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.
Peabody Energy terminated its agreement to buy Anglo American's steelmaking coal portfolio for up to $3.8bn on 19 August 2025, prompting Anglo to launch arbitration over the collapsed deal a month later.
Anglo American Platinum was demerged from its parent and renamed Valterra Platinum, listing separately in Johannesburg and London as Anglo American retained a residual stake it later sold down.
