This academic history of diamond mining in Kimberley is a major
study of the beginning of South Africa's mineral revolution. It
includes the first analysis of the formation of De Beers
Consolidated Mines, one of the most successful companies ever to
have been established in Africa. Based on documentary sources,
notably in the Standard Bank Archive, the Rothschild Archive and
the Philipson Stow Papers, it includes an interpretation of the
Black Flag Revolt and of the celebrated amalgamation struggle
between Cecil Rhodes and Barney Barnato for the control of the
diamond-mining industry. It also contains a narrative and analysis
of strikes in mines in South Africa and an extended treatment of
the social and economic structure of illicit diamond buying. But at
its heart lies the introduction of the compound system and the
structural explanation of the role played by this institution in
the accummulation of diamond-mining capital.
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