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%.


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