Gov’t to ‘raise hand’ for higher De Beers stake

At the Future of Mining Summit this week, Minister of Minerals and Energy Lefoko Moagi said that the de-merger decision by Anglo has excited the government, which will tussle to protect its shareholding and up its stake in De Beers.

“It’s about time people in the diamond forte come in and play into the space, we are prepared and doing our work to ensure that when those shares are offered to us we are there as Botswana government to take them,” he said. “We will immediately raise our hand and we will seek partners with patient capital to invest,” Moagi said.