Metal Markets
Posted By OrePulse
Published: 28 Oct, 2025 07:02
Angola bids for majority stake in De Beers, source says
A source familiar with matter has told Reuters that Angola has submitted a bid for a majority stake in De Beers, the diamond producer being sold by Anglo American.
The bid, made by Angola's state-owned diamond company Endiama, sets up a potential standoff with Botswana, a neighboring country that has also expressed its desire to take full control of De Beers. Botswana currently owns a 15% stake in the company and contributes 70% of its annual rough diamond production.
The move comes as Anglo American values De Beers at $4.9 billion amid a global slump in diamond prices. The bid confirms an earlier report by Bloomberg News. Anglo American, Angola’s mines ministry, and Endiama have declined to comment or could not be reached.
Related Articles
Saudi Arabia champions global partnerships to powe...
21 Oct, 2025 06:51
Can Turkey Become a Rare Earth Element Power?...
23 Oct, 2025 13:24
Orion Minerals Set to Develop Secure, Responsible,...
23 Oct, 2025 14:12
Investing in Platinum Stocks...
24 Oct, 2025 06:56
Copper And Aluminum Prices Climb As Supply Worries...
24 Oct, 2025 07:09
Dubai 24-carat gold prices dip AED3.75 as global r...
24 Oct, 2025 12:06
Bauxite sales up but tariffs on Chinese metal ship...
27 Oct, 2025 13:15
Dubai 24-carat gold price today drops AED479; glob...
28 Oct, 2025 08:15
Gold prices move above $4,000 an ounce...
28 Oct, 2025 10:51
Dubai 24-carat gold price today dips to AED476, gl...
29 Oct, 2025 07:49Trending News
Mining Other
Bank sees move to value chain development in African mining...
13 Feb, 2026 13:20
93 min read
Precious Metals
Ghana's gold output hits record 6Moz in 2025, industry group says...
13 Feb, 2026 13:14
97 min read
Mining Other
South Africa, DRC funders link up amid Mining Indaba’s Africa collaboration promotion...
13 Feb, 2026 12:49
95 min read
Base Metals
Stakeholders strengthen collaboration to advance Namakwa SEZ in rising Northern Cape...
13 Feb, 2026 12:44
91 min read