De Beers Consolidates Canadian and South African Mining Assets

Mining and Exploration
26/02/2019 11:42

The De Beers group is set to consolidate its Canadian and South African mining business into a single unit to streamline operational management of the Venetia Mine, Gahcho Kué Mine and De Beers Marine under a single leadership team based in Johannesburg. The new unit, called De Beers Group Managed Operations, will be headed by the group’s former DBCM deputy CEO, Nompumelelo (Mpumi) Zikalala.

The company said in an announcement that the restructuring was "necessitated by the company’s reduced mining footprint in South Africa and Canada due to the closures of Snap Lake and Voorspoed Mines, along with the imminent closure of Victor Mine during May 2019." Zikalala, a chemical engineer, will have Gahcho Kué Mine, a Canadian mine brought into operation in 2016 and Chidliak Project, acquired in 2018, under her management, as well as the Venetia mine in South Africa and De Beers Marine which operates off the coast of Namibia.

"Our businesses in these countries face very different challenges and require a leader of Mpumi’s skill, vision and experience to maximize their full potential, said Bruce Cleaver, CEO, De Beers Group. Her role will replace those currently held by Phillip Barton, CEO, DBCM, who has been with De Beers Group for more than 30 years, and Kim Truter, CEO, De Beers Canada. Both will leave the organization to focus on new opportunities.