De Beers, Diamonds and Canada

1. De Beers, Diamonds and Canada 1.1. De Beers was founded long ago (1888, the same time that Canada became a country) in a rural mining village in South Africa. Today, we employ 22,000 people across 19 countries and have 14 mines including open pits, shafts, beach-sands and seabed. 1.2. Last year our sales were US$5.7 billion and our total production amounted to 47 million carats which means a 40% global market share. For the Kyoto buffs in the audience, the company consumes 66 million cubic metres of water per annum, 210 million litres of hydrocarbon fuel and 1,600 GWh of electricity. Stats are good, but aren?t as expressive as a movie. This one is 2 minutes long, which is quicker than I could elaborate. (Video 1 - 2 minutes) 2. De Beers in Botswana is the leading source of diamonds 2.1 Today Botswana is the Jewell in the Crown. There are three big open pits that enjoy economies of scale that make them the lowest cost producers. Last year 60 million tonnes of overburden and 30 million tonnes of ore were moved in Botswana alone. Botswana produced 31 million carats, compared to 14 million carats in South Africa and 2 million very high quality carats inn Namibia. 3. Diamond Mines provide feedstock? ?.to jewellery stores