De Beers Sells South African Mine To Black Investors

September 29, 2010  |  

(Business Week) — De Beers, the world’s largest diamond producer, sold a South African mine that has been closed for almost 40 years to black investors.

The Superkolong consortium acquired all De Beers assets at the Jagersfontein mine, including its dumps, the gem producer said in an e-mailed statement today. De Beers kept the sale price undisclosed because the transaction was private, company spokesman Tom Tweedy said by mobile phone.

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