Anglo, De Beers face billion-dollar diamond shake-up

Debswana Jwaneng Mine PIC: MORERI SEJAKGOMO
Debswana Jwaneng Mine PIC: MORERI SEJAKGOMO

Anglo American is reportedly weighing a sale of De Beers and has engaged with potential bidders, following a review of assets announced in February, leading international media and other industry analysts said yesterday.

Meanwhile, Australian mining giant, BHP, has separately moved towards a $39 billion (P540 billion) offer to fully take over Anglo American. At present, the deal includes De Beers and involves as yet unclear implications on the country’s ongoing efforts around diamonds.

The Wall Street Journal yesterday reported that Anglo was looking at selling De Beers, the diamond giant in which it holds 85% equity interest. The Government of Botswana holds the other 15%.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up