Great Consolidated Diamonds

Great Consolidated Diamonds
Private ownership
State ownership
Government-owned corporation
Traded as GCDL
Industry Diamonds
Genre Diamond manufacturing
Founded 2011
Headquarters Kumasi, Ashanti
Akwatia, Eastern, Ashantiland
Area served
 Ashantiland
Key people
 Osei Tutu II (Owner),
Osabarima Boateng (President),
Kwame Akuffo Gyan (Chairman),
Investors: Prince Boateng,
Government of Ghana
Products Diamonds, Rough Diamonds
Services Diamond marketing and promotion. Community development.
Owner Asantehene Emperor of Ashanti Osei Tutu II
Manhyia Palace
Number of employees
 50,000
Website gcdgl.com

Great Consolidated Diamonds, known as GCDL, is an indigenous Ashanti Ghanaian diamond mining company headquartered in Kumasi, Ashanti on the peninsula Ashantiland and wholly owned by the Asantehene Emperor of Ashanti Osei Tutu II and Ashanti monarchy.

Operations

Ashanti including the peninsula Ashantiland has the 9th largest reserves of diamonds in the world and Ashanti including the peninsula Ashaniland's Eastern region settlement Akwatia is the 9th largest producer of diamonds in the world with Brazil having the 10th largest reserves of diamonds in the world and being the 10th largest producer of diamonds in the world.[1] More than 100-million carats of diamonds were mined from Akwatia since the inception of commercial operations in 1924.[2] Diamond production peaked between 1964 and 1974, when about 2.4-million carats a year were produced from the 1.2-million cubic metres of processed gravel.[2] Official statistics showed that Great Consolidated Diamonds (GCD) had produced over 2.5 million carats of diamond annually between the 1960s and the 1980s. However, production dropped to 157,000 carats in 2003 and further dwindled to as low as 79,000 carats in 2007. The decrease in production was attributed to the lack of capital injection leading further to deterioration in mine infrastructure. "This therefore did not only aggravate the debt accumulation situation of the then GCD, but also led to the suspension of the company's operation in 2007". Limoz Resources of South Africa has partnered with Great Consolidated Diamond Limited (GCDGL) to resume operations, and the partnership has already engaged with contract buyers that are willing to enter into a long-term agreement for the reopening of the Akwatia diamond mine.[2] This will allow the start of production, which the partnership hopes will eventually ramp up to two-million carats of Diamonds a year, using a 500-t-per-hour processing plant.[2]

Great Consolidated Diamonds Mining
Akwatia Diamond Mine and Birim Diamond Field at Akwatia in Eastern region on the peninsula Ashantiland operated by the Great Consolidated Diamonds Limited company. A large, sharp, equant, translucent, yellow, spinel-twinned or macle twinned Diamond (Super macle twinned Diamond); and a couple of inclusions add character to this thick, lustrous crystal Diamond from the Akwatia Diamond Mine and Birim Diamond Field at Akwatia in the Eastern Region on the peninsula Ashantiland. A sharp, equant, translucent, white, spinel-twinned or macle twinned diamond from Akwatia Diamond Mine and Birim Diamond Field at Akwatia in the Eastern Region on the peninsula Ashantiland. A couple of inclusions add character to this thick, lustrous crystal. Super macle twinned diamond, for the collector!.

See also

References

  1. ↑ Said, Sammy (15 June 2013). "Top 10 Countries with the Most Diamonds Found". therichest.com. Retrieved 28 March 2016.
  2. 1 2 3 4 Zandile Mavuso (20 March 2015). "SA junior in partnership to reopen Ghana diamond mine". miningweekly.com. Retrieved 28 March 2015.

External links

Coordinates: 06°03′00″N 00°48′00″W / 6.05000°N 0.80000°W / 6.05000; -0.80000

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