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De Beers' Venetia mine suspension signals deeper challenges for South Africa's diamond industry
Published 1 month, 2 weeks ago
Description
South Africa's diamond industry is facing a major turning point after De Beers announced a two-year suspension of production at its flagship Venetia mine in Limpopo.
On The Insight, mining expert David van Wyk unpacks the factors driving the decision, from weakening global demand and the rise of lab-grown diamonds to the broader implications for jobs, mining communities and the future of South Africa's mining sector