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De Beers places Snap Lake mine in Canada on care and maintenance

The De Beers Group of Companies will place its Snap Lake mine on care and maintenance following a review of the mine’s operation, particularly in light of current market conditions. Work to suspend production at...

Anglo American diamonds production down 27% for Q3, 2015

International diamond major De Beers, in which Anglo American owns an 85% stake, decreased its diamond production by 27% in Q3, 2015 following the decision to reduce production to better reflect current trading conditions. This...