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De Beers
De Beers Slashes Output Amid Diamond Glut
DeBeers’ production dropped in the third quarter as the miner responded to a declinein rough demand that has left it with an inflated stockpile of diamonds. Outputfell 14% to 7.4 million carats for the period amid planned mine...
Mining Oct 22, 2019 Rapaport News
Large Canadian rough diamond in palm of hand, GSS
Diamond Glut Prompts De Beers to Slash Production
De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due...
Mining Jul 18, 2019 Rapaport News
De Beers Venetia 150
De Beers Sales and Production Drop
De Beers’ sales volume fell 15% to 7.5 million carats in thefirst quarter, as overall demand for lower-value rough goods remained soft.Production for the three months ending March 31 dropped 8%to 7.9 million carats due...
Mining Apr 28, 2019 Rapaport News
De Beers
De Beers Merges South Africa, Canada Assets
De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Kué...
Mining Feb 26, 2019 Rapaport News
De Beers 600
De Beers to Shut Voorspoed Mine
De Beers will close its Voorspoed mine in South Africa,after an extensive search failed to turn up a suitable buyer, it said Tuesday. The company’s South Africa business, De Beers ConsolidatedMines (DBCM), began looking for a buyer for the...
Mining Jul 31, 2018 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
De Beers Voorspoed mine
De Beers Plans to Sell South Africa Mine
De Beers is looking for offers for its Voorspoed diamond mine inSouth Africa, saying a lower-cost operatorwould have a better chance of maximizing value at the asset. An operating model that is different from De Beers’ could helpextend the...
Mining Nov 29, 2017 Rapaport News
venetia
De Beers 2Q Production +7%
De Beers production rose 7 percent year on year to 8.515 million carats in the second quarter of 2014, Anglo American reported. The increase was largely due to higher output at the company's Venetia mine, following pit flooding...
Mining Jul 17, 2014 Deena Taylor
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