DeBeers cares about black people
November 8, 2005 4:33 PM Subscribe
DeBeers is selling 26% of its mining operations to a South African "black empowerment" holding company. The new company's shareholders include DeBeers mines' local employees and pensioners and trusts benefiting disadvantaged groups. Its chairman has been a prominent figure in the ANC and the National Union of Mineworkers. Seems pretty cool, even if DeBeers is only doing it because South Africa's Mining Charter says they have to.
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