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Anglo American Expects Robust Growth in Next Decade

CEO says Anglo is set to deliver 35% growth over the next decade
De Beers diamond mine
Credit: De Beers

British multinational mining company Anglo American, owner of diamond miner De Beers, has reported “a strong performance this year, with high demand for diamonds and overall production up 7% […]”, Mining Weekly reports.


De Beers rough diamonds
Credit: De Beers


Outgoing CEO Mark Cutifani, who will be succeeded by Duncan Wanblad in April, added: “Anglo is a resilient and agile business that is set to deliver 35% growth over the next decade at an attractive 50% margin.”


Diamond Mining Vessel boat sea De Beers
Credit: De Beers


Meanwhile, De Beers (85% owned by Anglo American) has announced that it plans to revive plans to invest in diamond mining in Angola. According to IDEX Online, the miner said that it has come to the decision after what it describes as “substantive and consistent reforms” in the country.

Tags: Diamonds News, Jewelry News, Diamond Industry News, Mining News, De Beers News, Anglo American News

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