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De Beers Publishes its 2010 Sustainability Report

Jun 23, 2011 7:01 AM   By Jeff Miller
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RAPAPORT... De Beers published its sixth annual report to society,  "Living up to Diamonds," which charted the company’s sustainability performance for the year 2010.

During the period, De Beers supplied $1.12 billion in rough diamonds to sightholders for manufacturing just in  southern Africa, representing a 93 percent increase from 2009. Additionally, De Beers reused and recycled precious water at its southern African mines to maintain a 50 percent  freshwater footprint. De Beers used 38.09 million m³ of new, potable and non-potable water across all operations, which represented  a 63 percent year on year increase, mainly due to a 34 percent increase in diamond production.

De Beers provided anti–retroviral treatment to  1,652 employees and their partners in Botswana, Namibia and South Africa during the year. The diamond mining giant  also disbursed $29.8 million in community social investment, including contractually mandated initiatives and in-kind contributions. The figure amounted to 3.3 percent of pre-tax profits and was in excess of the international benchmark of 1 percent. 

Finally,  "The Diamond Route,"   a cross-provincial, nine-site conservation and tourism route across South Africa, won De Beers and the Oppenheimer family the prestigious Nedbank Capital Green Mining Award in the sustainability category.

Nicky Oppenheimer, chairman of De Beers, said, ''In engaging with the challenges of operating in this new global economy, our commitment to live up to the emotional promise of the product we sell has, if anything, been reaffirmed. The success of our business, and its future growth, depends on our ability to create shared value with our producer partners, our local communities, our employees and our consumers.”

Tags: africa, De Beers, Jeff Miller, mining, responsible, south, sustainability
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