Thursday, February 8, 2007

De Beers to seal new empowerment deal - source

Diamond giant De Beers and the government are due to announce another South African black empowerment deal on Friday, an industry source said on Thursday.

De Beers finalised a 3.7-billion-rand deal last year to bring black investors into its South African business unit, but the latest deal would be extended to the actual mine operations, the source, who declined to be named, told Reuters.

Read more at Reuters South Africa

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