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August 29, 2015 11:11 AM ET

Metals and Mining

Company Overview of De Beers Consolidated Mines Limited

Company Overview

De Beers Consolidated Mines Limited produces, mines, and trades rough diamonds, as well as retails premium diamond jewelry in South Africa. It owns interests in Venetia and Voorspoed mines, as well as in Krone-Endora diamond deposit. The company was founded in 1888 and is based in Kimberley, South Africa. De Beers Consolidated Mines Limited operates as a subsidiary of DBCM Holdings (Proprietary) Limited.

36 Stockdale Street

Kimberley,  8301

South Africa

Founded in 1888

16,000 Employees

Phone:

27 53 839 4111

Fax:

27 53 839 4210

Key Executives for De Beers Consolidated Mines Limited

Chief Executive Officer
Age: 59
Co-Chief Executive Officer of De Beers SA
Age: 50
Executive Officer
Age: 66
Executive Officer
Executive Officer
Compensation as of Fiscal Year 2015.

De Beers Consolidated Mines Limited Key Developments

De Beers Planning To Sell Stake In Kimberley Mines

De Beers Consolidated Mines Limited (DBCM) wishes to dispose of its 100% interest in Kimberley Mines, as Kimberley Mines no longer fits into DBCM’s strategic plan and asset portfolio. The disposal will take the form of a single transaction incorporating the sale of all of the assets as well as all of the liabilities of Kimberley Mines, as a going concern. This sale will be concluded pursuant to a competitive tender process. DBCM invited interested parties to submit expressions of interest for the acquisition of Kimberley Mines to The Standard Bank of South Africa Limited by no later than May 29, 2015.

National Union of Mineworkers Signs Wage Agreement with De Beers

The National Union of Mineworkers (NUM) signed a three-year wage agreement with De Beers after tough negotiations that started in July 2014. This agreement is effective from the 1st of May 2014 until 30th April 2017 The NUM wishes to express its sincere gratitude to its members at De Beers for the manner in which they behaved during the negotiation period up until they gave mandate to sign the agreement.

De Beers Consolidated Mines Ltd. Presents at Milken Institute Global Conference 2014, Apr-30-2014 02:45 PM

De Beers Consolidated Mines Ltd. Presents at Milken Institute Global Conference 2014, Apr-30-2014 02:45 PM. Venue: Lon Angeles, California, United States. Speakers: Barend Petersen, Director and Chairman of Audit Committee.

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