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Article: Anglo, De Beers to split?(Brief Article)
- Article from:
- African Business
- Article date:
- January 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Is the long and profitable marriage between Anglo American and De Beers about to be dissolved? If so, what will this mean to their shareholders and employees?
The international financial community has been abuzz with speculation that the long and happy marriage between diamond miner De Beers and Anglo American, the multi-faceted, multinational extractor of gold and many other minerals, may be coming to an end.
Both parties insist there's nothing wrong with the union. The media and the marker aren't so sure, and keep on coming up with reasons why any parting would be a divorce of convenience -- mainly a financial one. Other, more radical, solutions are ...