[miningmx.com] – ANGLO American should relist its 85%-owned diamond business, De Beers, in order to improve transparency in the sector and heighten its profile and importance too the UK group, said Bloomberg News citing an analyst.
“How do they get visibility?’ Jeremy Wrathall, head of global natural resources at Investec told Bloomberg News. “They should re-list it. It’s the premier diamond producer in the world,’ he said.
His comments follow a 90 minute presentation by De Beers on November 3 in which the group sought to lift the veil on its business which Anglo American CEO, Mark Cutifani, said had become strategically important to the group.
“De Beers plays a major role in our diversification,’ Cutifani said. “It’s an extra string to our bow. Based on the results we have seen so far we are very pleased.’
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