User:Cocreated/Koidu Holdings
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Koidu Holdings is a diamond mining organization; headquartered in South Africa, operating under the official name of Koidu Holdings SA. The company is wholly owned by BSG Resources, an international natural resource company with interests in diamonds, copper, nickel, iron-ore, bauxite and steel.
Koidu Holdings core mining operations are based in Koidu Town, within the Kono District of the Eastern Province in Sierra Leone, West Africa. The operation is also known as the 'Koidu Kimberlite Project'. The company also holds exploration licenses for a diamond field in Tongo and in two alluvial locations; the Sewa River and Metemu, all within Sierra Leone.
Operating since 2002, Koidu Holdings specializes in the production of rough diamonds that are sold to the international market. Koidu Holdings is refuted to be the largest private employer in Sierra Leone, with over 600 staff and is estimated to be the second largest exporter of rough diamond from the country.
Koidu Holdings and the Kimberley Process
Koidu Holdings mining operations, including the process of production of rough diamonds adheres to the Kimberley Process Certification Scheme (KPCS). [1] This process is crucial in eliminating the trade of 'conflict diamonds'; ensuring a legitimate diamond supply from areas free from conflict. This process also serves to cease any illicit diamond trading that may fund violence.[2]
Koidu Holdings Physical Operations
The Koidu Kimberlite Project contains two kimberlite pipes; Pipe 1 and Pipe 2.
Koidu Holdings Diamond Mining Licenses
Koidu Holdings has 25-year mining lease agreement with the government of Sierra Leone. In September 2010, this agreement was successfully renegotiated [3] providing an increased diamond royalty percentage to the government, direct contribution to an new agricultural development fund and a commitment to invest in further community development projects in Koidu, such as educational scholarships and healthcare. [4]. "The company has pledged to share 20% of its profits with the national social safety net and the local community where it mines."[5]
The Koidu Diamonds of Sierra Leone
"Diamonds of Sierra Leone have an international reputation as one of the highest gem quality diamonds in the world. The diamonds are so pure and free of inclusions that some of them are known as "glasses", clear, transparent and absolutely colorless."[6]
Two of the world's ten largest and most famous rough diamonds were discovered in the gravels of the Woyie River flowing through the town of Koidu, including the 'The Star of Sierra Leone', discovered in 1972, which weighed 968.9 carats and is the third largest rough diamond ever discovered.[7]
References[edit]
- ^ http://diamondfacts.org/conflict/eliminating_conflict_diamonds.html#kim
- ^ http://www.kimberleyprocess.com/
- ^ http://news.sl/drwebsite/publish/article_200516520.shtml
- ^ http://www.londondiamondbourse.com/diamond-facts.htm
- ^ http://www.londondiamondbourse.com/diamond-facts.htm
- ^ http://www.24hgold.com/english/news-gold-silver-the-star-of-sierra-leone.aspx?contributor=Famous+diamonds&article=2171874002G10020&redirect=False
- ^ http://www.koiduholdings.com/about_company_profile.html
External links[edit]