Anglo American’s diamond interests are represented by our 45% shareholding in De Beers, the world's leading diamond company.
De Beers is prospecting for diamonds close to its Snap Lake mineWith its joint venture partners, De Beers operates in more than 20 countries across six continents and generates about 35% (by value) of global rough diamond production from its operations in South Africa, Botswana, Namibia and Canada. It has widespread exploration activities and unrivalled diamond distribution, sales and marketing operations.
De Beers holds a 50% interest in the Debswana Diamond Company and in Namdeb Holdings, owned jointly with the Government of the Republic of Botswana (GRB) and the Government of the Republic of Namibia (GRN) respectively. Namdeb Holdings owns 100% each of Namdeb (land mining) and De Beers Marine Namibia (marine mining).
In addition, De Beers has a 74% shareholding in South African-based De Beers Consolidated Mines Limited, with the Ponahalo group, a broad based black economic empowerment consortium, holding the balance.
De Beers owns 100% of De Beers Canada, which operates the company’s first two mines outside of Africa.
The Diamond Trading Company
De Beers owns 100% of The Diamond Trading Company (DTC), the sales and rough diamonds distribution arm of De Beers. It also has a 50% interest with the GRB in Diamond Trading Company Botswana and a 50% ownership, along with the GRN’s matching shareholding, in Namibia Diamond Trading Company.
De Beers and Moët Hennessy Louis Vuitton
De Beers and Moët Hennessy Louis Vuitton have established a high-end retail jewellery joint venture, through De Beers Diamond Jewellers, with stores in the most fashionable areas of some of the world’s great cities, including New York, Los Angeles, London, Paris, Tokyo and Dubai.
Element Six
Element Six is the global leader in the design, development and production of synthetic diamond supermaterials. Part of the De Beers Group, Element Six is an independently managed global company with its head office registered in Luxembourg, and primary manufacturing facilities in Ireland, China, Germany, Sweden, South Africa and the UK.
Element Six synthetic diamond supermaterials are used in industrial applications such as cutting, grinding, drilling, shearing and polishing, while the extreme properties of synthetic diamond beyond hardness are opening up potential applications in a wide array of industries such as optics, power transmission, water treatment, semi-conductors and sensors.
Strategy
De Beers is focused on:
- Capturing price growth
- Driving cost efficiencies
- Delivering upstream mining projects
- Capturing consumer demand