Angola is seeking a 10% holding in De Beers as part of Anglo American’s proposed sale of its majority stake in the diamond producer, a Mines Ministry Spokesperson told Reuters this Friday.<\/p>\n
Anglo \u200bAmerican put De Beers, which operates and explores for diamonds in Botswana, \u200bNamibia, Angola, South Africa (SA) and Canada, up for sale in 2024 \u2060as part of a broader restructuring amid falling diamond prices and growing competition from \u200bsynthetic stones.<\/p>\n
Botswana, which had the right of first refusal on Anglo American’s stake, on \u200bMonday backed the deal, saying it will double its holding to 30%.<\/p>\n
President Duma Boko said that while Botswana would become De Beers’ single largest shareholder, the governments of Namibia and Angola would also \u200bparticipate in the transaction.<\/p>\n
Angola’s Mines Ministry Spokesperson was confirming a report in weekly \u200bnewspaper Novo Jornal.<\/em> –Reuters–<\/p>\n","protected":false},"featured_media":23934,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50923","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"President Duma Boko said that while Botswana would become De Beers' single largest shareholder, the governments of Namibia and Angola would also \u200bparticipate in the transaction.","published_date":"","news_description":"President Duma Boko said that while Botswana would become De Beers' single largest shareholder, the governments of Namibia and Angola would also \u200bparticipate in the transaction.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50923\/revisions"}],"predecessor-version":[{"id":50924,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50923\/revisions\/50924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/23934"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50923"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe report said Namibia was also seeking a 10% stake in De Beers. Namibian \u200cofficials did \u2060not immediately respond to requests for comment.<\/p>\n