Toe in the Water: De Beers Begins Search for Marine Diamonds off Greenland

By John Jeffay / October 06, 2021 / www.idexonline.com / Article Link

(IDEX Online) - De Beers is reportedly searching for marine diamonds off the coast of Greenland.The mining giant commissioned an eight-day survey of around 800 kilometers of seabed, according to a Reuters' news report.A preliminary survey of the topography, at a depth of 50 to 200 meters, was conducted by the Geological Survey of Denmark and Greenland (GEUS), and it will take months to analyze the results.Anglo American, parent company of De Beers, told Reuters the survey was "early stage".The prospect of a diamond mining project could provide an economic boost for the vast and sparsely populated island - bigger than Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Poland, Portugal, the Netherlands and the United Kingdom combined, but home to just 56,000 people.Greenland, a semi-autonomous territory of Denmark, is already exploiting some of its mineral wealth. It opened a ruby and pink sapphire mining operation in 2017.Operators Greenland Ruby announced a $18m cash injection for its Project Aurora in April of this year.Pic shows coast of Greelands

Recent News

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok