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April 3, 2007
De Beers clinches R5,8bn ten-year BEE fuel supply transaction
Diamond mining giant De Beers Consolidated Mines on Tuesday concluded a major fuel supply deal and social investment in mining areas initiative with three black economically-empowered (BEE) companies as part of a R5,8-billion ten-year transaction...
The two deals already signed are with BP-linked Masana Petroleum Solutions (65% BEE) and Chevron supplier KZN Oils (100% BEE). Together, the tenders constitute the biggest portion of the three separate deals and are together worth R350-million a year over the next decade.
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Posted by bernievn at April 3, 2007 1:54 PM