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Home > Company Index > Metals & Mining > Diamonds & Other Precious Stones > De Beers Consolidated Mines Limited

De Beers Consolidated Mines Limited
 NEWS FROM THE STANDARD
The Unlikely Revolutionary
Oct 09 2000 12:00 AM PDT

 PROFILE
De Beers Consolidated Mines Limited (DBCM) hopes that diamonds are, indeed, forever. The world's largest diamond mining and marketing company, DBCM controls the De Beers mining interests in South Africa. In 2000 De Beers shifted its focus from mining to marketing, replacing the old Central Selling Organization (a powerful cartel that has been weakened by the rise of Australian and Russian diamonds) with the new Diamond Trading Company. DBCM and sister company De Beers Centenary were taken private in 2001 by a consortium made up of South Africa mining giant Anglo American and the Oppenheimer family (45% each) and Debswana Diamond. Nicky Oppenheimer, grandson of Anglo American's founder, heads DBCM.

 COMPETITION
BHP Billiton (BHP)
Rio Tinto plc (RTP)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 5,320.00
1-Yr. Sales Growth: 1,451.0%
Employees: 11,207
Revenue per employee: $474,703.31

 KEY PEOPLE
• Gary M. Ralfe
    CEO
• G. P. L. Kell
    CFO

 CONTACT INFO
36 Stockdale St.
Kimberley 8301, South Africa
Phone: 27-053-839-4111
Fax: 27-053-839-4210
Online: Web Site

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