Tag: Anglo American
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Diamond-Rich Botswana Courts UAE, Oman to Buy De Beers Stake
Botswana Seeks Greater Control of Its Diamond Future Botswana, Africa’s leading diamond producer by value, is pursuing an ambitious strategy to increase its influence over the global diamond industry by seeking support from the United Arab Emirates (UAE) and Oman in acquiring a strategic stake in De Beers, the world’s most recognized diamond company. The…
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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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