Anglo’s unit De Beers sells 50% stake in Botswana coal mine

June 12, 2016

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De Beers will sell its 50% stake in Botswana’s sole coal mine to the government as part of a plan by the diamond producer’s parent company Anglo American to whittle down its commodities portfolio. The CEO of Minerals Development Company of Botswana (MDCB) Paul Smith said on Friday that the diamond producer’s stake will be transferred to the newly formed MDCB, but declined to reveal the price of the stake.

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