Angola submitted a proposal for a minority share in Anglo American's De Beers diamond division through state company Endiama. The Ministry of Mineral Resources, Petroleum and Gas announced the bid Wednesday. Anglo American placed the diamond giant on the market as prices declined across the industry. Multiple investment groups expressed interest in acquiring the global mining operation.
Endiama seeks partial ownership rather than majority control of the Botswana-headquartered company. Angola prefers maintaining private sector leadership of De Beers operations. Minister Diamantino Pedro Azevedo emphasized creating partnerships among four African nations. Botswana currently holds a fifteen percent stake while pursuing greater control of the enterprise.
Endiama seeks partial ownership rather than majority control of the Botswana-headquartered company. Angola prefers maintaining private sector leadership of De Beers operations. Minister Diamantino Pedro Azevedo emphasized creating partnerships among four African nations. Botswana currently holds a fifteen percent stake while pursuing greater control of the enterprise.
