Diamonds, News & Features, Resource News
De Beers expects SA unit to produce 6.4m carats in 2011
By Mineweb · August 30, 2011 · 8:22 am · Leave a Comment
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By Wendell Roelf
Diamond producer De Beers expects its South African unit to produce 6.5 million carats in 2011, a million less than last year as the effects of mine disposals filter down, the unit’s chief executive said on Monday.
De Beers, one of the world’s top diamond producers, has since 2007 sold several of its South African mines including Cullinan, Jagersfontein, Namaqualand and Finsch, as it has moved to streamline its business to enhance profitability.
