Botswana aims to buy majority stake in De Beers by October end | Metals Mine

  • Botswana aims to buy majority stake in De Beers by October end

    From mining-technology.com

    Botswana is seeking to close a deal to acquire a majority stake in De Beers by the end of October as negotiations continue with Anglo American, the diamond miner’s controlling shareholder, and other interested buyers, reported Bloomberg. Anglo American, which owns 85% of De Beers, has been working through a restructuring process for the past 16 months and is planning to divest its stake. The Government of Botswana, which already holds a 15% stake in the diamond company, aims to increase that to more than 50%. Botswana President Duma Boko confirmed that talks are under way with partners, including discussions with ... (full story)

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