Boko targets October deadline for De Beers stake deal

Selling De Beers presents Anglo with some tricky politics

THE sale of De Beers was always going to be the hardest part of Anglo American’s restructuring, first announced in May 2024, not least owing to the severe downturn in the sector over the past three years. While there are some faint signs of recovery in the diamond market, analysts are not positive especially with regards to Anglo. “With headwinds from across the board, we see the market expectations for any material value realisation for diamond…

Boko targets October deadline for De Beers stake deal

Sunday Standard Boko targets October deadline for De Beers stake deal President Duma Boko says Botswana could wrap up negotiations to acquire Anglo American’s controlling stake in De Beers by the end of October, setting an ambitious timeline for a transaction that would transform the country’s role in the diamond industry. .ihc-locker-wrap{}There's more to this story But to keep reading, we need you to subscribe. Investigative journalism is an i…