De Beers to Shutter South African Diamond Mine to Save Cash

De Beers to shutter South African diamond mine to save cash

Diamond giant De Beers plans to halt production at its South African mine for two years, as the one-time monopoly continues to wrestle with

De Beers to Shutter South African Diamond Mine to Save Cash

The diamond giant will halt production at the mine for two years to cut costs, but said the move won't impact output goals as it will produc

To reduce costs: De Beers to pause work at S.Africa's largest diamond mine

De Beers halts output at South African diamond mine as weak prices weigh on sale

Anglo American looking to sell diamond business as competition from lab-grown stones intensifies

Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure

This month Bloomberg reported that De Beers cut its prices to bring them much closer to the market rate, abandoning its premium position. Th

De Beers idles South Africa’s top diamond mine for two years

Cost-cutting measures deepen as the miner restructures operations and prepares for a long-awaited sale.