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De Beers renews R57m Afrox contract

De Beers renews R57m Afrox contract

Photo by Duane Daws

28th August 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – Diamond miner De Beers Group has renewed gas and welding company Afrox’s R57-million contract for the supply of industrial and medical gases, welding consumables and bulk liquefied petroleum gas for the next five years.

The contract came at a time when De Beers was investing R20-billion in building an underground mine beneath the operating openpit Venetia mine.

The underground operation would start production in 2021, continuing well into the 2040s, which would present Afrox with opportunities to grow the current portfolio.

“We are grateful to retain this business as it presents Afrox with an opportunity to leverage its capabilities to enhance the ongoing business relationship,” Afrox MD Schalk Venter said.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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