[miningmx.com] – DE BEERS is to sell its Kimberley tailings operations up for sale in the hope that in new hands the life of the operation will be extended to 2030, said BDLive which cited a company statement.
The publication said that the current tailings operations no longer fitted the bill of a long life mine for Anglo American, which owns 85% of De Beers.
“In the past decade the mine has taken steps to sustain the operation and succeeded in maintaining production in economically challenging times,” said Phillip Barton, the CEO of De Beers Consolidated Mines, the South African division of De Beers.
“It is encouraging that our work, to date, in considering all options, has shown that Kimberley Mines may not have to close in the near future,” he said. Kimberley delivered 722,000 carats last year. De Beers expects the operation to generate 2.4-million carats by the end of 2018.
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