DBM awarded extended diamond mining contract

The mining concession is for a 5 yr period. This agreement with Alexkor, the government-owned entity which holds the rights to all diamonds in the area, includes a 12 month probation period during which time DBM must demonstrate it is actively operating and meeting necessary requirements in respect of health and safety compliance, capacity, and production rates. 

DBM’s operations are located within the 80 km-long Alexkor diamond fields in Alexander Bay, South Africa, situated between two historic De Beers mining sites. DBM is currently focused on deposits situated close to the shoreline, which are characterised by high-quality diamonds and minimal overburden. Having recently commissioned a new diamond processing plant, DBM is now actively processing diamond-bearing gravels with the aim of delivering high-concentration diamond gravel to Alexkor for final sorting and sale.

Kazera CEO, Dennis Edmonds, said:

“We are delighted to have secured this new, extended contract directly with Alexkor, which marks a significant milestone for DBM as we ramp up our diamond mining operations. The five yr term not only offers long-term security and operational stability but also expands the areas in which we can mine for diamonds. We see this as a clear vote of confidence in both DBM’s capabilities and in our potential to rejuvenate diamond mining in the Alexander Bay area.”

Read the article online at: https://www.globalminingreview.com/finance-business/24042025/dbm-awarded-extended-diamond-mining-contract/