Angola’s state-owned diamond company, ENDIAMA E.P., has officially placed a fully funded offer to acquire a minority stake in De Beers, as Anglo American plc prepares to exit the diamond major by the end of 2025.
The Angolan government clarified that the proposal does not seek majority ownership. Instead, it champions a pan-African, industry-led ownership framework to preserve De Beers’ independence and global competitiveness.
“Angola believes De Beers’ strength lies in remaining a private-sector-driven international company,” stated Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas. “Our proposal is designed to foster a collaborative model involving Botswana, Namibia, South Africa, and Angola—ensuring balanced participation and positioning De Beers for sustainable global growth.”
Key elements of Angola’s bid include:
- Independent, diversified ownership to secure long-term expansion.
- A pan-African partnership engaging Botswana, Namibia, and South Africa.
- Angola’s proven track record as one of the top diamond producers, and the only nation to launch a world-class mine in the past 15 years.
- A strategic commitment to diamonds as a cornerstone of its economy.
ENDIAMA reaffirmed its readiness to work alongside both governments and private stakeholders to maintain De Beers’ status as a globally competitive enterprise.