Angola Seeks 20-30 Stake In De Beers, Senior Official Says

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angola seeks 2030 stake in de beers senior official says

Angola is pursuing a 20-30 stake in Anglo Americans diamond unit, De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angolas mining ministry told Reuters on Sunday.

De Beers, one of the worlds leading diamond companies with operations spanning Botswana, Namibia, Angola, South Africa, and Canada, has been put up for sale by Anglo amid falling diamond prices and the global rise of synthetic diamonds.

Angola submitted a bid for a majority stake in De Beers in October 2025, though it had initially sought a minority stake.

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