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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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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Annual review 2007 years of diamond production Namdeb Annual Review 2007 1 years of Contents Vision‚ mission and values 100 years of history How diamonds benefit Namibia Organisational profile Chairman’s statement Financial performance Namdeb ’s year in review Managing director’s review Economic performance Building a sustainable Oranjemund diamond production Our vision Namdeb – the world’s leading alluvial-diamond mining company. 28 30 36 42 50 52 53 54 55 55 1 2 4 6
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commissions. The SCO had full discretion as to what diamonds to sell‚ to whom and when. The division of the economic pie depended on the arrangements the CSO made with its counterpart and was mostly based on the quality of the output. 3. Should De Beers pull the plug on the CSO’s stock lining strategy? Depending on your answer‚ what specific actions would you recommend? 1. What function does the CSO perform as a global intermediary? How do these functions help expand the economic pie in the diamond
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Case De Beers Strategy 2011-2012 Martijn Hartog 308693 Question 1: What functions does the CSO perform as a global intermediary? How do these functions help expend the economic pie in the diamond industry? The CSO operates as preferred (primary) buyer of rough diamonds all over the world. These rights are contracted with countries and mines for a period of five years. This in order to dominate to dominate and regulate the world rough diamond industry. This by adjusting the amount of supply flowing
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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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determined that the mean duration of discovered cartels is from 5 to 8 years. However‚ once a cartel is broken‚ the incentives to form the cartel return and the cartel may be re-formed. Publicly-known cartels that do not follow this cycle include the De Beers diamond cartel and the Organization of the Petroleum Exporting Countries (OPEC). Of a sample of forty such cartels prosecuted by the United States and European Union in the 1990s‚ twenty-four lasted at least four years. And for the twenty cartels
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extraordinary. That is one of the main reasons that the advertisement is so popular and successful. Undoubtedly many people are pretty familiar with this famous slogan of De Beers which has lasted for more than fifty years since 1953. This slogan is so well- known and successful that it eventually makes up the spirit of the brand De Beers. However this slogan has become so naturalized for us that we do not stop to consider its actual meaning. The slogan here implies a little trick or in some ways‚ which
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