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Journal of the Southern African Institute of Mining and Metallurgy
On-line version ISSN 2411-9717
Print version ISSN 2225-6253
Abstract
MCKECHNIE, W.F.. Diamond exploration and mining in southern Africa: Some thoughts on past, current and possible future trends. J. S. Afr. Inst. Min. Metall. [online]. 2019, vol.119, n.2, pp.123-131. ISSN 2411-9717. http://dx.doi.org/10.17159/2411-9717/2019/v119n2a4.
Southern Africa is generally thought to be well explored, with only limited potential for major new diamond discoveries. However, Chiadzwa in Zimbabwe and reports of a significant new kimberlite find in Angola are testimony to the dangers attached to an attitude that 'there is nothing left to find'. Since the major discoveries in the central interior of South Africa in the 1870s, diamond exploration in the region has been led by market and political factors that influence the key exploration drivers of opportunity and value proposition. Unexpected new discoveries by new players always impact on existing producers and, from time to time, denial of opportunity through political or protectionist policies has inhibited investment in exploration. Entrepreneurial exploration appetite in southern Africa will be tempered by the potential value equation and security of investment. Overlaid on this, developments in diamond recovery technologies provide opportunity to reinvigorate current mines and old prospects previously considered too difficult or costly to exploit. Position on the cost curve will remain a key factor for survival in an increasingly competitive environment.
Keywords : diamond exploration; production; trends; outlook.