De Beers renews R57m Afrox contract

28th August 2015 By: Megan van Wyngaardt - Creamer Media Contributing Editor Online

De Beers renews R57m Afrox contract

Photo by: Duane Daws

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.