Anglo American — multinational mining company divesting its 85% stake in De Beers to a Gareth Penny-led consortium, with transaction expected to close by end of 2026.
Verbatim sentences from the source article.
Weekend Post
… That campaign is unfolding against a shifting industry landscape, with the future ownership of De Beers in flux after Anglo American moved to sell the storied diamond house. …
Diamonds light the way again as economy roars back!Weekend Post
… Botswana owns 15 percent of De Beers, with Anglo American holding the remaining 85 percent. …
De Beers says diamond prices are recoveringWeekend Post
… Anglo American, the mining giant, delivered the strongest return: a 48.4 percent share price appreciation that dwarfed every other counter on the board. …
BSE surges past P1 Trillion as foreign companies reboundWeekend Post
… The government is nearing the end of its review of Anglo American’s proposed sale of its 85 percent De Beers stake. …
De Beers sale nears deadline…Weekend Post
… In February 2025, Botswana signed a long-delayed 10-year sales agreement with De Beers, the Anglo American unit that has long been central to the country’s diamond industry. …
Botswana keeps its investment-grade rating, but diamonds continue to cast a shadowWeekend Post
… Leading the gains was Anglo American, which climbed 42.2%, followed by PrimeTime with a 15.2% increase, Botswana Telecommunications Corporation (BTC) at 9.0%, and Investec at 7.3%. …
BSE soars in 2026 on foreign stock rallyThe Botswana Gazette
Anglo American’s likely departure from the Botswana Stock Exchange could expose the true scale of the domestic market while intensifying pressure on pension funds required to invest more of their assets locally. …
AFTER ANGLO DIVESTS DEBEERS IT LEAVES THE BSE?Weekend Post
The global diamond industry is on the cusp of a major shift as Anglo American prepares to sell its majority stake in De Beers, the world’s most iconic diamond company. …
De Beers ownership shakeup poised to reshape global diamond marketWeekend Post
… Anglo American, the multinational mining giant that has controlled De Beers for over a decade, has officially chosen a preferred bidder to acquire its 85% stake in the diamond powerhouse. …
De Beers Sale: Gareth Penny-led Consortium chosen as preferred buyerWeekend Post
… Anglo American’s 2025 Tax and Economic Contribution Report shows that De Beers created an estimated US$832 million (about P11.31 billion) in total economic value for Botswana during 2025; just slightly below the US$844 million (P11.47 billion) recorded the year before. …
De Beers injects P11.3 Billion into Botswana’s economyBotswana's economy expanded by 8.7 percent in the second quarter of 2026, driven by a surge in diamond output from mines that had been throttled during a downturn. Diamond production climbed to about 3.4 million carats from 2.7 million the previous quarter, with De Beers reporting Botswana accounted for 5.5 million carats in the period.
12 October 2026 · Weekend Post →
Botswana's economy expanded by 8.7 percent in the second quarter of 2026, driven by a surge in diamond output from mines that had been throttled during a downturn. Diamond production climbed to about 3.4 million carats from 2.7 million the previous quarter, with De Beers reporting Botswana accounted for 5.5 million carats in the period.
12 October 2026 · Weekend Post →
De Beers CEO Al Cook said natural-diamond prices have stabilized and begun to grow after years of decline, attributing the shift to stronger demand in the United States and India and shrinking supply as aging mines close and companies limit investment. The improvement comes as the industry faces weak Chinese demand, excess inventories, and competition from laboratory-grown diamonds.
8 October 2026 · Weekend Post →
The Botswana Stock Exchange's total market capitalisation reached 1.1 trillion pula in August, a 64.6 percent increase from the same period in 2025, driven largely by a 46.2 percent surge in foreign-listed companies. Domestic companies gained only 1.9 percent, while foreign companies' market capitalisation swelled from 564 billion pula to 954 billion pula.
21 September 2026 · Weekend Post →
The Botswana government is nearing completion of its review of Anglo American's proposed sale of its 85 percent De Beers stake, with due diligence expected to conclude by end of September. Botswana must then decide whether to join the preferred bidder, exercise pre-emption rights to buy the stake at a reported price of about $1 billion, or pursue another ownership structure, with transaction closure possible in the fourth quarter of 2026.
21 September 2026 · Weekend Post →
S&P Global Ratings maintained Botswana's investment-grade sovereign rating at BBB- but kept a negative outlook, citing the country's heavy dependence on diamond exports and concern that weak global diamond demand will continue to constrain economic growth and government revenue.
17 September 2026 · Weekend Post →
The Botswana Stock Exchange posted measured gains in the first seven months of 2026, with the Domestic Companies Index rising 1.4% and the Foreign Companies Index surging 40.1%, reflecting investor confidence in local and foreign company prospects amid a complex regional and global economic backdrop.
24 August 2026 · Weekend Post →
Anglo American's proposed sale of its controlling stake in De Beers could lead to the company's departure from the Botswana Stock Exchange, potentially revealing the true scale of the domestic market while intensifying pressure on pension funds to invest more assets locally.
9 August 2026 · The Botswana Gazette →
Anglo American is preparing to sell its majority stake in De Beers to a consortium led by Gareth Penny, a former De Beers CEO. Botswana, which holds a 15 percent stake in the company, is considering whether to exercise its right of first refusal, partner with the bidder, or approve a new ownership structure.
27 July 2026 · Weekend Post →
Anglo American has chosen a consortium led by former De Beers CEO Gareth Penny as the preferred bidder for its 85% stake in De Beers, with the sale expected to close by the end of 2026. The divestment reflects mounting market challenges for natural diamonds, including competition from lab-grown alternatives and declining revenues.
23 July 2026 · Weekend Post →
De Beers contributed an estimated P11.31 billion to Botswana's economy in 2025 through taxes, local procurement, wages, and shareholder returns, slightly below the previous year's P11.47 billion despite continued global diamond market weakness.
7 July 2026 · Weekend Post →
De Beers reported total carats recovered reached 7.133 million in Q1 2026, an 88% jump from Q4 2025 and 17% rise year-on-year, driven by planned ore releases and higher underground volumes. The company noted that despite the production gains, rough diamond trading conditions remained challenged due to industry, geopolitical and tariff headwinds.
5 May 2026 · Weekend Post →
De Beers' rough diamond production rose to 7.13 million carats in the first quarter of 2026, up 17 percent year-on-year, with Botswana's mines producing 4.81 million carats—about 67 percent of group output.
4 May 2026 · Botswana Sunday Standard →
The Botswana Stock Exchange's first quarter saw overall equity market capitalization jump from P687 billion to nearly P909 billion, driven primarily by foreign-listed companies whose value expanded 34.1% compared to domestic firms' 10.7% growth. Domestic indices rose marginally—the Domestic Company Index by 0.5% and its Total Return Index by 1.2%—while trading liquidity declined despite rising valuations.
28 April 2026 · Weekend Post →