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LAST UPDATE: 24/9/2008 - 5:58PM EAT

Wednesday, September 10, 2008

De Beers calls it quits at Mwadui Diamonds

2008-09-10 10:02:53
By Guardian Reporter

Williamson Diamonds Limited`s all-time majority shareholder, De Beers, yesterday concluded a deal that saw its entire 75 per cent stakes changing ownership to Petra Diamonds Limited (Petra).

The transaction earned De Beers, which has operated its interests at WDL through Willcroft Company Limited in a joint venture with the government of Tanzania over the past 50 years, an instant USD10 million (about 11.7bn/-). More...


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