The SATIS diamond operations, made up of wholly owned projects and investments, is involved in most of the diamond value chain including:
Our diamond operations has an excellent portfolio of mining operations with substantial growth opportunities and a number of expansion opportunities – both greenfield (new sites) and brownfield (development of existing sites). This is allowing us to expand our production significantly through various projects.
With a portfolio of large, low-cost mining operations our aim is to become the pre-eminent supplier of diamonds through capacity expansion, reliable supply and innovative solutions.
The Company is targeting production levels of between 750,000 carats – 1,000,000 carats per year for the next +/- 5 years.
The Company’s strategy is the continued identification, acquisition and operation of quality production based diamond projects which demonstrate the potential to further increase its yearly production levels and support the long-term objectives of its stakeholders and strategic alliance partner.
The Company considers DRC to be a beneficial operating environment and enjoys solid and established working relationships with the communities.
The operating environment is low cost, particularly regarding fuel and labor, and highly skilled exploration and mining service contractors are readily available. The taxation regime is progressive with low corporate taxation and royalties and Government policies encourage inward investment.