Diamcor Mining announced Tuesday that it has won a bid to acquire the Krone-Endora alluvial diamond deposit from De Beers Consolidated Mines for ZAR 14 million (about $1.8 million.)
The acquisition, which is subject to regulatory approval, will be carried out by Diamcor’s South Africa subsidiary, DMI Minerals South Africa. The deposit is located in the Limpopo Province in South Africa and consists of prospecting rights over the farms Krone 104 and Endora 66, next to the De Beers Venetia Diamond Mine.

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