Illustration of a diamond with legs walking away from a large red box containing a golden ring and industrial structures inside.
2024-05-22 1092词 困难
After rejecting a takeover proposal from BHP, the world’s biggest miner, Anglo American announced a radical restructuring of its business on May 14th. As well as selling its coal, nickel and platinum operations, the British mining firm will shed its 85% stake in De Beers (Botswana, where its richest diamond mines are located, owns the rest). BHP has until May 29th to make a new offer for Anglo. Whatever happens, De Beers’s change of ownership will mark the end of one of its most enduring relationships—Ernest Oppenheimer, Anglo American’s founder, joined the company’s board in 1926. For the industry, it signals the biggest shake-up since 2000, when De Beers abandoned its policy of trying to control diamond prices by managing supply.
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