Tag: Anglo American

De Beers
MiningBusiness

Botswana plans to double De Beers stake to 30% as Anglo American exits

Botswana De Beers stake will double to 30% as Anglo American prepares to sell its controlling interest in the diamond giant.

Timilehin Adejumobi Timilehin Adejumobi
De Beers
BusinessGlobal News

De Beers commits $75 million to Botswana’s economic diversification fund

De Beers commits $75 million to Botswana’s diversification fund as the country seeks new industries, jobs and growth beyond diamonds.

Oluwatosin Alao Oluwatosin Alao
De Beers
BusinessMining

De Beers raises 2026 diamond target despite South Africa mine shutdown

De Beers raises its 2026 diamond production target as prices plunge 37%, while Botswana, Namibia and Angola seek a bigger stake in the group.

Oluwatosin Alao Oluwatosin Alao
South Africa's richest man Johann Rupert
BusinessBillionairesMining

Johann Rupert’s Richemont eyes stake in De Beers takeover

De Beers' $2.3 billion valuation draws interest from Johann Rupert's Richemont and Signet as African diamond producers seek bigger stakes.

Oluwatosin Alao Oluwatosin Alao
De Beers
BusinessLuxuryMining

De Beers returns to Israeli diamond market after nine years

De Beers returns to Israel's diamond market after nine years as tax reforms seek to revive trade amid falling prices and exports.

Timilehin Adejumobi Timilehin Adejumobi
Anglo American
MiningBusiness

Anglo American warns of Brazil Nickel closure if EU blocks sale to MMG

Anglo American warns of Brazil nickel closure if EU regulators block its $500 million sale to MMG.

Timilehin Adejumobi Timilehin Adejumobi
De Beers
BusinessCompanies

Botswana eyes bigger stake in De Beers as diamond industry enters new era

Botswana is preparing to seek a larger stake in De Beers as Anglo American moves to exit the diamond business, but the government has yet to decide how much it can afford to buy. Vice President and Finance Minister Ndaba Gaolathe said any holding would exceed Botswana’s current 15% interest.  The government is balancing that ambition against worsening public finances…

Oluwatosin Alao Oluwatosin Alao
Kumba Iron Ore
BusinessHot News

Anglo American’s Kumba signs year-long iron ore deal with China’s CMRG

Kumba iron ore deal with China’s CMRG covers about 10 million tons, strengthening Anglo American’s access to China’s steel market.

Timilehin Adejumobi Timilehin Adejumobi
Incoming Anglo Teck CEO, Duncan Wanblad
BusinessHot News

Anglo American, Teck unveil leadership team for planned Anglo Teck merger

Anglo American and Teck reveal Anglo Teck's executive team ahead of merger completion and regulatory approvals.

Timilehin Adejumobi Timilehin Adejumobi
Anglo American De Beers
BusinessHot News

Anglo American in talks to sell De Beers for about $1 billion 

De Beers sale talks reach $1 billion as Anglo American seeks buyer amid diamond market challenges and weak global demand.

Timilehin Adejumobi Timilehin Adejumobi
DE BEERS
BusinessHot News

De Beers to halt South Africa’s Venetia mine for two years in major shift

De Beers Venetia Mine halt highlights South Africa’s diamond industry crisis as weak demand forces a two-year production pause.

Timilehin Adejumobi Timilehin Adejumobi
De Beers Group
BusinessHot News

Botswana engages UAE and Oman over De Beers stake acquisition

Botswana De Beers stake acquisition talks expand as Botswana engages UAE and Oman for backing amid Anglo American exit from De Beers.

Timilehin Adejumobi Timilehin Adejumobi