FT: Botswana Threatens Takeover as Anglo Prepares to Sell De Beers

FT: Botswana threatens takeover as Anglo prepares to sell De Beers

Botswana challenges Anglo over De Beers sale, eyeing full control amid market slump and fiscal pressure, as global bidders circle the iconic diamond giant.

Anglo American's 2025 Challenges: Deepening Losses, De Beers' Sale, and Global Trade Impact

Anglo American (LSE:AAL,OTC Pink:AAUKF) reported a sharp US$1.9 billion net loss for the first half of 2025, deepening from US$672 million a year earlier, as the global miner pushed forward with a sweeping corporate overhaul aimed at focusing on copper and iron ore.The London-based group’s latest results saw revenue dropping by 7 percent year-on-year to US$8.95 billion, falling short of analyst expectations, while underlying EBITDA fell 20 perce…

De Beers Skids to Loss Even as It Eyes Recovery

De Beers has reported a loss for the first half of the year amid a challenging market, even as it plans to ramp up output over the next two years in expectation of a recovery in the global diamond market.  The miner reported a deficit of $245 million for the six months that ended June 30, compared with a profit of $73 million a year earlier, it said Thursday. The loss comes as the company sold off some of its rough at low margins to certain sigh…

Anglo negotiating with Botswana for increased stake in De Beers

ANGLO American said it was negotiating with the Botswana government to increase its 15% stake in De Beers ahead of selling the business, which remained the group’s preferred route of divestment. Speaking at the firm’s interim results presentation on Thursday, Anglo CEO Duncan Wanblad said Botswana would not be offered a discount for an increased stake in De Beers over which the southern African nation has a pre-emptive right. Instead it would pa…