Anglo American CEO: Keeping De Beers Stake, Diamonds A Core Business
October 28, 09
Anglo American Plc plans to retain its stake in De Beers. Chief Executive Officer Cynthia Carroll said in a radio interview, “We continue to see diamonds as a core business of ours.”
The multi-commodity miner recently announced a major reorganization that will involve the sale of none-core assets such as a steel unit and zinc mines.
When asked about company plans on retaining the 45 percent stake in De Beers, Carroll told Johannesburg’s Radio 702, “That’s our thinking today, yes.”