De Beers Consolidated Mines (DBCM) confirmed that the Company and the National Union of Mineworkers (NUM) had been in negotiations today facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA). The Company and NUM have settled the dispute early this evening, and the parties will meet next week to formalise the agreement reached. Employees [...]
De Beers Responds to NUM Statement Over Strike Notification
De Beers statement: issued in the light of a NUM statement claiming the parties in wage negotiations at the CCMA had broken off negotiations and that a strike had therefore been notified. “De Beers confirms that it is currently in negotiation in the CCMA with the NUM. It is therefore a fact that no certificate [...]
Anan Fakhreddin, Formerly of the Diamond Trading Company, Appointed CEO of Damas
Damas International Limited has appointed Anan Fakhreddin as Chief Executive Officer of the Company. Mr. Fakhreddin replaces Mr. Sanjay Kalsi, who held the position of Interim Acting Chief Executive Officer of the Company. Mr. Kalsi will resume his previous responsibilities as Chief Financial Officer of the Company. Anan Fakhreddin is a member of the Board [...]
Rachel Pineault, Formerly of De Beers, Joins Detour Gold
Detour Gold Corporation has announced the appointment of key personnel to the mine development team for the Detour Lake gold project. Detour Gold currently employs a total of 44 people at its corporate office in Toronto and at the project site. The Company is expected to employ approximately 1,000 people during the construction phase and [...]
Namdeb Diamond Sales in 2009 Down 40% ffrom 2008
Namdeb Diamond Corporation has announced its Results for the year ended 31 December 2009. Namdeb Managing Director, Inge Zaamwani-Kamwi, commenting on the overall industry, stated that in line with most products in the luxury goods sector, the diamond industry was severely affected in 2009 by the global recession. This was due to a combination of [...]
Gareth Penny says Diamond Co. De Beers Intends to ‘Exemplify our Commitment to ‘Live up to Diamonds’
London – De Beers has long been an exponent of the positive role of business in driving Africa’s development. This approach is outlined in the company’s Report to Society 2009, published today on www.debeersgroup.com. The Report charts the company’s recent sustainability performance and represents the collective input of hundreds of dedicated individuals both internal and [...]
Diamcor in Final Stages of Krone Endora Diamond Porject Acquisition from De Beers
Diamcor Mining Inc. is now in the final stages of closing for the previously announced acquisition of the Krone-Endora diamond project from diamond giant DeBeers Consolidated Mines Limited. With the second tranche of the financing now successfully completed, the Company has sufficient funds to complete the acquisition and its planned start of trial-mining. The Company [...]
Gabaake Gabaake Takes over from Varda Shine as DTC Botswana Chairman
The Board of Directors of the Diamond Trading Company Botswana (DTCB) is pleased to announce the appointment of Mr Gabaake G. Gabaake as the Board Chairman of DTCB. Mr. Gabaake takes over from Ms. Varda Shine who has served as the DTCB Board Chairperson since September 2007. Mr. Gabaake is currently the Permanent Secretary in [...]
Snap Lake Diamond Mine Surpasses $1 Billion Spent with NWT Businesses
De Beers Canada has spent $1 billion dollars with Northwest Territories businesses to construct and operate the Snap Lake Mine. The milestone includes more than $640 million spent with NWT Aboriginal businesses and joint ventures. “This milestone is a great measure of De Beers’ continued commitment to the North,” said Chantal Lavoie, Acting Chief Executive [...]
Strong Demand Witnessed at Diamdel Diamond Auctions; All 138 Diamond Lots Offered at Auction Sell
Strong demand was witnessed in January to March Diamdel sales, driven by small and medium scale specialist manufacturers. According to a news release, there was a notable increase in the strength of the Israeli market. Alongside traditional, placed sales made during the first sales cycle of 2010, Diamdel sold a full range of De Beers’ [...]
Former De Beers Diamond Jewellers CEO Joins American Achievement
American Achievement Corporation (AAC), a leading manufacturer, publisher, and supplier of products and services that recognize and inspire personal achievement and celebrate special moments in life, today announced that Alyce Alston has been named President and Chief Executive Officer. Ms. Alston has unparalleled experience as an outstanding brand builder, product innovator and dynamic marketing executive. [...]
Head of DTC Sightholding Company Michael Werdiger Among 7 UBS Clients Charged with Hiding Over $100 Milion in Secret Swiss Bank Accounts
Charges have been filed against seven individuals who collectively hid more than $100 million from the IRS by using sham companies to conceal their ownership of secret Swiss bank accounts held at UBS AG (UBS). Among those charges is Richard Werdiger, who owned, operated, and controlled, among other companies, Michael Werdiger, Inc. (MWI). Among other [...]