De Beers sitting on largest diamond inventory since 2008, FT reports
The diamond giant has faced multiple headwinds in recent years.
The StarPhoenix reports that BHP Billiton is planning to build five potash mines, all of which could rival the Jansen project.
The company is on target to begin hauling potash out of the ground by 2015, said [Tim Cutt, president of diamond and specialty products]. If the company proceeds, Jansen is expected to produce two million tonnes per year, eventually increasing to four million, then eight million tonnes as operations grow.
