De Beers spokesperson
Appears in 1 story
Confirmed section 189 retrenchment consultations had begun
De Beers is pausing production at Venetia, South Africa's largest diamond mine, for two years. The mine accounts for 40% of the country's diamond output and employs about 4,400 people, but every carat it sold last year fetched $66 while extraction cost $110.
Updated 1 hour ago
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