South African workers at De Beers, the world’s top diamond producer, have agreed to a pay rise of 9%, their union said on Friday.
The National Union of Mineworkers said on Thursday it has demanded a 15% wage increase from diamond giant De Beers.
The Labour Court has ruled that De Beers acted unlawfully when it retrenched workers, the National Union of Mineworkers said on Wednesday.
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/ 24 February 2009
The world’s diamond giant is halting mining in Botswana for the next seven weeks as the global recession takes it toll on gem demand.
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/ 20 February 2009
The world’s largest diamond group, De Beers, said its three shareholders have agreed to loan the company -million.
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/ 20 February 2009
Anglo American scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19Â 000 jobs.
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/ 22 January 2009
Special commendation: Investing in the Future Company Partnership Award: Ponahola De Beers Disabled Persons Trust.
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/ 18 November 2008
A worker died at De Beers’s Finsch mine in the Northern Cape, trade union Solidarity said in a statement on Tuesday.
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/ 4 September 2008
Diamond miner Trans Hex says that it is in discussions with De Beers over exploring options in regard to De Beers’s Namaqualand Mines Division.
The National Union of Mineworkers has called off a strike over wages at diamond miner De Beers.
De Beers said on Thursday it was continuing wage talks with South Africa’s largest mine workers’ union in a bid to avert a strike.
Gary Ralfe, one of the faces most often associated with diamond mining giant De Beers, on Wednesday announced his retirement.
Diamond mining giant De Beers on Wednesday reported a 10% rise in total sales to $3,74-billion for the half-year ended June.
A planned lodge development at the settlement of Molapo in Botswana’s Central Kalahari Game Reserve has become a source of controversy. Tourists who frequent the 40-room lodge’s luxury accommodation will enjoy the sights of the Kalahari. The outlook for indigenous Bushmen from the reserve is less positive, however.
Festus Mogae is to stand down as Botswana’s president on Tuesday after a decade in which his country cemented its status as one of Africa’s success stories despite fears it could be wiped out by HIV/Aids. Mogae, who hands over the reins of power to his long-time heir apparent Ian Khama, styled himself as the ”chief executive” of a nation of about two million.
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/ 12 February 2008
De Beers, the world’s top diamond producer, said on Monday that 2008 looks to be a ”challenging” year for the industry due to a slowdown in the global economy that could dampen demand for diamonds. But Gareth Penny, De Beers’s managing director, said rough diamond prices are still rising due to lack of new supply.
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/ 8 February 2008
De Beers, the world’s top diamond producer, posted a dip in 2007 diamond sales on Friday, but forecast a rebound this year amid a tight market that was expected to keep prices buoyant. ”We are in an environment where the rough diamond market is strong,” managing director Gareth Penny told a conference call.
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/ 27 January 2008
A power shortage halted production in South Africa’s lucrative mining sector for a second day on Saturday, and mining company officials said they still did not know when they could resume operations. Power cuts described by President Thabo Mbeki’s government as a national emergency on Friday stopped production in the world’s biggest platinum and number one two gold producer.
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/ 10 January 2008
Diamond giant De Beers, which is 45% owned by global resources giant Anglo American, is to pay a $295-million class-action settlement after it was accused of fixing diamond prices and monopolising the United States diamond market. However, De Beers has not acknowledged that it violated the law or did anything wrong.
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/ 27 November 2007
South Africa’s National Union of Mineworkers (NUM) said on Tuesday it had been given the go-ahead by authorities to stage a one-day nationwide strike on December 4 to highlight the issue of safety at mines. ”Yes, we are going on strike on December 4, we have been given the go-ahead,” NUM spokesperson Lesiba Seshoka said.
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/ 15 October 2007
African Diamonds has applied for a diamond-mining lease for a one-million carat-a-year mine in Botswana and is due to start production by late 2009, managing director James Campbell said on Monday. Botswana is the world’s biggest diamond producer by value, and several other junior companies are prospecting in the Southern African country.
South Africa’s unit of the world’s top diamond producer De Beers said on Monday it expects to produce 14,7-million carats in 2007, and saw a decline in output of 2-million carats in 2008. ”Very soon we will level at 12-million carats into the future,” said David Noko, managing director of De Beers Consolidated Mines.
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/ 13 September 2007
The world’s biggest diamond mining group, De Beers, has agreed to sell its loss-making Kimberley underground mines to Petra Diamonds and its black partners, De Beers said on Thursday. De Beers said in a statement details of the transaction, including the financial settlement and output figures for the underground mine, would be given at a media briefing on Friday.
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/ 13 September 2007
The prevalence of corruption and other forms of crime in South Africa reflected a society that had embraced a culture of individualism, President Thabo Mbeki said on Wednesday. Delivering the eighth annual Steve Biko memorial lecture at the University of Cape Town, Mbeki said social ills such as corruption represented society’s rejection of positive moral values.
This week De Beers announced it would start making antiretroviral treatment for HIV and Aids available to its employees.
In a statement to the <em>Mail & Guardian</em> this week, Ronnie de Decker denied any involvement in arms smuggling and military activities.