Anglo names preferred bidder for De Beers stake

Anglo American selected the Global Diamond Consortium, led by Gareth Penny, as its preferred bidder for an 85% stake in De Beers. Botswana, which holds the remaining 15% stake and pre-emptive rights, is evaluating its participation options, with potential involvement from Angola and Namibia. De Beers announced a two-year production halt at its Venetia mine amid declining rough diamond demand due to lab-grown competition.