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/ 13 September 2007

De Beers sells underground Kimberley operations

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.