Diamond production at the Mobilong Diamond Mine in Cameroon is scheduled to being in 2012, a development that could improve local residents’ lives, the StarAfrica.com website reports cited by Israelidiamond.co.il.
Residents of Mparo and six other villages, expect to receive 10% of the government’s eight-percent tax on the revenue generated by the diamond mine. According to locals, the money is needed to build schools, hospitals, roads, and connect the area to the power grid.
Currently, Mparo has electricity lines, but no electricity.
Moreover, locals say they hope that the diamond money will enable a technical college that was forced to close last year due to a lack of funds to re-open.
The Korean firm C&K Mining has won a 25-year license to develop the Mobilong deposit, which according to the company’s estimates contains 420 million carats of rough diamonds.
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