Mines minister Amutse denies Namibia losing De Beers stake bid
via The Namibian1 min read
Namibia's Ministry of Industries, Mines and Energy has refuted claims that the country lost its bid to acquire a stake in De Beers, labeling circulating information as "misleading and incorrect." Mines minister Modestus Amutse stated that the government would release accurate information through official channels. This follows reports from Botswana's minister in the presidency, Moeti Mohwasa, who informed parliament that Anglo American had selected the Global Diamond Consortium as its preferred bidder for De Beers. Mohwasa mentioned the consortium proposed including Angola and Namibia in the deal, though members were not disclosed. Namibia had previously expressed interest in a De Beers stake after Anglo American decided to divest as part of its restructuring. The Namibian government believes ownership would enhance its position and influence in the global diamond value chain, crucial to its economy. Speculation about a UAE investor's involvement in the consortium has resurfaced, but Amutse previously denied any partnership with such an investor, cautioning against speculation during ongoing negotiations. A detailed update from the government is anticipated.
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This summary was AI-generated from a story originally published by The Namibian.
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