South Africa

South Africa has a rich history of diamond mining, dating back to the 19th-century Kimberley discoveries that launched De Beers. It remains a geologically promising country, situated on the Kaapvaal Craton shared with Botswana and home to renowned diamondiferous kimberlites such as Cullinan, Venetia, and Finsch. However, in recent years, South Africa’s regulatory and business environment for mining has been regarded as complex, leading many major companies to scale back greenfield exploration there. This retreat by the majors has created opportunities for agile juniors like BMIN to acquire prime land that would be considered highly prospective elsewhere. BMIN has seized this opportunity by focusing on areas in South Africa with known diamond potential, where previous mining has ceased or exploration has lapsed due to corporate or macroeconomic factors rather than geology.