Also known as: parent company Anglo American
Anglo American — mining company selling its 85% stake in De Beers amid weak diamond market conditions and cost-cutting measures.
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Windhoek Observer
Anglo American is advancing the sale process for De Beers
“Anglo American chief executive officer Duncan Wanblad said the company is advancing the sale process for De Beers while implementing measures to improve its cost performance and reduce capital expenditure to lessen the impact of weak diamond demand.”
De Beers sale process advances amid weak diamond marketThe Namibian
Anglo American has been looking to sell its shares in De Beers since 2024
“Parent company Anglo American has been looking to sell its shares in De Beers since 2024.”
Diamond breakup: Namibia told to dump De BeersWindhoek Observer
Anglo American reported 88% year-on-year increase in rough diamond output to 7.8 million carats
“While Namibia's production was stable, Anglo American reported a significant increase in overall rough diamond output, with production rising 88% year-on-year to 7.8 million carats.”
Diamond production stood at 531 000 carats during Q2Windhoek Observer
Anglo American is selling De Beers as part of major restructuring
“Anglo American is selling De Beers as part of a major restructuring following BHP's takeover bid for the parent company a couple of years ago.”
Botswana seeks UAE, Oman support to acquire De Beers stakeWindhoek Observer
Anglo American slashed in February De Beers' valuation for third time in three years
“The company has since refocused on copper and iron ore, and in February, it slashed De Beers' valuation for the third time in three years.”
Botswana seeks UAE, Oman support to acquire De Beers stakeThe Namibian
Anglo American put its 85% stake in De Beers up for sale following its announcement in May 2024 that it would exit De Beers
“The negotiations come after mining conglomerate Anglo American put its 85% stake in the company up for sale following its announcement in May 2024 that it would exit De Beers as part of a broader restructuring aimed at focusing on copper and iron ore.”
Namibia considers N$3bn De Beers stake as experts warn ‘you don’t buy a dead horse’The Namibian
Anglo American created huge wealth from 130 years of diamond mining in Namibia
“Compare this to the wealth it created for Anglo American, De Beers and England.”
Namra targets tax compliance and governance in mineral and petroleum licence transfersThe Namibian
Anglo American dramatically reduced the internal valuation of De Beers to US$2.3 billion from US$4.1 billion
“This comes as multinational mining company Anglo American dramatically reduced the internal valuation of diamond company De Beers to US$2.3 billion (about N$36.9 billion), following ongoing financial struggles.”
Debmarine works to mitigate pressures on natural diamondsThe Namibian
Anglo American reduced internal valuation of De Beers to US$2.3 billion from US$4.1 billion
“The move by multinational mining company Anglo American to dramatically reduce internal valuation of diamond company De Beers to US$2.3 billion (about N$36.9 billion), following consistent financial struggles, may have an impact on Namibia's funding for schooling, hospitals, roads and social programmes.”
Namibia faces fiscal pressure as synthetic diamonds devalue natural marketPremier Foods announced the closure of its Fruit Products Western Cape business, citing declining global demand, pricing pressure, rising input costs, and U.S. tariffs as reasons. The plant closure could affect 246 permanent employees and up to 2,200 contract and seasonal employees.
1 August 2026 · The Namibian →
Premier Foods announced the closure of its Fruit Products Western Cape business, citing declining global demand, pricing pressure, rising input costs, and U.S. tariffs as reasons. The plant closure could affect 246 permanent employees and up to 2,200 contract and seasonal employees.
1 August 2026 · The Namibian →
Anglo American is advancing its sale process for De Beers while implementing cost-cutting measures in response to weak global diamond market conditions. MoneyWeb reports discussions on a deal valued at about US$1 billion, a steep decline from the company's earlier carrying value of US$2.3 billion after three impairments in three years.
31 July 2026 · Windhoek Observer →
Economist Robin Sherbourne has advised Namibia to buy out its stake in Namdeb and sell its high-quality natural diamonds independently of the De Beers system, arguing that Namibia's 95% gem-quality diamonds may be undervalued when aggregated with lower-quality diamonds globally.
30 July 2026 · The Namibian →
Namibia's rough diamond production remained stable at 531,000 carats in the second quarter, as higher-grade mining at Namdeb offset operational disruptions at Debmarine Namibia, according to Anglo American's production report.
24 July 2026 · Windhoek Observer →
The Ministry of Industries, Mines and Energy dismissed reports that Namibia has lost its bid to acquire a stake in De Beers, calling circulating information "misleading and incorrect," after Botswana's minister said Anglo American had selected the Global Diamond Consortium as its preferred bidder for the diamond producer's sale.
19 July 2026 · The Namibian →
Botswana President Duma Boko said the country is seeking an investment partner from the UAE and Oman to acquire a strategic stake in De Beers as Anglo American sells its 85% stake in the diamond producer. Botswana already owns 15% of De Beers and is also engaging with Namibia and Angola to explore alliances to increase its holding.
22 June 2026 · Windhoek Observer →
The government is considering spending up to N$3 billion to buy a stake in De Beers, reportedly partnering with Angola and Botswana, which already hold 15% of the diamond company. The deal follows Anglo American's decision to exit De Beers and sell its 85% stake, with De Beers' valuation dropping significantly from N$65.7 billion to N$6.9 billion.
11 June 2026 · The Namibian →
The Namibia Revenue Agency has called a meeting at its Windhoek head office to address legal compliance and governance challenges in the transfer of mineral and petroleum licences and company shares, bringing together regulators, policymakers, tax officials, industry representatives and taxpayers. Former Cabinet minister Calle Schlettwein has criticised the regulatory framework, saying mineral rights are not adequately treated as state assets and arguing that many mineral companies employ tax avoidance schemes that result in profits leaving Namibia.
13 March 2026 · The Namibian →
Debmarine Namibia is pursuing brand-building and consumer education to protect the natural diamond industry as synthetic diamonds devalue the market and reduce consumer appetite. The strategy comes as De Beers' valuation has plummeted from US$4.1 billion to US$2.3 billion, potentially affecting Namibia's funding for schools, hospitals, roads and social programmes.
11 March 2026 · The Namibian →
Anglo American's sharp devaluation of De Beers to US$2.3 billion reflects the diamond industry's struggles amid competition from lab-grown diamonds, which threatens Namibia's fiscal health since diamonds fund schools, hospitals and roads. Experts debate whether Namibia should invest in the sector as Anglo American seeks buyers, with some warning the industry faces long-term decline.
25 February 2026 · The Namibian →
Rio Tinto has ended merger discussions with Glencore, saying no agreement could be reached that would deliver shareholder value. Glencore countered that Rio Tinto's offer "significantly undervalued" the company, particularly its copper business, and that Rio Tinto's insistence on keeping its chairman and CEO as heads of the combined firm complicated negotiations.
9 February 2026 · New Era →