JOURNAL ARTICLE

Botswana, Angola 'Perfectly Aligned' in Race for De Beers Stake.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mguni, Mbongeni 3 of 3

Abstract

The article discusses the collaboration between Botswana and Angola regarding their interests in De Beers, a prominent diamond mining company. Both countries' minerals ministers met to emphasize their partnership and alignment in seeking a majority equity share in De Beers, despite previous speculations of tension. Botswana, which already holds a 15% stake in De Beers, relies heavily on diamond mining for its economy, while Angola is seen as a key area for future production. The ministers also highlighted their commitment to promoting natural diamonds amid competition from lab-grown alternatives. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/11, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:189180294
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