Construction of a large underground diamond mine in South Africa

The Venetian underground diamond mine, located in Limpopo province in northeastern South Africa, started construction on October 22 with a total investment of 20 billion rand (about 2 billion US dollars).

South African President Zuma said at the opening ceremony that the Venetian underground diamond project is the largest single investment in the diamond industry in South Africa for decades and an important milestone in the development of the diamond industry and mining industry in South Africa.

Zuma said that the Venetian underground diamond project will promote the production of South African diamonds, which will benefit the development of South African mining, and will also promote local employment and benefit economic growth.

The Venetian underground diamond mine is expected to be commissioned in 2021 and can be mined for 21 years, during which it is expected to produce more than 90 million carats of diamonds.

South Africa has the world's most diverse diamond veins, including open pit mines and underground mines. In 2009, South Africa's diamond production was more than 6 million carats. The Venetia Underground Diamond Mine is part of the Winnipeg Diamond Mine, the largest diamond producer in South Africa.

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