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De Beers Merges South Africa, Canada Assets

Nompumelelo Zikalala will oversee the combined operation.
Feb 26, 2019 7:56 AM   By Rapaport News
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RAPAPORT...
 De Beers will combine its mining ventures in South Africa and Canada to streamline operational management and increase sustainability, it said Monday.

The new business, De Beers Group Managed Operations, will oversee the Venetia and Gahcho Kué mines, as well as the De Beers Marine project. The consolidation comes after the closure of the Snap Lake and Voorspoed deposits, as well as the impending termination of the Victor mine in May.

Nompumelelo (Mpumi) Zikalala, deputy CEO of De Beers Consolidated Mines, the company’s South African business, will become managing director for the new venture, and will lead the restructuring, the company said. Allan Rodel will be head of operations. De Beers will employ a management group, based in Johannesburg, to run operations, with a support team based in Canada.

“We are delighted to appoint Mpumi into this new and vitally important position to focus on growing a profitable and sustainable business in both South Africa and Canada,” said De Beers CEO Bruce Cleaver. “Our businesses in these countries face very different challenges and require a leader of Mpumi’s skill, vision and experience to maximize their full potential.”

In her new role, Zikalala will replace De Beers Consolidated Mines CEO Phillip Barton, who has been with the miner for more than 30 years, and Kim Truter, CEO of De Beers Canada, who will both leave the company.

Image: Nompumelelo (Mpumi) Zikalala. (De Beers)
Tags: Allan Rodel, Bruce Cleaver, De Beers, De Beers Consolidated Mines, De Beers Group Managed Operations, De Beers Marine, Gahcho Kué, Kim Truter, Nompumelelo (Mpumi) Zikalala, Phillip Barton, Rapaport News, Snap Lake, venetia, victor, Voorspoed
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