Anglo American has laid out plans to refocus on copper and iron ore while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, reported Reuters. The announcement comes after the miner rejected a second takeover bid from rival BHP.
Read MoreAn unusually warm Canadian winter delayed the opening of a 400-kilometer ice road that is reconstructed every year to access several diamond mines in the remote Arctic region, reported Reuters. Full story.
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De Beers Group has celebrated a key milestone with the delivery of first production from underground operations at its Venetia mine in Limpopo, South Africa.
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Anglo American confirmed 3 July that De Beers Group and the government of the Republic of Botswana have reached an agreement in principle on a new 10-year sales agreement for Debswana’s rough diamond production through to 2033, as well as a 25-year extension of the Debswana mining licenses through to 2054.
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Anglo American’s De Beers will begin the new year with new leadership, as it has appointed Al Cook as its CEO and current CEO Bruce Cleaver to co-chairman of the company. The move, which will be effective in early 2023, comes as Cleaver opted to step back into a non-executive role after six years in his seat as CEO. Cook,…
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BBE Projects, a division of BBE Group, said it has completed a turn-key air cooling system for De Beers’ Venetia diamond mine in the Limpopo Province, South Africa. The mine is currently approaching the final stages of a nearly 10-year, US$2 billion transition from open pit to underground mining. The system includes two water-chilling refrigeration machines, with an option to…
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Diamond miner De Beers has commissioned a new training facility at the Venetia Underground Project, in the Limpopo province, South Africa, to train employees and new recruits for what’s ahead for its underground-to-surface transition. The R188 million (US$2.2 million) skill centre casually known as VUP can accommodate 84 students at a time and features development of one of the most…
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