Diamond Investing News » Anglo American Plc retains stake in De Beers

Anglo American Plc retains stake in De Beers

October 28, 2009 @ 9:56 am In Diamond Company News

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 ^[1]

Article printed from Diamond Investing News: http://diamondinvestingnews.com

URL to article: http://diamondinvestingnews.com/1543-anglo-american-plc-retains-stake-in-de-beers.html

URLs in this post:

[1] Click here to access the entire press release: http://www.reuters.com/article/rbssPreciousMetalsMinerals/idUSLR50407420091027