Monday, February 19, 2018

South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate.

The National Union of Mineworkers (NUM) has declared a wage dispute with diamond giant De Beers.

South Africa's government has developed a new business model for the State Diamond Trader, which has not worked according to expectations.

De Beers Consolidated Mines has confirmed that the closing date for expressions of interest in the Jagersfontein Diamond Property in the Free State is on Friday this week.

De Beers' company, the Diamond Trading Company, extends sightholders' contracts by a year.

Continued strong demand for rough diamonds will see significant gains in revenue and cash flow for all diamond miners this year according to RBC Capital Markets analyst Des Kilalea.

Diamond giant De Beers has announced the appointment of Barend Petersen as CEO of De Beers Consolidated Mines (DBCM) with effect from April 2010.