De Beers clinches R5,8bn ten-year BEE fuel supply transaction

April 3, 2007

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.

... read more

If a link does not open, right click on it and select "open in a new window"

What do you think about this article? You can air your views in the space provided below.