01
Aug
Chamwe Kaira Anglo American chief executive officer Duncan Wanblad says the formal process to sell De Beers is advancing, despite current challenging market conditions. Anglo is the majority shareholder in De Beers. The update is included in the company’s production report for the second quarter ended 30 June. De Beers operates in partnership with the Namibian government through Namdeb Land operations, Debmarine Namibia, and the Namibia Diamond Trading Company. Rough diamond production in the quarter declined by 36% to 4.1 million carats due to a planned response to lower demand. The group reported that trading conditions remained difficult in the…