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

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%.