De Beers is the world's leading diamond mining company. It has over a century of experience in the mining of diamonds and in the diamond trade, and it has an enormous amount of history, effort, and resources tied up in the diamond trade. More importantly, our company has its roots on the African continent. We are overwhelmingly concerned with the welfare of Africa's economies, its resources, and its peoples. We are eager to see the situation resolved, and are therefore pleased to have had this opportunity to offer our thoughts on possible solutions to this Committee. De Beers stands ready to offer assistance to those who would work constructively towards a solution that cuts off the trade in "conflict diamonds" while protecting the very real gains many African economies have made as a result of the legitimate diamond trade. Along with the members of this Committee and groups of concerned people across the world, De Beers shares a vision of a peaceful and economically strong Africa, and we thank the Committee for its consideration.
Rio Tinto Limited and Rio Tinto plc operate as one business organization (Rio Tinto). Rio Tinto is an international mining company. Rio Tinto’s business is finding, mining and processing mineral resources. Its major products include aluminium, copper, diamonds, coal, uranium, gold, industrial minerals (borax, titanium dioxide, salt, talc), and iron ore. Rio Tinto’s principal product and global support groups include Aluminum, Copper, Diamonds and Industrial Minerals, Energy, Iron Ore, Exploration and Technology and Innovation. Rio Tinto's Copper group comprises Kennecott Utah Copper in the United States and interests in the copper mines of Escondida, Grasberg, Northparkes and Palabora. Rio Tinto’s Aluminum group consists of integrated, bauxite, alumina and aluminium businesses. The Rio Tinto Energy Group comprises uranium, thermal coal and coking coal operations. On November 14, 2007, Rio Tinto Canada Holding Inc., an indirect wholly owned subsidiary of Rio Tinto acquired Alcan Inc.
Newmont Mining Corporation (Newmont) is primarily a gold producer with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand and Mexico. As of December 31, 2007, Newmont had proven and probable gold reserves of 86.5 million equity ounces and an aggregate land position of approximately 42,680 square miles (110,550 square kilometers). Newmont is also engaged in the production of copper, principally through its Batu Hijau operation in Indonesia. The Company has operating segments of Nevada, Yanacocha in Peru, Australia/New Zealand, Batu Hijau in Indonesia, Africa and Other Operations comprising smaller operations in Bolivia, Mexico and Canada. It also has a Merchant Banking Segment and an Exploration Segment. In March 2008, Newmont Mining B.C. Limited, an indirect wholly owned subsidiary of Newmont Mining Corporation, acquired the remaining interest in Miramar Mining Corporation.
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