Skip to content

Anglo American's De Beers Exit Nears as Botswana Increases Stake to 25%

14 October 20261 min
Submitted by: BizCommunity Editor
Save for later
Anglo American's De Beers Exit Nears as Botswana Increases Stake to 25%
Image credit: Minnaert , CC BY-SA 3.0 , via Wikimedia Commons

The deal could increase the Botswana government’s stake in De Beers from 15% to about 25%. Namibia, Angola, and private buyers have also shown interest.

According to Reuters, Global Diamond Consortium, led by former De Beers CEO Gareth Penny, was named preferred bidder in July.

Anglo American put De Beers up for sale in May 2024 as part of a broader restructuring amid weak diamond prices and growing competition from synthetic diamonds.

In 2025, Anglo American announced that De Beers and the Botswana government signed new formal agreements for a 10-year sales agreement and a 25-year extension of Debswana’s mining licences.

Debswana operates the Jwaneng and Orapa diamond mines in Botswana and is a 50:50 joint venture between De Beers and Botswana.

Total Words: 136
Published in Press Articles

Release information

Issued on behalf of

BizCommunity

WebsiteLinkedIn

Media contact

BizCommunity

WebsiteLinkedIn

PressPortal helps businesses and PR agencies distribute press releases efficiently across the Southern African media landscape. We manage press release submissions for a diverse range of clients, combining professional distribution with smart automation to extend the reach of every story. Our platform automatically shares published press releases across five social media platforms, supported by re... Read More

Pressportal newsletters

Choose the news and subjects you want to follow.

Choose your newsletters