Jagersfontein mine dam flood in Free State Province, South Africa
Accident in Jagersfontein, Free State, South Africa - slug dam wall collapsed and flooded this small town.
#Jagersfontein #SouthAfrica #Flood
Jagersfontein mine is located around 100 km from Bloemfontein - Free State, South Africa.
Slug dam wall burst on Sunday 11 September 2022.
Originally a De Beers Group mine, Jagersfontein has been the site of diamond digging since the late 1800s and has produced some of the world’s largest rough diamonds, including the 972-carat “Excelsior.”
De Beers confirmed that it stopped mining on the site in 1971. In 2010, it sold Jagersfontein to the Superkolong Consortium, a Black Economic Empowerment (BEE) holding company for a number of mining operations.
In April of this year, Stargems Group bought Jagersfontein as well as the rights to an alluvial diamond project near Kimberley, South Africa, from Reinet Investments for an undisclosed amount. South African billionaire and Richemont Chairman Johann Rupert runs Reinet.
Via Jagersfontein Developments Ltd., Stargems Group reprocesses old tailings at the former mine site, meaning the company sifts through waste in the hopes of finding diamonds that were missed the first time around.
Johann Rupert's Reinet sold Jagersfontein assets just months before deadly incident. The dam used to be owned by De Beers until it was sold to Superkolong Consortium in 2010.
Stargems Group, based in Dubai, this year acquired Jagersfontein Holdings, which ran the site used to process old tailings.
Residents of the mining town of Jagersfontein are being evacuated.
The mine dam has burst, causing flooding in parts of the town.
Reports coming in indicate that several houses in the nearby Charlesville residential area have already collapsed. The main road leading into the town is also flooded.
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