DE BEERS | OPEC | | Even before the Organization of Petroleum Exporting Countries in the last decade forced a 15-fold increase in the price of oil‚ suppliers of tin‚ nickel‚ coffee‚ cocoa and natural rubber were flexing market muscle‚ trying to control prices. | | Encouragement came from the United Nations Conference on Trade and Development‚ a body chiefly representing poor countries‚ which are the source of most commodities. The conference’s leaders saw higher prices as a way to improve the
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imported from that west African country. A week later‚ De Beers‚ the world’s largest diamond seller‚ announced a number of changes in its practices‚ and a week after that‚ an international gathering of the diamond industry called for measures to reduce traffic in "blood diamonds". uring the following two weeks‚ attention turned to larger‚ legal international diamond miners and sellers‚ in particular the leading firm in the diamond industry‚ De Beers Consolidated Mines Ltd. of South Africa. Founded in
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REPORT ON MONOPOLY: SOURCES AND EXAMPLES CONTENTS 1) AREA OF STUDY 2) METHOD OF STUDY 3) MAJOR REASONS OF MONOPOLIES 4) OWNERSHIP OF KEY RESOURCE : DE BEERS EXAMPLE 5) GOVT. OWNED STRATEGIC RESOURCES: CIL EXAMPLE 6) PATENTS IN DRUG INDUSTRY 7) NATURAL MONOPOLY: INDIAN RAILWAYS EXAMPLE 8) CONCLUSION 9) REFERENCES Area
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accessible to the eager prospectors.With the diamond deposits available and free of war‚ and the central government unable to enforce the cartel‚ 50‚000 prospectors have happily poured into the Cuango Valley of Angola. For most of the 20th century‚ De Beers sold 85% to 90% of the diamonds mined worldwide. With
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HIV/AIDS Team: Joy Beckett – De Beer’s HIV/AIDS Manager‚ operations Tracey Peterson – directed the HIV/AIDS community programs Dr. Dudley Wang – CMO of De Beers Group Michelle Venketsamy – administrative assistant. Facts: 1. At the end of the 2005 De beers had a comprehensive HIV/AIDS Strategy covering all the aspects of the prevention‚ education‚ treatment and community involvement. 2. In 2005‚ mining amounted to 7.5% of country’s GDP‚ but by 2006 it dropped to 2.3% 3. According to PwC
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sources in UK and US. The company was headquartered in London‚ United Kingdom. 1926 AAC became the major stakeholder in the De Beers company. 1928 AAC began mining in the Zambian copper belt. 1945 AAC moved into the coal industry by acquiring Coal Estates 1957 Sir Ernest died in Johannesburg and was succeeded by his son‚ Harry Oppenheimer‚ who also became chairman of De Beers. Late 1950’s AAC focused on the development of the Free State goldfields (seven major mines simultaneously) and the Vaal
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References: Allen‚ C. V. (1903). Diamond mining in the Kimberley field and the mechanical equipment of the Kimberley diamond mines Blood Diamonds. (2011). Retrieved from http://blooddiamonds.org/ Columbia University De Beers Group. (2011). Mining Safety. Retrieved from http://www.debeersgroup.com/en/Sustainability/Employees/Safety/ Diamond. (2005). Retrieved from Encyclopedia of World Trade From Ancient Times to the Present: http://proxy.devry.edu/form?qurl=http%3A%2F%2Fwww
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De Beers is currently being faced with some new challenges that are making it necessary for us to consider a change in the way we do business. With recent turmoil in Western Africa‚ where illicit diamonds are beginning to come from war torn villages‚ and other sources of diamonds being found in Russia and Australia‚ it is clear that we need to begin to move into the U.S. market. However‚ legally‚ De Beers is in violation of the U.S. antitrust laws and is therefore being prohibited from selling directly
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Nancy Alvarado MKT-245 July 25‚ 2012 David Thrope Executive Summary I believe that selling diamonds would create a social conflict because a company can run the risk of selling blood diamonds without even knowing‚ even though it can give a great profit to a jewelry company. Blood diamonds or conflict diamonds are “diamonds that come from areas where there is conflict such as violence groups and rebels that are protestors against their government like war zones. These diamonds are obtained
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Prepared for Mr. Grieg & Mrs. Chan March 4th 2012 The Victor Diamond Mine near James Bay in Northern Ontario rose lots of controversy over the environmental‚ economic‚ and social issues created by the mine. While the company that owns the mine‚ De Beers‚ says that the new mine will bring Canada new revenue and will boost the economy‚ the people of the Attawapiskat First Nation are in discontent over the failing water quality in regions around the mine. These First nations are extremely unhappy with
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