Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Moses Madondo, Managing Director of Managed Operations at De Beers, spoke with Brieanna McCutcheon about ethical diamond development at PDAC 2023
  • The company has instituted a blockchain tracing program across its mines to ensure provenance
  • One of De Beers’ newest initiatives, the Chidliak Project in Baffin Island, seeks to revolutionize the mining process through modular low-carbon operations

Moses Madondo, Managing Director of Managed Operations at De Beers, spoke with Brieanna McCutcheon about ethical diamond development at PDAC 2023.

The company, which boasts an over 135-year history, has instituted a blockchain tracing program across its mines to ensure provenance and consumer satisfaction. De Beers is also a signatory to numerous existing standards to vet the source of its diamonds.

Madondo also spoke about community and government engagement efforts for mines from Canada to Africa in the interest of mutual long-term value creation.

One of De Beers’ newest initiatives, the Chidliak Project on Baffin Island, seeks to revolutionize the mining process through modular operations with a lower-carbon impact that results in greater cost efficiencies for all involved.


More From The Market Herald

" ParcelPal (CSE:PKG) relaunches a new and improved mobile application

ParcelPal Logistics (PKG) will relaunch its mobile delivery application on a rolling basis over the coming months.

" @ the Bell: TSX hits three-week high

Canada’s benchmark stock index closed higher for the fifth straight session to its highest level in three weeks on Thursday.

" Puma Exploration (TSXV:PUMA) confirms mineralization

Puma Exploration (PUMA) is confirming mineralization at its Williams Brook Gold Project in Northern New Brunswick.
Flying Nickel Mining

" Flying Nickel (TSXV:FLYN) confirms platinum, palladium, gold mineralization

Flying Nickel Mining (FLYN) is confirming, it uncovered gold mineralization from the most-recent drill program on its Minago Nickel PGM Project.