Anglo American has named a consortium led by former De Beers chief executive Gareth Penny as preferred bidder for its 85% stake in De Beers, with chief executive Duncan Wanblad saying the long-running sale process is close to its end.
Envusa Energy's 240MW Mooi Plaats solar plant has begun commercial operation, supplying wheeled renewable power to Anglo American-linked miners Kumba Iron Ore, De Beers and Valterra Platinum.
Anglo American has cut De Beers's carrying value to $2.3bn from $4.1bn and is now considering selling the business in separate parts to different buyers.
Teck Resources and Anglo American shareholders voted decisively on 9 December 2025 to approve their all-share merger of equals, leaving only foreign regulatory clearances before Anglo Teck can be created.
De Beers grew rough diamond production 38% in the third quarter of 2025, selling into a weak market at discounted margins as Anglo American pressed on with the group's sale.
The Junior Mining Exploration Fund grew to R1 billion after Anglo American added R600 million to government's R400 million, with applications opening on 30 September 2025.
Disposal · CoalExxaro pre-empts Anglo's half of Moranbah South and sells project to Stanmore for $105m$105mPending
Disposal · DiamondsAnglo American picks Gareth Penny-led consortium as preferred bidder for De Beers$1bnAnnounced
Disposal · CoalAnglo American agrees to sell Queensland coal mines to Dhilmar for up to $3.88bn$3.9bnPending
Merger · CopperAnglo American and Teck agree all-share merger to create Anglo Teck$50bnPendingLSE: AALDiversifiedAnglo AmericanLondon-headquartered diversified miner that traces its roots to Johannesburg, where Ernest Oppenheimer founded the Anglo American Corporation in 1917. After demerging its platinum business as Valterra Platinum in 2025 and agreeing to sell its steelmaking coal unit, the group is reshaping itself around copper, premium iron ore and crop nutrients while preparing to merge with Teck Resources to form Anglo Teck.
DiamondsDe BeersThe diamond miner and marketer founded by Cecil Rhodes in 1888, now owned 85% by Anglo American and 15% by the government of Botswana. After years of weak demand and competition from lab-grown stones, Anglo is running a sale process for the business. It remains the world's leading diamond producer by value through its southern African joint ventures.
JSE: KIOIron oreKumba Iron OreAfrica's largest iron ore producer and a JSE-listed subsidiary of Anglo American. Kumba was created in November 2006 when Kumba Resources was restructured, with its coal and mineral sands assets going to Exxaro. The company sells almost all of its high-grade ore to export markets through the Saldanha Bay port.CoalSeriti ResourcesMajority black-owned South African coal producer built up since 2016 through the purchase of Anglo American's and, later, South32's domestic thermal coal mines. It is now Eskom's largest coal supplier, providing roughly a third of the utility's annual coal needs.
