Business / Politics
Add as a preferred source on GoogleThe goal would double the country’s current 15% holding and exceed an earlier proposal of about 25%.
President Duma Boko said Botswana is pursuing a 30% stake in De Beers, above an earlier proposal of about 25%, while Anglo American’s proposed divestment remains incomplete. The target would double Botswana’s current 15% holding and describes a planned increase, not a completed change in ownership.
Anglo American has yet to complete the proposed divestment.
The sale covers 319.4 million existing shares at 4.30 pula each; trading is expected to begin Dec. 7.
The OQ Trading cargo carried about 20 million liters of diesel to Mozambique’s Port of Matola on Oct. 9. Minister Bogolo Kenewendo says Botswana has also approached suppliers in Angola and Côte d’Ivoire.
Spot copper cargoes in China were scarce, while proposed U.S. tariffs on refined metal still require a decision.
