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Workers Losing Jobs as Marange Diamond Deposits Run Dry
Jun. 30, 2014 04:59PM PST
Gem InvestingAllAfrica reported that this week, Marange-based diamond mining companies will lay off more workers, ultimately causing the loss of over 400 jobs. They are reportedly doing so because their deposits have run dry.
AllAfrica reported that this week, Marange-based diamond mining companies will lay off more workers, ultimately causing the loss of over 400 jobs. They are reportedly doing so because their deposits have run dry.
As quoted in the market news:
A Daily News report quoted worker’s unions saying Chinese companies Anjin and Jinan are among the companies that have ceased mining and will be shutting down because alluvial diamond deposits at Marange have run out.
The companies first reported that alluvial diamond deposits were running out last year, saying they had neither the expertise nor the technology to drill deeper through the hard rock. Alluvial diamond deposits are closer to the surface making them easier to extract.