1 December 2015
01 Dec 2015
De Beers Consolidated Mines (DBCM), a 26% BEE (black economic empowered) company, has signed an agreement to sell Kimberley Mines (including the tailings mineral resources (“TMR”) as a going concern to Ekapa Minerals (Pty) Limited (“Ekapa Minerals”) - an investor consortium. The consortium comprises Ekapa Mining (Pty) (“Ekapa Mining”)(50.1%) and Petra Diamonds Limited (“Petra”) (49.9%), which both have proven track records in diamond mining in Kimberley; Ekapa Mining as a medium sized TMR processing business, and Petra Diamonds in the underground workings of the Kimberley Underground Mines.