Namibia throws hat into De Beers ring

The Namibian Sun on Tuesday reported unnamed government sources as saying the Cabinet in that country had approved a push for between 10 and 15% equity in De Beers. Anglo American, which has been an investor in De Beers for more than 90 years, is finalising a shortlist of bidders for its 85% stake in the diamond group, as part of a strategic shift towards minerals such as copper.

“We are interested, but there remain concerns about our financial capacity to afford a stake,”