 |
Angola
Botswana
Malawi
Mozambique
Namibia
South Africa
Zimbabwe
Cote D'Ivoire
Ghana
Nigeria
Kenya
Uganda
Tanzania
Mauritius
Seychelles
Algeria
Egypt
Morocco
Zambia| Press offices |
CategoriesIn the news | Mines news Anglo pays $5.2bn to increase its De Beers holding to 85%According to Fin24 Global mining group Anglo American said that it has finalised its purchase of a 40% stake in De Beers at a cost of $5.2bn - increasing its holding in De Beers to 85%. This seals a takeover of one of the world's leading diamond companies, Fin24 reports. "Anglo American announces the completion of its acquisition of a 40% shareholding in De Beers from CHL," a company that represents the interests of South Africa's Oppenheimer family, a brief statement said. De Beers is a global leader in the exploration, mining and marketing of diamonds, founded by colonial-era politician and mining tycoon Cecil Rhodes in 1888. And the Anglo American Corporation was formed by Ernest Oppenheimer in 1917, and by 1920 his Consolidated Diamond Mines had become a force in the mining industry, Fin24 says. Read the full article on www.fin24.com
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law. | Subscribe to industry newslettersRelated newsSubmit news Press offices |
News
Community
Submit
MyBiz Account
Advertise
Bizcommunity
ADSL & Web hosting proudly provided by Afrihost. All rights reserved. © 2013. Bizcommunity.com, its sponsors, contributors and advertisers disclaim all liability for any loss, damage, injury or expense that might arise from the use of, or reliance upon, the services contained herein. Privacy policy, Terms of Use, PAIA.