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
De Beers, the iconic diamond miner majority-owned by Anglo American, posted a striking 88% increase in first-quarter production compared to the last quarter of 2025, driven by planned ore releases and higher underground volumes. …
De Beers Reports 88% Surge in ProductionBotswana Sunday Standard
Sunday Standard De Beers output rises on Botswana strength De Beers’ rough diamond production rose in the first quarter of 2026, with Botswana’s mines again carrying most of the group’s output, even as weak prices, lower-value sales and Anglo American’s planned exit from the diam …
De Beers output rises on Botswana strengthWeekend Post
… Among foreign-listed firms, Anglo American stood out with a staggering 31.4% share price increase, benefiting from strong commodity prices and robust global demand, which buoyed investor sentiment in resource-linked equities. …
BSE Q1 Performance Report – Dual narrative of growth and cautionBotswana'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 →