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28-02-2007 Read : 24 times Mining Weekly de beers to sell cullinan, parts of kimberley mine the world's largest diamond producer, de beers, said on tuesday that it planned to sell its cullinan mine and parts of its kimberley underground diamond mine as it stepped up its mining-assets transformation process.
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Under terms of the new agreement, Botswana's government will be allowed to sell 30% of rough diamonds mined through a joint mining venture with De Beers. The share rises to 50% by the end of the ...
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JOHANNESBURG (MarketWatch) -- De Beers SA, the world's largest producer of diamonds, Thursday said it has agreed to sell South Africa's historic Cullinan mine to a consortium led by …
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De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations. ... She began her career as an Ore Processing Engineer at the Cullinan Diamond Mine in 2001, and has held numerous roles as General Manager for De Beers Kimberley Mines and Voorspoed ...
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Anglo American Plc, led by South African executive Duncan Wanblad, is moving forward with plans to spin off its De Beers diamond business. The decision comes more than …
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De Beers, the world's largest diamond producer by value, was founded in 1888 in South Africa by British mining magnate Cecil Rhodes. The company was partially owned by the Oppenheimer dynasty, which also founded Anglo American, until the family sold their 40% stake to Anglo American itself in 2012.
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The world's biggest diamond company De Beers said Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found.
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The Cullinan kimberlite is the most important pipe of twelve Group I kimberlite pipes in South Africa. It is also the largest diamondiferous kimberlite in South Africa with a cross-sectional area of 32 ha. The vertical diatreme 550 m deep and there the root zone starts. It is planned to mine about 1,000 m deep, which would mean mining until 2030.
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The mine in question is De Beers' Venetia operation in Limpopo, which was formerly open pit but has been transformed into an underground facility. Open pit operations at Venetia ceased in December ...
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Guest Column - The word "historic" is often used too loosely to retain its meaning. I believe, however, that yesterday's announcement -- that De Beers will sell 26% of its South African ...
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De Beers Consolidated Mines, the South African arm of diamond giant De Beers, on Thursday said it had agreed to sell the Cullinan Diamond Mine as a going concern to the Petra Diamonds Cullinan ...
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A South African newspaper quoted De Deers early this year describing itself as the "New De Beers", intent on doing business as a good corporate citizen. This was after paying a fine in the United ...
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De Beers has operations in Namibia, South Africa, Botswana and Canada. In Botswana, production increased by 214% to 5,7 million carats for the first half of 2021.
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De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations. The new business will streamline operational management and identify synergies to create a more sustainable business in the two countries. De Beers Group Managed Operations will focus ...
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The Beers are looking for a buyer for the Voorspoed mine in South Africa. De Beers, who almost owns a world monopoly on diamonds, reopened this mine in 2008. At the time, the group emphasized that this was the first project that was completely based on 'black economic empowerment', a strategy of the South African government to let the black population benefit …
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THE DIAMOND Trading Company (DTC), the marketing arm of De Beers Group, expects to sell about 12-million carats of diamonds a year in SA in future, down from about 14-million carats or $700m by ...
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Mining Weekly Online reports that up to now De Beers South Africa (DBSA) has received exemption yearly and once the aggregation process is complete, rough diamonds of higher value are exported ...
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The De Beers' Cullinan blue diamond was auctioned off for R911 million in Sathabees, Hong Kong on Wednesday; The 15.1-carat rare diamond was discovered at the Cullinan mine in South Africa in April last year; The De Beers' Cullinan blue diamond that the sold to an unnamed buyer was the largest of its kind on record to be auctioned off
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Johannesburg — Part 3 of a five-part series on South Africa's craft beer boom Bearded men wrapped in bandoliers of bullets give steely stares into the camera in an image from 1900.
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JONATHAN Oppenheimer, the head of diamond giant De Beers' South African operations, warned yesterday that the company may be forced to begin closing unprofitable mines, which are in trouble ...
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South African petrochemicals company , mining group Anglo American and its diamond business De Beers entered into a joint development agreement on Tuesday to pilot the production of renewable ...
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The De Beers' Cullinan blue diamond has been auctioned for HK$450.9 million (R911 million) at Sotheby's in Hong Kong. The 15.1 carat, fancy vivid blue diamond was sold …
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AS NICKY Oppenheimer celebrated his 60th birthday in London last week, De Beers opened its first retail store in the US with a sense of excitement and regained self-assurance.
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The sale marks the end of De Beers' century-long diamond mining history in South Africa. Gold Futures $ 2922.6001 / ozt 0.10% Micro Gold Futures $ 2917.7 / ozt -1.01%
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De Beers Consolidated Mines - the South African arm of the diamond giant, De Beers - has agreed to sell the Cullinan Diamond Mine as a going concern to the Petra Diamonds Cullinan Consortium for ...
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Anglo's announcement of its De Beers plans, as well as plans to sell off its South Africa-based Anglo American Platinum (JSE: AMS) and its steelmaking coal assets was …
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The diamond was discovered at the Cullinan Mine in South Africa in 2021, one of very few sources in the world for extremely rare blue diamonds. Over the past year, De Beers has worked with its partner, Diacore, one of the most experienced master diamond cutters, to cut and polish the extraordinary rough diamond and bring The De Beers Blue to life.
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The London-listed miner, which acquired Cullinan from industry leader De Beers, borrowed heavily to revamp the facility and began mining a new section of ore last July.
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The world's biggest diamond company De Beers said Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found. Benchmarks Nifty 24,571.65 -70.15
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The $5.1 billion deal, announced in November, increases Anglo's stake in the diamond mining giant from the 45% to 85%, marking the end of Oppenheimer era at De Beers. De Beers and the ...
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