Anglo American Plc retains stake in De Beers

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Wed, Oct 28, 2009
Diamond Company News
Post by Melissa Pistilli, Diamond Senior Reporter

Anglo American Plc mining group declared on Tuesday that they will retain their 45 percent stake for long term in the world’s top diamond producer – De Beers. They do not have any plans to sell Tarmac.

The news article is quoted as saying:

Anglo, which appointed a new chairman in August, amid a takeover approach, announced a restructuring that will shed a quarter of overhead staff and save $120 million a year.

Click here to access the entire press release

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