The Sierra Leone Diamond Company (SLDC) is a diamond explorarion
company in South Africa. Since 1996, the Sierra Leone Diamond Company has been exploring Sierra Leone in search of precious
gems. The company not only own diamonds in Sierra Leone but also much property and other metals.
Mining In Sierra Leone
1950 Governmental Regulation
By the 1950s, the government of Sierra Leone had given
up on regulating the majority of its diamond industry. All foreign investors were forced to provide their own security for
both their personnel and mines.
De Beers
DeBeers is a privately held company founded by a british businessman
named Cecil Rhodes. DeBeers is the largest diamond-mining company and is located in South Africa and controls much of
its diamond trading and mining. Its efforts was to set up cartel with other diamond-producers to control international prices
of diamonds.The diamond history of Sierra Leone began in 1963 when DeBeers legally took complete control of the dining prospects
in Sierra Leone for the next ninety-nine years.
DeBeers is known for having an uncivilized conduct toward its producers,
suppliers, customers, and foreign governments. They also treat poor blacks in South Africa unfairly, by recieving cheap labor
from them. Some blacks in South Africa had no other choice but to work for low pay and in cruel conditions
so that they can pay their taxes (which DeBeers also contributed to). DeBeers owns 70% of the diamond mines in Africa
and is produces more than 40% of the rough diamonds in the world.
