots with the distribution of opportunity value for the dig limit. Furthermore, with the analysis tool, it is possible to make well-informed design decisions in areas of uncertainty.

Dec 13, 2022

By B. O. Odera

The Pt-based alloys have a high potential for replacing some Ni-based superalloys (NBSAs) used in the highest temperature and most aggressive environments, and vanadium would be a beneficial alloying element. Six alloys of average compositions Pt-26.6Al-9.1V, Pt-23.1Al-17.8V, Pt-9.6Al-21.1V, Pt-17.4Al-6.4V, Pt-22.3Al-7.9V, and Pt-6.0Al-10.1V (all in at.%) were manufactured by arc-melting and examined in the as-cast condition using scanning electron microscopy and X-ray diffraction (XRD). Five samples were heat treated at 1 000°C for 1 500 hours and water quenched, then examined. The phases were identified using energy-dispersive X-ray spectroscopy and the identities were confirmed by XRD. In most of the samples, the phases existing in the as-cast condition were different from those at 1 000°C after ~1500 hours heat treatment. A solidification projection, an isothermal section and a liquidus surface projection were determined for the Pt-rich corner.

Jan 1, 2012

By J. J. Botha

As a Demand Side Management (DSM) Project, money was granted for the procurement and installation of a 3-Chamber Pipe Feeder System (3-CPFS) at AngloGold Ashanti?s Moab Khotsong Mine in the Vaal River Area, Orkney. The first submission was done to ESKOM in December 2002 and the contract was signed in September 2006 at a cost of R 57-million with an envisaged reduction in power of 7 Megawatt per month based on a 90% utilization factor. The project was finally commissioned in December 2008. The technology is not new, but the intent of the paper is to share with others the experience gained by using the technology in a deep-level mine in order to reduce overall power consumption.

Jan 1, 2009

By R. B. Ngenda

The ?Kolwezi Zinc Plant?, in French ?Usines à Zinc de Kolwezi? (UZK), has produced about 910 000 dry metric tons of residues during the hydrometallurgical treatment of calcines from sulphide zinc concentrates. The zinc hydro plant residues contain on average 19.47% Zn, 2.7% Cu, 2.1% Pb, 26.6% Fe, 0.12% Cd, 0.39% As, 157ppm Ag, 447.8 ppm Ga, 475.4 ppm Ge, etc. This material was dumped in five ponds in the vicinity of the plant. The high Fe content in the ore concentrates induced important conversion of some of zinc and copper into ferrites during the roasting process. Those ferrites are very stable compounds, which are difficult to leach with dilute sulphuric acid solution. Therefore, they mainly report to the leaching residues. Hot leaching has been successfully applied to the treatment of zinc hydro plant residues. The method, however, presents the disadvantage of simultaneously dissolving iron(Fe). It is then necessary to remove an important iron quantity from solution prior to zinc and other metals recovery.

Jan 1, 2009

By B. G. Meyburgh

E. H. D. Carman: The results achieved at Buffelsfontein Gold Mining Company Limited are very encouraging and it seems certain that as far as the conventional uranium recovery process is concerned solvent extraction must entirely supplant the old resin ion exchange process. The operational costs given by Mr Meyburgh indicate that the chief cost items in solvent extraction are reagents. In other words 38.4 per cent of the operational cost at Buffelsfontein is due to the replacement of the organics lost from the plant. It is reported from a wide field of experience that loss, particularly of amine, is a direct function both of the quantity and nature of finely divided suspended solids in the pregnant solution and the extent to which the design of the mixers causes the formation of secondary dispersions which do not easily separate in the settler. There is in addition the unavoidable loss of amine due to its solubility in the aqueous solution which is thought to be about 4 p.p.m. In order to minimise solvent losses therefore, efficient clarification at the head of the solvent extraction plant would appear to be a most important requirement. For this reason the newly erected plant at West Driefontein Gold Mining Company Limited has two Funda Pressure Filters each with a filtering area of 540 sq. ft. which are together designed to handle up to 440 g.p.m. of filtrate. This plant has not yet been commissioned but preliminary testing indicates that suspended solids in the sub micron size range which do not settle even on protracted standing of the solution, will rapidly blind the clarifiers. This should not affect solution clarity but frequent backwashing adds to the cost of precoating. The difficulty was countered in the laboratory with continuous additions of filter aid in addition to the precoat but, as Table 11shows, cost of filter aid is high and its use will have to be optimized against organic losses due to less efficient clarification. This will need much careful observation over a relatively long period of time. Costs shown in Table 11 are based on Mr Meyburgh's figures adjusted to probable conditions at West Driefontein Gold Mining Company Limited. The assumption based on small scale testing is that it will cost 5.2c/ton in filter aid to clarify filtrate to a level of about 5 p.p.m. of suspended solids, in order to restrict the amine loss to 10 p.p.m. which is likely to be equivalent to an entrained organic loss worth approximately only 2.6 cents per ton. Of course poor clarification as mentioned earlier is only one of two or even more causes of organic losses and it seems obvious on the above basis that the operation and economics of pressure clarification will need close investigation. A second important consideration at West Driefontein has been the design of the pump-mixers which must perform the dual function of phase mixing and providing the necessary hydraulic gradient for counter current flow of the two phases. The arrangement is shown in Fig. 1.

Jan 10, 1970

OFS Branch Committee Meeting held in the Committee Room at the Welkom Club at 4.15 p.m. on Wednesday, 5th March, 1975. Progress in mineral dressing The National Institute for Metallurgy and the South African Institute of Mining and Metallurgy are to hold a symposium on 17th and 18th September, 1975, entitled 'Recent Progress in Mineral Dressing'. INFACON 74 This book of over 300 pages is a record of the First International Ferro-alloys Congress, which was held in Johannesburg from 22nd to 26th April, 1974, under the auspices of the Ferro Alloy Producers' Association of South Africa, the National Institute for Metallurgy, and the South African Institute of Mining and Metallurgy. NIM reports Report no. 1595 Preliminary tests on low-grade brecciated fluorspar ore from the Ottoshoop district. (5th Nov., 1973, declassified April 1975). Report no. 1612 Flotation tests on sulphide-bearing high-grade brecciated and wad ores. (20th Mar., 1974, declasl>ified April 1975). Report no. 1643 Further tests on low-grade brecciated fluorspar ore from the Ottoshoop district. (12th Jul., 1974, declassified April 1975). Report no. 1654 The determination of osmium in platiniferous media. Report no. 1689 The determination, by atomicabsorption spectrophotometry, of arsenic, selenium, tellurium, antimony, and bismuth on ion-exchange restns. Report no. 1715 Flotation tests on various types of ore from the Ottoshoop district Report no. 1730 The chromitite from the Marico occurrence, western Transvaal, its alteration, and possible reasons for its refractory nature. Report no. 233 A chemical and mineralogical study of microlite from the N oumas pegmatite. 24th Geomechanics Colloquy The above Colloquy is to be held on 2nd and 3rd October, 1975, in the Salzburg Congress Hall. Rosenhain centenary The centenary of the birth of WaIter Rosenhain (1875-1934) will be celebrated by an international conference to consider how physical metallurgy has contributed to engineering practice. Iron and steelmaking The Centre de Recherches Metallurgiques (CRM) and the Verein Deutscher Eisenhiittenleute (VDEh) are jointly to hold the International Meeting on Iron and Steelmaking 1976 in Brussels from 17th to 18th May and in Diisseldorf from 20th to 21st May, 1976. International Symposium on Mine Surveying The III I.S.M. is being held in Leoben, Austria, from 28th June to 3rd July, 1976. Book review Tenth International Mineral Processing Congress. 1973. London, The Institution of Mining and Metallurgy. 1208 pp. £20. Particles A course on particle characterization and a symposium on experience in the applications of particlesize analysis will be held during the last week of July in Pretoria and Johannesburg. A.S. & T.S. Trust The A.S. & T.S. Trust was formed on 24th March, 1972, to mark the Golden Jubilee year ofthe Associated Scientific and Technical Societies, with the object of advancing science and technology in South Africa. Second International Congress of Engineering Geology The Proceedings of the above Congress, which was held in Sao Paulo, Brazil, from 18th to 24th August, 1974, are now available.

Jan 6, 1975

By F. H. Deist, M. P. Roberts

"The Collieries Research Laboratory of the Chamber of Mines of South Africa is developing a coherent system of programs to aid in the full spectrum of activities arising in the planning of new as well as operating mining enterprises. It is the purpose of this paper to describe the design and application of two subsystems in the complex.One of these subsystems is an initial version of a production simulator. This program draws upon a model of a mining enterprise and simulates the operational and financial aspects of a set of alternative mine production plans.These plans are specified in terms of proposed sequences of operations. Details such as reserves, production rates, resource requirements and so on, are taken from the model.Physically, the model takes the form of a cross-referenced data base, maintained by means of a general file maintenance system which is another subsystem described.The paper concludes with a description and analysis of the first practical application of the two programs."

Jan 1, 2014

By Y. Chen, D. He, J. H. Potgieter

The demand for rare earth elements (REE) is increasing rapidly owing to the emergence of new cleanenergy and defense-related technologies. China’s dominates the world production of REE. In this paper, we review the ore characteristics of four typical REE deposits in China and discuss the conventional beneficiation techniques, including gravity and magnetic separation, flotation, and hydrometallurgical processing of these ores. Some of the latest laboratory findings and industrial applications, as well as the development of novel reagents for REE processing in China are presented. The REE beneficiation technologies developed and employed in China could constitute a good case study for many other emerging projects being explored around the world.

Mar 2, 2022

By E. Van Der Lingen

This paper provides a review on coloured gold, platinum, andpalladium intermetallic compounds, and discusses the models thatwere developed to obtain these materials. These compounds have acrystal structure of high symmetry, such as the CaF2or CsClstructures, ensuring distinct electron band structures. Variousexamples of coloured gold, platinum, and palladium intermetalliccompounds are provided. More in-depth discussion is provided on thepurple gold (AuAl2) and yellow platinum-aluminium (PtAl2)compounds with CaF2structure, as well as the purplish-pinkpalladium-indium (PdIn) compound with CsCl structure. Precious metal intermetallic compounds are used in jewellery andprovide a new dimension to design. Some of these compounds havealso found use as barrier coatings on turbine blades for jet engines,and more recently, research has been conducted into their potentialuse as catalysts, electro-catalysts, sensors, capacitors, and fordecorative coatings.

Jan 1, 2014

By P. O. Akinseye, F. T. Cawood

Mineral royalties are one of the oldest forms of mining taxation, and were initially introduced to extract economic rents from mining. Over time, the royalty regime has become more complex as it was identified as an important policy instrument that can achieve more multi-faceted outcomes. Such a multi-tiered approach in the use of the royalty instrument is also the case with South Africa. With South Africa’s new mineral royalty regime now in place for ten years, it is perhaps time to assess its impact and effectiveness. To carry out this assessment, an econometric evaluative study was undertaken using four major commodities in South Africa, namely gold, platinum, iron ore, and coal. The study explored five different policy options for government to consider and tested them to determine the most favourable one that will realize the regime’s policy objectives. After the assessment, two major options stood out. Hence, this paper seeks to highlight which of the two options is the most favourable for consideration by policymakers. Based on that study, we find that the current structure is effective, but also recommend that the factors in the formula for refined minerals be ‘modified’ to reduce the capped profitability ratio from the current 60% to 30% and the maximum royalty rate for refined minerals from 5% to 3%. The minimum rate of 0.5% during times of depressed mineral prices and no or low profitability will not be affected.

Dec 1, 2021

By B. Matsetela, S. Amos, V. Nkuna

"The Kamoa-Kakula copper project—a joint venture between Ivanhoe Mines, Zijin Mining Group Co. Ltd, and the government of the Democratic Republic of Congo—has been independently ranked as the world's largest undeveloped high-grade copper discovery by international mining consultant Wood Mackenzie. It is a very large, near-surface stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 km west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. A phased development approach is currently envisaged. The first phase of the project involves the development of a 6 Mt/a underground mine and surface processing complex (dual stream concentrator) at the Kakula deposit, a discovery announced in early 2016. The second phase involves an integrated 12 Mt/a two-stage development, beginning with initial production from the Kakula mine, to be followed by a subsequent, separate underground mining operation at the nearby Kansoko mine, along with the construction of a smelter. Project description and locationThe Kamoa–Kakula project comprises a newly discovered, very large stratiform copper deposit with adjacent prospective exploration areas, located within the Central African Copperbelt in Lualaba Province, Democratic Republic of Congo (DRC). The Kamoa–Kakula project lies approximately 25 km west of the town of Kolwezi and about 270 km west of Lubumbashi. Ivanhoe owns a 49.5% share interest in Kamoa Holding, an Ivanhoe subsidiary that currently owns 80% of the project. Zijin Mining owns a 49.5% share interest in Kamoa Holding, which it acquired from Ivanhoe in December 2015 for an aggregate cash consideration of US$412 million. The remaining 1% interest in Kamoa Holding is held by privately-owned Crystal River.The Kamoa–Kakula project consists of the Kamoa exploitation licences (exploitation permits 12873, 13025, and 13026, which cover an area of 397.4 km2) and one exploration licence (exploration permit 703 covering an area of 12.74 km2). The Kamoa exploitation licences, approved 20 August 2012, grant Kamoa Copper the right to explore for, develop, and exploit copper and other minerals, for an initial 30-year term, expiring on 19 August 2042. The permits can then be extended for 15-year periods until the end of the mine’s life."

Nov 1, 2018

By N. V. Moraka

In dealing with transformational aspects, the South African Constitution aspires for a balance between attempts to broadly represent the country’s demographics in the way in which organizations are structured and the need to maintain the necessary skills to ensure continual retention of skills for optimum and efficient organizational performance. Through the Mining Charter, government aimed to redress gender and racial imbalances in the mining industry as part of transforming the demographic representation of mining companies to include black people, women, and people living with disabilities in all job levels up to top management. While the Constitution calls for an appropriate balance between demographic representation and competency, this aspiration for mining poses challenges for companies due to the proficient and competent skills needed in this industry. To this end, the South African mining industry has been subjected to substantial criticism from government regarding the slow progress of transformation. The mining industry justifies its slow pace of transformation by pointing at inconsistent, varying legislation and definitions governing transformation, limited skills available from historically disadvantaged groups, and cautioning not to compromise the sustainability of mining companies by marginalizing white males and white youth with the objective of addressing racial imbalances. This lack of understanding between industry and the government has led to considerable confusion regarding the accountability of stakeholders in transforming the industry. This article presents the perspectives of ten mining executives on transformation in the South African mining industry. The theoretical description of transformation, as well as other mining stakeholders’ interpretations of transformation. is presented. Qualitative data from interviews with mining executives demonstrates their understanding of transformation through rich descriptions, interpretations, and implications in their contexts. The findings demonstrate that transformation in the mining industry is not simply about race and gender, but about cultural change, a change in mind-sets, embracing diversity, equalizing rights and opportunities, and attaining social justice. Moreover, transformation is clearly a gradual process. The article concludes with a recommendation for the definition of transformation to be corroborated with the views of mining executives and that of the Constitution of South Africa. This will create an overarching, simplified definition of transformation that can be accepted and interpreted by all stakeholders.

Jan 1, 2016

By W. R. Matizamhuka

"The consolidation of nano-sized composite materials presents a challenge using conventional hot pressing methods. Spark plasma sintering (SPS) technology has shown great promise in the successful sintering of nanoreinforced composite materials. This qualitative review seeks to impart knowledge gathered, and progress made over the years on the consolidation of nanocomposite materials using SPS technology. The review is aimed at introducing this technology to the South African science and engineering community. Emphasis is on improving the mechanical properties of structural ceramic nanocomposite materials, which over the years have shown great promise in a wide range of applications, including transport, energy, mining, and the environment. Although success has been achieved within the laboratory for research purposes, there are still great opportunities to commercialize the technology for the production of larger components with more complex shapes.IntroductionSince the pioneering work of Niihara and Nakahira (1991) over a decade ago there have been extensive attempts to harness the potential of nanostructural metals, ceramics, and composites in a number of applications (Niihara and Nakahira, 1991; Selaho et al., 1997; Sekino and Niihara, 1995; Khalil, 2012; Aalund, 2008). It is generally realized that reducing the grain size of materials to nanoscale offers a significant improvement in properties. Attempts to synthesize nanostructured compacts by conventional sintering methods have not succeeded owing to the uncontrollable high rates of grain growth driven by long dwelling times at the sintering temperatures and large powder surface areas (Sergueeva et al., 2009; Gua, Khora, and Chieng, 2004; Tang et al., 2009). Following the development of spark plasma sintering (SPS) technology, it is now possible to process nanocrystalline materials with controlled grain growth. SPS, also referred to as the field-assisted sintering technique (FAST) or pulsed electric current sintering (PECS), was developed with the aim of improving on the well-established hot pressing (HP) technology (Kessel and Hennicke, 2007;"

Jan 1, 2016

By T. Khumalo, L. Musenwa, S. Masemola, M. Kgaphola

"In 2017, Petra Diamonds completed the construction and commissioning of a modern, fit-for-purpose diamond processing plant at Cullinan Diamond Mine (CDM). The design of CDM’s milling circuit is unconventional in that it comprises an autogenous (AG) mill with a grate discharge with large ports, low-revolution jaw crushers, and high-pressure grinding roll crushers with large operating gaps. In this paper we review the design to provide guidance on what is expected from the milling circuit and to demonstrate how the design aims to address challenges experienced in the old plant, which was based on staged crushing technology. We assessed the performance of the CDM AG milling circuit from commissioning and early production stages to examine its impact along multiple dimensions. In the assessment we sought to understand the lessons from our milling circuit regarding diamond liberation, energy consumption, and the future of diamond processing as a whole. IntroductionCullinan Diamond Mine (CDM), previously known as Premier Mine, is an underground diamond mine owned by Petra Diamonds. Petra Diamonds is a leading independent diamond mining group and a growing supplier of rough diamonds to the international market. Petra Diamonds is listed on the Main Market of the London Stock Exchange under the ticker ‘PDL’. Petra’s total resource of 305 million carats ranks third by size after De Beers and ALROSA (Petra Diamonds, 2018).CDM was established in 1902. The mine rose to prominence in 1905, when the 3106 carat Cullinan Diamond — the largest rough diamond of gem quality ever found — was discovered there. The mine has produced over 750 stones that are larger than 100 carats and more than a quarter of all the world's diamonds that are larger than 400 carats. Cullinan is renowned as a source of large, high-quality gem diamonds, including Type II stones, as well as being the world’s most important source of very rare blue diamonds (Petra Diamonds, 2018)."

Feb 1, 2019