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DE BEERS RELEASES ITS 2010 REPORT TO SOCIETY
27 June 2011

In 2010, De Beers supplied US$1.12 billion in rough diamonds to DTC sightholders for manufacture in southern Africa, compared to US$579 million worth of rough in 2009, according to the company's sixth annual Report to Society, which includes performance data for those businesses that De Beers either owns or has a shareholding in, and that have significant economic, social and environmental impacts. The report, titled "Living up to Diamonds," charts the company's sustainability performance in 2010 and includes the following highlights:

  • With a 34 percent increase in overall production, De Beers was able to increase payments to international stakeholders to US$5.0 billion (2009: US$3.4 billion);
  • De Beers disbursed a total of US$29.8 million in community social investment, including contractually mandated initiatives and in-kind contributions. This amounts to 3.3 percent of pre-tax profits of US$894 million and is in excess of the international benchmark of 1 percent;
  • De Beers continued to provide Anti-Retroviral Treatment to a total of 1,652 employees and their partners in Botswana, Namibia and South Africa;
  • The company's use of reused and recycled water at its southern African mines remained constant at 50 percent of its total freshwater footprint. In 2010, De Beers used 38.09 million m│ of new (potable and non-potable) water across all operations. This represents a 63 percent year-on-year increase, mainly due to a 34 percent increase in production in 2010, following the global financial crisis in 2009;
  • In 2010, The Diamond Route, a cross-provincial, nine-site tourism route across southern Africa, won the prestigious Nedbank Capital Green Mining Award in the Sustainability category.

"In engaging with the challenge 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," says Nicky Oppenheimer, De Beers Chairman.

To read the Report to Society Summary Review, click on the image below:

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