GDC welcomes Botswana backing for De Beers acquisition
By the AFREEQUE newsroom, based on Windhoek Observer
The Global Diamond Consortium, an alliance led by Gareth Penny, welcomes Botswana President Duma Boko’s support for its plan to acquire Anglo American’s 85% stake in De Beers. The consortium says it wants to finalise the agreement with the mining group as soon as possible, with the support of Botswana, Angola, Namibia and Oman, according to the Windhoek Observer.
The Global Diamond Consortium (GDC) welcomes Botswana’s support for its proposed partnership to acquire the 85% stake in De Beers held by Anglo American. Consortium chairman Gareth Penny said Botswana’s backing represented support for the GDC’s vision for the future of the diamond industry, according to the Windhoek Observer.
Gareth Penny also thanked the governments of Botswana, Angola, Namibia and Oman for their support for the project. The GDC said its immediate priority was to finalise agreements with Anglo American in order to become a co-owner of De Beers, according to the Windhoek Observer.
The consortium includes Gareth Penny, Saurin Parikh of diamond group Diarough and Moshe Klein of Grandview Klein, among others. It aims to bring diamond-producing countries closer to players across the value chain and support long-term demand for natural diamonds, the Windhoek Observer reports.
