Wrap Text
De Beers and Botswana sign diamond partnership for the next generation
News Release
Anglo American plc
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
(the "Company")
25 February 2025
De Beers and Botswana sign diamond partnership for the next generation
Anglo American announces that De Beers Group ("De Beers") and the Government of the Republic of
Botswana (the "Government of Botswana") have signed the formal new agreements for a 10-year Sales
Agreement (which may be extended by a further 5 years) and a 25-year extension of the Mining Licences
(from 2029 through to 2054) for Debswana. Debswana operates the Jwaneng and Orapa diamond mines
in Botswana and is a 50:50 joint venture between De Beers and the Government of Botswana.
Duncan Wanblad, Chief Executive of Anglo American, congratulated both De Beers and the Government
of Botswana, saying: "We are delighted that this extraordinary diamond partnership is secured for
decades to come, affirming De Beers' leadership position and providing reassurance across the entire
diamond value chain. These agreements provide long term stability for both partners as they work
together to support the rough diamond market's recovery from a period of challenging trading
conditions. The certainty provided also forms a critical step towards De Beers' next chapter as an
independent company and as the world's most iconic diamond business."
The agreements are aligned with the Heads of Terms that were agreed between De Beers and the
Government of Botswana in September 2023.
The Company has a primary listing on the Main Market of the London Stock Exchange and secondary
listings on the Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange
and the SIX Swiss Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Tyler Broda
james.wyatt-tilby@angloamerican.com tyler.broda@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 1470
Marcelo Esquivel Michelle West-Russell
marcelo.esquivel@angloamerican.com michelle.west-russell@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 1494
Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
Rebecca Meeson–Frizelle Asanda Malimba
rebecca.meeson-frizelle@angloamerican.com asanda.malimba@angloamerican.com
Tel: + 44 (0)20 7968 1374 Tel: +44 (0)20 7968 8480
South Africa
Nevashnee Naicker
nevashnee.naicker@angloamerican.com
Tel: +27 (0)11 638 3189
Ernest Mulibana
ernest.mulibana@angloamerican.com
Tel: +27 (0)82 263 7372
Notes:
Anglo American is a leading global mining company focused on the responsible production of copper,
premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the
global economy, improving living standards, and food security. Our portfolio of world-class operations
and outstanding resource endowments offers value-accretive growth potential across all three
businesses, positioning us to deliver into structurally attractive major demand growth trends.
Our integrated approach to sustainability and innovation drives our decision-making across the value
chain, from how we discover new resources to how we mine, process, move and market our products to
our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of
stretching goals over different time horizons to ensure we contribute to a healthy environment, create
thriving communities and build trust as a corporate leader. We work together with our business partners
and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders
and for the benefit of the communities and countries in which we operate, for society as a whole. Anglo
American is re-imagining mining to improve people's lives.
Anglo American is currently implementing a number of major structural changes to unlock the inherent
value in its portfolio. This portfolio transformation includes selling our steelmaking coal and nickel
businesses, while also demerging our PGMs business (Anglo American Platinum), and our iconic diamond
business (De Beers) to focus on our world-class resource asset base in copper, premium iron ore and crop
nutrients.
www.angloamerican.com
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Requirements of the securities exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana
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©Anglo American Services (UK) Ltd 2025. AngloAmerican TM and TM are trademarks of Anglo American
Services (UK) Ltd.
Legal Entity Identifier: 549300S9XF92D1X8ME43
Date: 25-02-2025 04:16:00
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