US appeals court rejects De Beers’ $272.5m class action settlement
A U.S. appeals court has rejected a $272.5 million class-action settlement between De Beers and purchasers of the company’s diamonds who said they were harmed by the company’s antitrust behaviour. The appeals court sent the settlement back to a lower court for further consideration and to clarify which claims are subject to the treatment as [...]
Debswana to proceed with Jwaneng Tailings Project
Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company, is responsible for financing, construction and operation of the plant. Firestone Diamonds plc is an international diamond mining and exploration company with operations in Botswana and South Africa. Botswana is the world’s largest and lowest cost producer of diamonds, with annual production worth over $2.5 [...]
Implementing a Corporate Free, Prior, and Informed Consent Policy: Benefits and Challenges
A report posted on the Business and Human Rights Resource Centre website deals with oil company Talisman Energy and the right of Indigenous Peoples to Free Prior Informed Consent before ‘development’ projects are carried out on their land. The report also refers to Anglo American, De Beers, Rio Tinto and Xstrata. See http://www.business-humanrights.org/Links/Repository/1000707.
South African union declares wage dispute with De Beers
South Africa’s biggest union said it had declared a wage dispute with the world’s top diamond producer De Beers, and had asked an arbitration authority to mediate. The National Union of Mineworkers (NUM) said in a statement it had declared the dispute after talks with De Beers — 45 percent owned by miner Anglo American [...]
Benchmarks report on De Beers
The South African Benchmarks Foundation has produced a report on the activities of De Beers in Botswana and on South Africa’s west coast. London-based Anglo American plc owns 45% of De Beers. See http://www.bench-marks.org.za/ and click on the repots listed on the right hand side of the home page.
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