De Beers, which is building a R20bn underground mine at Venetia in SA, is hampered in its hunt for fresh diamond sources by the country’s regulatory environment despite itching to spend millions of dollars here. De Beers spends $35m a year on exploration in SA, Canada and Botswana but is running into headwinds in SA, which the miner reckons is one of the more prospective regions for new diamond sources.

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