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Anglo not exclusive with any buyer for De Beers, says CEO
['David Mckay']
Miningmx
ANGLO American had not entered into an exclusive agreement with any of the bidding consortiums for De Beers, said the group’s CEO, Duncan Wanblad.
Wanblad was presenting the firm’s interim results today in which Anglo reported basic underlying share earnings of 58 US cents per share (2025: 15c/share).
Wanblad added that Anglo had “a lot of work to do to get this all tied up in the next few months”.
De Beers reported a negative earnings before interest, tax, depreciation and amortisation (Ebitda) of $113m in the six months ended June.
The sale, and the divestment from De Beers, is ahead of Anglo finalising its merger with Canada’s Teck Resources, currently waiting on Chinese regulatory approval.