• Moses Madondo, Managing Director of Managed Operations at De Beers, spoke with Brieanna McCutcheon about ethical diamond development at PDAC 2023
  • The company has instituted a blockchain tracing program across its mines to ensure provenance
  • One of De Beers’ newest initiatives, the Chidliak Project in Baffin Island, seeks to revolutionize the mining process through modular low-carbon operations

Moses Madondo, Managing Director of Managed Operations at De Beers, spoke with Brieanna McCutcheon about ethical diamond development at PDAC 2023.

The company, which boasts an over 135-year history, has instituted a blockchain tracing program across its mines to ensure provenance and consumer satisfaction. De Beers is also a signatory to numerous existing standards to vet the source of its diamonds.

Madondo also spoke about community and government engagement efforts for mines from Canada to Africa in the interest of mutual long-term value creation.

One of De Beers’ newest initiatives, the Chidliak Project on Baffin Island, seeks to revolutionize the mining process through modular operations with a lower-carbon impact that results in greater cost efficiencies for all involved.


More From The Market Online

The 5-Minute Investor Podcast, Ep. 65: Cannabis stocks cultivating alpha

Listen to episode 65 of The 5-Minute Investor Podcast, featuring analysis on cannabis stocks Decibel Cannabis and Aurora Cannabis.

@ the Bell: Markets rise as Iran deal eases tensions, oil falls

Canadian stocks moved higher on Monday after US and Iranian officials announced they had reached an...

3 mining stocks to play the EU’s first critical minerals stockpile

Discover EQ Resources, Leading Edge Materials and Metlen Energy & Metals, three stocks aligned with the EU's critical minerals stockpile.