Yet another mining company is showing interest in the Soutpansberg’s minerals.

Diamcor Mining Incorporated (DMI), a junior Canadian diamond and exploration company, has announced its intention to apply for a mining right to mine diamonds. Their diamond project, named Krone-Endora, is situated just north-west of De Beers' Venetia diamond mine. In total, the project covers a surface area of approximately 5 888 hectares.

Diamcor acquired Krone-Endora from De Beers, in conjunction with a DMI South Africa subsidiary known as Nozala Investments (Pty) Ltd, a 100% women-owned black economic empowerment company.

According to Diamcor’s website, the exploration work has been carried out and data was collected from 469 targets to “better define the area.” Initial reports inferred an estimated 54 million tonnes of diamondiferous gravel and a further estimated 1.3 million carats of diamonds for the project areas.

In addition, most of the diamonds to be mined will be sold in America. In March last year, Diamcor announced that it had established a long-term alliance with the world famous luxury American company Tiffany & Co. Diamcor expects production levels of between 120 000 and 240 000 carats per year.