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De Beers suspends operations at major South African diamond mine for two years
ClarínLO·ZA·2 days ago
Anglo American is in advanced negotiations to sell its stake in De Beers to the Global Diamond Consortium, led by former CEO Gareth Penny. The deal structure includes an initial $750 million payment, a $250 million deferred component, and performance-based earn-outs, marking a significant shift in the global diamond supply chain ownership.