Angola is pursuing a 20% to 30% stake in Anglo American’s diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola’s mining ministry told Reuters on Sunday.
De Beers, one of the world’s leading diamond companies with operations spanning Botswana, Namibia, Angola, South Africa and Canada, has been put up for sale by Anglo amid falling diamond prices and the global rise of synthetic diamonds.
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