Tag: De Beers

De Beers issues layoff notices at Limpopo mine despite worker support pledge
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De Beers issues layoff notices at Limpopo mine despite worker support pledge

De Beers faces possible job cuts at South Africa’s Venetia diamond mine as weak diamond prices force a two-year production pause.

Oluwatosin Alao Oluwatosin Alao
DE BEERS
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De Beers to halt South Africa’s Venetia mine for two years in major shift

De Beers Venetia Mine halt highlights South Africa’s diamond industry crisis as weak demand forces a two-year production pause.

Timilehin Adejumobi Timilehin Adejumobi
De Beers Group
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Botswana engages UAE and Oman over De Beers stake acquisition

Botswana De Beers stake acquisition talks expand as Botswana engages UAE and Oman for backing amid Anglo American exit from De Beers.

Timilehin Adejumobi Timilehin Adejumobi
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Anglo American takes $2.3 billion De Beers hit as restructuring deepens

Anglo American books $2.3 billion De Beers writedown as restructuring deepens, with a shift toward copper and iron ore.

Omokolade Ajayi Omokolade Ajayi
De Beers Group
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Angola in talks to acquire 20% to 30% of De Beers 

Angola is in talks to buy a 20% to 30% stake in De Beers as African producers discuss the future ownership of the global diamond giant.

Timilehin Adejumobi Timilehin Adejumobi
De Beers
BusinessHot News

De Beers at crossroads as Botswana, Angola seek control

Botswana and Angola eye bigger stakes as Anglo prepares to exit De Beers.

Timilehin Adejumobi Timilehin Adejumobi