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DeBeers To Stay In London
De Beers has no plans to move its marketing arm, the Diamond Trading
Company (DTC,) from London to South Africa.
South Africa's mining minister Phumzile Mlambo-Ngcuka told the press
on February 7, that she contacted DTC about relocating offices from
London to Johannesburg to promote industry growth. Gareth Penny,
managing director of the DTC, said such a move was not feasible.
De Beers' managing director Gary Ralfe said, on February 9 that De
Beers was a global business with a global business model. He added
that De Beers was "very sensitive to the needs of the company's
government partners in southern Africa."
Siteholders can continue to maintain that stiff upper lip.
Cheers!
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