October 25, 2014 2:39 PM 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, Voorspoed, and Namaqualand 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

Key Executives for De Beers Consolidated Mines Limited

Chief Executive Officer
Age: 58
Co-Chief Executive Officer of De Beers SA
Age: 49
Executive Officer
Age: 65
Executive Officer
Executive Officer
Compensation as of Fiscal Year 2014.

De Beers Consolidated Mines Limited Key Developments

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.

Workers at De Beers to Down Tools in South Africa on June 5, 2013 over Unmet Wage Demands

Workers at De Beers will down tools in South Africa on June 5, 2013 over unmet wage demands. Three mines and the firm's rough diamond distribution outlet will be affected after a mediation effort failed. The strike action will begin with night shift and continue until all wage demands are met. The union is pushing for a 13% wage increase against the company's 6%. Other grievances include the number of leave days. Affected operations are Voorspoed mine, Kimberly mine, Venetia mine and the Diamond Trading Company.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 8, 2014
De Beers Sightholder Sales South Africa
 

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To contact De Beers Consolidated Mines Limited, please visit www.debeersgroup.com/Operations/Mining/Mining-Operations/De-Beers-Consolidated-Mines. Company data is provided by Capital IQ. Please use this form to report any data issues.

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