Tag: Anglo American
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🇧🇼 Botswana Nears Historic Deal for Majority Stake in De Beers
In a move that could dramatically reshape the global diamond industry, Botswana is pushing to finalize a deal to acquire a majority stake in the legendary gem company, De Beers, by the end of next month. This potential acquisition represents a seismic shift for the southern African nation, which has been the primary source of…
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🇬🇧 Anglo American’s handling of the De Beers sale
Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, sources say. Anglo is selling De Beers as part of a restructuring plan after the company fended off a takeover approach from BHP last year. Botswana is weighing options including buying Anglo’s stake in…
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