Mining Intelligence and News
South Africa

Venetia Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Diamond
Mining Method
  • Sub-level caving
Production Start... Lock
Mine Life... Lock
SnapshotVenetia is South Africa’s leading diamond mine. Open-pit mining concluded as planned in 2022, with the first underground production achieved in June 2023. The Venetia Underground project will continue ramping up in the coming years, extending the mine’s life until 2046.

Venetia aims to implement multiple autonomous mining systems underground by 2028, though the timeline remains flexible.

The newly commissioned Integrated Operations Centre (IOC) enhances productivity by providing real-time situational awareness, data analysis, and operational management. Equipped with advanced communication, tracking, and visualization tools, the IOC serves as the hub for underground operations.

Owners

SourceSource
CompanyInterestOwnership
Government of the Republic of Botswana (GRB) 11.1 % Indirect
Ponahalo Holdings Pty Ltd 26 % Indirect
Anglo American plc. 62.9 % Indirect
Anglo American owns 85% of De Beers Group, the world's leading diamond company. The remaining 15% is owned by the Government of the Republic of Botswana (GRB).

De Beers’ legal ownership of De Beers Consolidated Mines (DBCM) and its subsidiaries is 74%. For accounting purposes De Beers consolidates 100% of DBCM as it is deemed to control the BEE entity, Ponahalo, which holds the remaining 26%.

Contractors

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Deposit type

  • Kimberlite

Summary:

The 519 Ma Venetia kimberlite cluster was emplaced into the 2 Ga high-grade metamorphic Central Zone of the Limpopo Mobile belt. This belt consists of three tectonic units: Southern Marginal Zone, Central Zone and Northern Marginal Zone, intruded by Proterozoic dolerite dykes and sills. The kimberlite cluster consists of 13 pipes and one external dyke. The current Diamond Resource is represented by two of these pipes, K01 and K02. Most of the kimberlites are less than 1.0 ha in size, with the majority being less than 0.2 ha in size.

The regional structure within the Central Zone played a significant role in controlling the emplacement of the kimberlites and resulted in a prominent west–north west orientation of the pipe shapes. The kimberlite bodies are characterised by steepsided and irregular shapes as a result of the fault, joint and fracture orientations. They consist of several texturally distinct phases of kimberlite, varying from several types of volcaniclastic kimberlite lapilli tuffs to several coherent kimberlite types. The two main kimberlites are monogenetic pipe complexes characterised by multiple kimberlite emplacement events.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits2024202320222021202020192018201720162015
Diamond k carats  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,9224,2494,6023,5173,132
All production numbers are expressed as mineral.

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Mar 17, 2025
....................... Subscription required ....................... Subscription required Subscription required Mar 17, 2025
....................... Subscription required ....................... Subscription required Subscription required Mar 17, 2025
....................... Subscription required ....................... Subscription required Subscription required Mar 17, 2025

EmployeesContractorsTotal WorkforceYear
...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2018

Aerial view:

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