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/ 22 November 2007
De Beers Consolidated Mines, the South African arm of diamond giant De Beers, on Thursday said it had agreed to sell the Cullinan Diamond Mine as a going concern to the Petra Diamonds Cullinan Consortium for a consideration of R1-billion payable in cash.
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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.
Israeli Prime Minister Ehud Olmert on Tuesday said he was ready to meet Arab leaders to discuss their peace initiative but that no conditions should be set in advance. "I invite these 22 leaders of the Arab nation that are ready to make that kind of peace with Israel to come, whenever they want, to sit down with us and start to talk," Olmert said in Jordan.