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De Beers to Pause Venetia Diamond Mine Output for Two Years

De Beers to Pause Venetia Diamond Mine Output for Two Years

De Beers will halt production at South Africa’s Venetia diamond mine for two years amid market downturns. The suspension affects about 4,400 jobs and will weigh on the company’s future output.

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De Beers Halts Production at Venetia Diamond Mine for Two Years