We believe that strong leadership should be central to what we do every day, and plays a major role in how we help make mining matter. On a global level, our chief executive officers and directors are accountable to our group chief executive Mark Cutifani, and form part of the Group's executive committee.
At every step, from mine to ring finger, South Africa's diamond industry is benefitting from royalty and export tax structures riddled with loopholes, shortchanging citizens of one of the world's premier sources of diamonds of tens of millions of dollars a year in revenue.
On 13 March 1888, De Beers Consolidated Mines Ltd. was founded to exercise control over virtually all diamond production in South Africa. The company was registered in Kimberley, and was the merger of the De Beers Mining Company and Kimberley mines under the Kimberley Central Diamond Mining Company - managed by Barney Barnato.
The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.