Botswana to Increase Stake in De Beers to 30%, Facilitating Anglo American Exit
Botswana President Duma Boko has announced that the nation will double its ownership stake in diamond miner De Beers to 30%. This strategic move is expected to provide a clearer pathway for Anglo American (AAUKF) to divest from the company as part of its broader restructuring efforts. The increased government participation aims to stabilize the partnership and potentially facilitate a smoother transition during Anglo American's planned exit from the diamond sector. The decision marks a significant shift in the ownership structure of one of the world's most prominent diamond producers.
