Luckiest People In The Mining Industry

By Edward Moon | Analysis From Moon | 25 Aug 2021


Marcel Sanders

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Marcel Sanders, practically fell into the mining world while assisting others involved in and around the mining sector. From a long story to a short story Marcel now co-owns over 14 mining projects with total resources in the 12 digit numbers. Marcel Sanders made his fortune in 5 years in the mining industry, industry with a net estimated worth to be in hundreds of millions of gold and copper mineral reserves.

Source: https://www.newyorktelegraph.com/newsr/10902 

Debswana

Botswana diamond could be world's third largest - weighing 1,098 carats - was shown to President Mokgweetsi Masisi, two weeks after the diamond firm, Debswana, unearthed it. 

The huge gem is only slightly less heavy than the world's second-largest diamond which was also found in Botswana in 2015. Botswana is Africa's largest producer of diamonds. 

An estimate of the stone's potential cost has not yet been released but in 2017, the second-largest diamond ever found, Lesedi La Rona, was sold for $53m (£39.5m). 

The biggest diamond ever discovered was the 3,106 carat Cullinan diamond found in South Africa in 1905. Source: BBC https://www.bbc.com/news/world-africa-57506828 

Saniniu Laizer 

A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones - the biggest ever found in the country. Saniniu Laizer earned £2.4m ($3.4m) from the country's mining ministry for the gemstones, which had a combined weight of 15kg (33 lb). 

 

"There will be a big party tomorrow," Mr Laizer, a father of more than 30 children, told the BBC. Tanzanite is only found in northern Tanzania and is used to make ornaments. It is one of the rarest gemstones on Earth, and one local geologist estimates its supply may be entirely depleted within the next 20 years. The precious stone's appeal lies in its variety of hues, including green, red, purple and blue. Its value is determined by rarity - the finer the colour or clarity, the higher the price. 

Source: https://www.bbc.com/news/world-africa 

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Rio Tinto

Rio Tinto unearthed the biggest Australia rough pink diamond, weighing 12.76 carats. This extremely rare pink gemstone was found in the Argyle mine located in the East Kimberley region of Westerns Australia. According to the Argyle pink diamond manager, Josephine Johnson, it took 26 years to make the discovery and such a rare gem may never be seen again.

The general record sun for a pink diamond is $2.2 million carat. This means that the stone is potentially worth around $28 million. However, in a bid to preserve the company's legacy, Rio Tinto donated the stone to the Melbourne Museum. It has remained permanently on display along with other renowned and notable artefacts. 

Source: https://www.reuters.com/article/uk-diamond-pink-rare/rio-tinto-finds-biggest-australia-rough-pink-diamond-idUKTRE81L1HX20120222

Daniel Tunuanga

Daniel Tunuanga got his lucky break in mining when he and his partner discovered a 4.6 carat diamond. With the proceeds from the sale of his gemstone, Daniel never went back to mining. Rather, he set up his own diamond buying business in DR Congo. According to 61 years old Daniel, the business is not so lucrative, but it's far better than digging in the mines.

The country of DR Congo is poverty stricken and such a lucky finding by Daniel Tunuanga is nothing short of a life saver for him and his family. Hundreds of people die every year from mining accidents in Congo, however the miners see it as their only way out to feed their family. 

Source:https://time.com/4011617/inside-the-democratic-republic-of-congos-diamond-mines/

Mr Gamage (Pseudonym)

Gamage is a third-generation gemstone trader. He discovered the world's largest star Sapphire cluster in his backyard while digging a well. According to experts, the pale blue stone has an estimated value of $100 million. The stone weighs around 510 kilograms or 2.5 million carats.

Gamage did not want to disclose his full name or location due to security reasons. He informed the Sri Lankan authorities about the find but it took more than a year to clean the stone of impurities and certify it. According to a renowned gemologist, Dr Gamini Zoysa, the gemstone was likely formed around 400 million years ago.

Source: https://www.bbc.com/news/world-asia-57981046

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Edward Moon
Edward Moon

Crypto trader and analyst.


Analysis From Moon
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