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De Beers Donation
De Beers Bolsters Coronavirus Aid Package
De Beers and its parent company Anglo American have contributed an additional $3 million in aid to help mitigate the economic impact of COVID-19.The donation, announced Monday, will be split between two emergency finance bodies in South Africa,...
Mining Apr 21, 2020 Rapaport News
De Beers Converting Facilities to Tackle Virus
De Beers is using its mining sites in Botswana and its technology production center in the UK to help the fight against COVID-19.Debswana, the company’s joint venture with Botswana, is making facilities available for the government to use...
Mining Apr 06, 2020 Rapaport News
Profit Margins Improve at $425M De Beers Sale
De Beers’ rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish...
Rough Markets Dec 18, 2019 Joshua Freedman
De Beers diamonds on glass table
De Beers Rough Prices Decline 5% in 2019
A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American. The miner’s rough-price index fell around 5% year onyear for the first...
Mining Dec 16, 2019 Rapaport News
De Beers Namibia
De Beers to Build $468M Diamond-Mining Ship
De Beers will increase production at Debmarine Namibia by 500,000 carats per year through the construction of a new diamond-recovery vessel, it said Thursday. The ship, the seventh in De Beers’ fleet, will increase annual output from the...
Mining May 16, 2019 Rapaport News
Jwaneng Operations
De Beers Value Proposition
The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was another...
Mining Nov 06, 2014 Avi Krawitz
Venetia Mine
Anglo's Diamond Division
Mark Cutifani, the CEO of Anglo American, was visibly pleased with Philippe Mellier during Anglo’s recent earnings presentation. De Beers was a star performer for the diversified mining conglomerate during the first six...
Rough Markets Aug 01, 2014 Avi Krawitz
Cutifani Says Plans Don't Include Selling Diamond Business
Anglo American reported that it will not be selling its diamond and platinum businesses over the next year or two, according to The Wall Street Journal. "On a one- to two-year view, it is not part of the plan," said Mark Cutifani, the company’s CEO. He did, however, note that,...
Rough Markets Dec 16, 2013 Sonya Burlan
Jwaneng operation
Anglo or Sightholders
De Beers is a different company than it was a year ago when Anglo American bought out the Oppenheimer’s stake in the business. The group’s interim results that were published last week, while offering a mixed review...
Rough Markets Aug 02, 2013 Avi Krawitz
De Beers Sorting
Rough Forward Contracts
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market. The announcement comes 11 months since Anglo American became the 85 percent majority owner of De Beers...
Rough Markets Jul 12, 2013 Avi Krawitz
Mark Cutifani
Anglo American Appoints Mark Cutifani as CEO
Anglo American has appointed Mark Cutifani as its new chief executive officer (CEO) to replace ‎Cynthia Carroll. Cutifani, who is currently CEO of AngloGold Ashanti Ltd., will begin his new ‎position on April 3, while Carroll...
Rough Markets Jan 08, 2013 Dilipp S Nag
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