Friday, December 14, 2012

Latest in Diamond News

Today's post is an article I recently found in the world of Facebook.  Don't worry, I checked my sources, and The Israeli Diamond Industry is entirely legit.  This is a news article released by The Israeli Diamond Industry concerning De Beers' diamond mine in Botswana.  Obviously credit for the writing goes to the fine writers at The Israeli Diamond Industry.

DIAMOND NEWS

BOTSWANA'S JWANENG DIAMOND MINE FLOODED

13.12.12, 10:06 Mining
diamond
De Beers Enlarge 
Pre-shift inspection of the 50 ton Terex RH 200 shovel at Venetia Mine
Heavy rains have flooded production areas of De Beers' Jwaneng diamond mine in Botswana. The floods stopped some of the mining activities, leading to production delays.

In the past few weeks the area had a large amount of rain, "probably more than half our annual rainfall we would expect from now until April," the company told IDEX Online.

According to one unconfirmed report, the bottom of the pit is submerged in a few meters of water, and serious production delays are expected.

"Some production areas were temporarily flooded, however our current dewatering systems have removed the water and enabled production to continue without significant delay. Other production areas were not affected," a Debswana spokesperson said.

At this point it's not clear how this will affect rough diamond supplies in the near-term, if at all.

Typically during the October to April rainy season the roads leading to the pit become slippery.

Jwaneng is one of the diamond industry's largest and most prolific mines. Last week De Beers and Botswana celebrated 30 years of diamond production at the diamond mine.

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