Venetia kimberlite cluster, Limpopo Province · Diamonds · De Beers Consolidated Mines Limited (De Beers Group; Anglo American 85% / Govt of Botswana 15%)
intelligence-gradeproducing
Derived from the deployed data layer at build · dataset v2.4.3 · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/venetia.json
Investment screen
DFI · investment house — is this fundable, watchable, or a pass?
Life-cycle stageproducing Derived
Operating statusUnderground replacing open pit; KO2 production 2026 Sourced
Reserve (Probable)98.8 Mt @ 80.4 cpht Sourced
Reserve basis (verbatim)100% project basis
Risk-adjusted rate (§10)not published — asset-level screening not yet worked (base formula is public; see gaps below) Absent
Value anchors
advisory · corporate development — what does the record support?
Resource (Inferred)68.6 Mt @ 85.8 cpht Sourced
Resource basis (verbatim)100% project basis
Primary sourceAnglo American Ore Reserves and Mineral Resources Report 2025 [Sourced 2026-05-02] Sourced
Comparables (Diamonds-matched)none in the 25-set for this commodity · full screenAbsent
Risk read
mining major · insurer — what is the exposure?
Province IC compositeKaapvaal Craton — 5.3/10 Derived
Ownership structureDe Beers Group: 85% Anglo American + 15% Government of Botswana (as of May 2026); formal Anglo sale process ongoing, update expected during 2026 Sourced
Recent events (record)Underground replacing open pit (open-pit ceased Dec 2022); first UG production 2023; KO2 orebody development started production 2026 … Sourced
What this record does not yet support — disclosed, not estimated
Risk-adjusted discount rate — deliberately not published. A province-level base is mechanically computable from the published formula (r = 8.0% + (10 − IC) × 0.8%), but Afrimintel does not publish an asset rate without asset-level tenure, settlement, and structure screening (the §10 worked-dossier process). Publishing the base alone would misstate asset risk. Each worked decomposition converts this Absent to a Derived range.