The History of Mining. Michael Coulson

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threatened the industry Sir Ernest Oppenheimer, building on Rhodes’s amalgamation success, tightened market discipline by setting up the single marketing channel, the CSO. We will look at this in more detail later. It saved the industry and lasted over 70 years before new forces in diamonds led to a break up of what had come close to being a De Beers monopoly. Rhodes would have been highly satisfied that his brainchild had managed to survive so long.

      The Kimberley diamond pipe in South Africa with its hundreds of individual claims and extensive network of haulage ropes, 1877

      Source: Mining

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