Industry News by Nemesis

De Beers Completes Kimberley Mine Sale

January 22, 2016



De Beers has announced that the sale of its Kimberly Mine and all its assets has been completed.


Ekapa Mineral Ltd., an investor consortium comprising a 50.1 percent Ekapa Mining Pty stake and a 49.9 percent Petra Diamonds Limited stake are the new confirmed owners.


When it first announced it was selling the mine, De Beers received more than 70 expressions of interest. The company was impressed with Ekapa Minerals, not just for its technical expertise in tailings mineral resources, but its ongoing commitment to the Kimberley region.


De Beers Consolidated Mines continues to operate two other diamond mines in South Africa, namely Voorspoed Mine in Kroonstad and Venetia Mine in the Limpopo Province.


Source: Idex

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