UK mining giant to offload De Beers diamond business
The announcement comes after Anglo American rejected a £34bn takeover bid from rival BHP.
BBC News
The De Beers Group is a South African- British corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond inscription and grading services, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, underground, large-scale alluvial and coastal mining. It operates in 35 countries with mining taking place in Botswana, Namibia, South Africa, and Canada. It also has an artisanal mining business, Gemfair, which operates in Sierra Leone.
The announcement comes after Anglo American rejected a £34bn takeover bid from rival BHP.
A radical restructuring plan will simplify the Anglo portfolio, with Anglo American Platinum and De Beers among those on the..