October 01, 2014 4:41 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

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.

De Beers Consolidated Mines Ltd. and National Union of Mineworkers Fail to Reach a Wage Agreement

De Beers Consolidated Mines Ltd. and National Union of Mineworkers failed to reach a wage agreement. De Beers met the NUM at the Council for Conciliation, Mediation and Arbitration after the union declared a dispute early in the negotiations on June 12, 2013. This meant the union would be able to give the company a 48-hours' notice of its intention to embark on protected industrial action, and the company would be able to give the union 48-hours' notice to lock out union members.

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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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