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De Beers reduces loan to US$2.48 billion

DE BEERS said it has made a US$710 million voluntary pre-payment to banks, bringing the balance o...

Greg Tubby
De Beers reduces loan to US$2.48 billion

The diamond cartel took a US$3.55 million term facility from a syndicate of banks in mid-2001 to pay for its buyout of minority shareholders. The company is now 45% owned by Anglo American, with the...

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