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Diamonds are for sale... De Beers offer to beat takeover
Daily Express
|May 15, 2024
MINING giant Anglo American plans to sell or demerge its diamonds arm De Beers as it battles to fend off a £34billion takeover bid from rival BHP.
Anglo also confirmed that it will sell its steelmaking coal business, demerge its platinum division, and explore options for its nickel arm.
It said that it has already received "strong interest" in its steelmaking coal unit.
The slimmed-down Anglo will have three main divisions, - copper, premium iron ore and crop nutrients.
It said the reshaped company will be future-proof, as both its copper and iron ore businesses will be necessary for the decarbonization of industry and energy, as well as food security.
This story is from the May 15, 2024 edition of Daily Express.
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