Diamond Mine’s Equipment Availability Shines with Computer-Assisted Management

Diamond Mine’s Equipment Availability Shines with Computer-Assisted Management

Located in South Africa’s Limpopo Province not far from the Botswana and Zimbabwe borders, De Beers’ Venetia open-pit diamond mine spans 3 km across and is more than 400 m deep. It is one of the biggest and most productive diamond mines in the world, currently mining about 60 million mt/y of rock to yield 8.2 million carats of diamonds. It also achieves extremely high equipment availabilities. 

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Record Claim Rate in 2008 Weakens Insurance Carrier Interest in Mining Business

Record Claim Rate in 2008 Weakens Insurance Carrier Interest in Mining Business

The global mining industry is caught in a “classic insurance market crunch” as mining companies, faced with declining commodity prices and profits, have less to spend on coverage while insurers raise prices and limit capacity as they deal with the fallout of the credit crisis and react to record property damage and business interruption claims from 2008, according to a new report from Willis Group Holdings, a global insurance broker.

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