CAPITAL MARKETS

Rand threatens De Beers mines

SEVEN out of the eight diamond mines operated by De Beers in South Africa are under threat of closure or radical cost-cutting after the company’s chief executive, Jonathan Oppenheimer, admitted that they were losing money.

Tim Treadgold
Rand threatens De Beers mines

Most damage to the viability of the seven loss-making mines is coming from continued strength in the value of the South African currency, the rand. Oppenheimer has thrown down a challenge to the mine...

Start a free trial to continue reading this article

Already have an account?

Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.