Cecil rodes's first round of diamond mine consolidation with de beers consolidated mines was continued by sir ernest oppenheimer (1880–1957) best represents this phase, with his strengthening of the market power of de beers and his development from 1917 of the giant anglo american mining company (whose gold interests are now held by anglogold. In march 1888, rhodes bought out the company of his last competitor, the circus showman turned diamond millionaire barney barnato, to form de beers consolidated mines, a sprawling national monopoly that controlled 90% of world diamond production. Background barney barnato claimed he had the same birthday as cecil rhodes (5 july 1853) most biographies give his date of birth as 5 july 1852 however, his birth certificate (supported by census data) shows he was born barnet isaacs in the city of london on 21 february 1851, the son of isaac and leah isaacs. On 13 march 1888, rhodes and rudd launched de beers consolidated mines after the amalgamation of a number of individual claims with £200,000 of capital, the company, of which rhodes was secretary, owned the largest interest in the mine (£200,000 in 1880 = £129m in 2004 = $225m usd  .
Cecil john rhodes, a british immigrant to southern africa, founded the de beers diamond monopoly, served as prime minister of britain ’ s cape colony, and colonized southern and northern rhodesia (later zimbabwe and zambia) rhodes was the embodiment of late nineteenth-century rapacious capitalism and imperialism. To complete the kimberley mines story, the wesselton mine, the fifth big mine in the kimberley area, was discovered on the farm benaauwheidsfontein 21 years after the first rush to the dry diggings and two years after the great amalgamation when barney barnato and cecil rhodes agreed to join forces and formed de beers consolidated mines in 1888. The vehicle that aided cecil john rhodes’ meteoric rise from diamond digger to mining magnate and industry mono- polist was the de beers mining company.
He was not only very fond of the place and its people, but he had, as he used to say, to look after his bread and cheese, meaning the de beers consolidated mines, from which he derived his principal income. When he returned to south africa, young rhodes set about consolidating diamond mining claims operations in kimberley, and by 1888 he and his partner charles rudd had succeeded in creating a monopoly — de beers consolidated mines —which (as the de beers group of companies) controls the diamond market to this day. Barney barnato (21 february 1851 – 14 june 1897), born barnet isaacs, was a british randlord, one of the entrepreneurs who gained control of diamond mining, and later gold mining, in south africa from the 1870she is perhaps best remembered as being a rival of cecil rhodes.
Barnato was born in london with the name barnet isaacs in one of three years he claimed he had the same birthday as rhodes – 5 july 1853 most biographies put the date a year earlier, but wikipedia claims that his birth certificate says 21 february 1851. Cecil john rhodes (1853–1902) sir joseph benjamin robinson, 1st bt cecil rhodes's first round of diamond mine consolidation with de beers consolidated mines was continued by sir ernest oppenheimer barney barnato's johannesburg consolidated investment company or johnnies became jci limited. Rhodes proposed that they merge the de beers dmc into kimberley central dmc, forming one new consolidated company de beers consolidated mines the merger made sense, even though they both knew that the merger would upset some of the shareholders.
In 1888, rhodes had also secured a monopoly of the kimberley diamond production by the creation (with barnato) of the de beers consolidated mines, which reputedly had the largest capital in the world. Rhodes, cecil (1853 - 1902) (sĕs'ĭl, rōdz), 1853–1902, british imperialist and business magnate the son of a hertfordshire clergyman, he first went to south africa in 1870, joining his oldest brother, herbert, on a cotton plantation in natal. Cecil rhodes and barney barnato were born within a year of each other, one the son of a hertfordshire clergyman, the other in the east end of london they separately emigrated to south africa and, despite all the odds, both became multi-millionaires due to their success at diamond mining.
London-born barney barnato (isaacs) was a partner of cecil john rhodes in forming the de beers diamond mining company control later passed (with the assistance of the rothschilds) to the german jewish family of ernest oppenheimer. Rhodes gained barnato's support to amalgamate the two companies as de beers consolidated mines ltd by promising to make him one of the four life-governors, by arranging for him to be elected as a member of the cape assembly, and by procuring him membership to the exclusive kimberley club. During his years at oxford, rhodes continued to prosper in kimberley before his departure for oxford, he and cd rudd had moved from the kimberley mine to invest in the more costly claims of what was known as old de beers (vooruitzicht) it was named after johannes nicolaas de beer and his brother.
And so, in april 1888, in search of an oligopoly over diamond production, rhodes and rudd launched the de beers consolidated mines mining company with 200 000 pounds capital the company, of which rhodes was secretary, owned the largest interest in mines in south africa. Rhodes the man and his work 82 index 91 cecil john rhodes 1853-1902 chapter i how rhodes went to south africa cecil john rhodes, as he said himself, came of fanning stock his ancestors were substantial people, of st pancras parish in the north of london, the founder of the family being a certain william rhodes, a staffordshire man, who. The merger resulted in 1888 the foundation of the renowned de beers consolidated mines ltd with rhodes, beit, barnato and fs philipson stow (another talented associate of rhodes) serving as life director.