International News
Botswana pursuing a controlling stake in De Beers
Government of Botswana moves to secure control of De Beers amid falling diamond revenues.
The government of Botswana has indicated that it is actively pursuing a controlling stake in De Beers, ahead of the 1 August deadline for bids to be submitted to parent company Anglo American. Botswana relies heavily on diamonds – they account for approximately 80 per cent of export earnings and about 30 per cent of GDP, but revenues halved last year amid a global downturn in demand.
Botswana seeks not only ownership, but also full control over the company’s production, marketing, and value chain- strategic shift reflecting both economic ambitions and frustration over Anglo American’s handling of the proposed transaction.
Botswana mining minister Bogolo Kenewendo said : “President Duma Boko remains resolute in his quest to increase Botswana’s stake in De Beers to ensure Botswana’s full control over this strategic national asset and the entire value chain including marketing”.
Anglo American’s official book value for De Beers, after asset impairments in early 2025, stands at $4.1bn, although market analysts suggest it could sell for less. Botswana currently holds a 15 per cent stake in De Beers and a 50 per cent stake in Debswana, a diamond mining joint venture with De Beers.
Anglo American aims to sell off its 85 per cent stake in De Beers by the end of 2025 as it restructures and focuses on copper and other minerals that are more profitable than diamonds.
In February De Beers and Botswana signed a long-delayed agreement that will see Botswana’s share of rough diamonds increase from 25 per cent to 50 per cent over the next decade and De Beers invest in diversification into developing its economy beyond diamonds.
De Beers suffered a $288m net loss in 2024, primarily the result of a 44 per cent plunge in diamond sales. Kenewendo said.
International News
Significant Upside Trajectory In The Metals Sector
Precious Metals Surge on Geopolitical Optimism as Gold and Silver Rally, While Crude Oil Faces Downward Pressure Amid Ongoing US–Iran Developments
Gold rates and silver rates in India will be driven by global trends, as the Indian market is closed. Trading in commodities, including gold and silver, will be closed for half a day on April 14 at MCX.
We are seeing a significant upside trajectory in the metals sector, driven by recent geopolitical synergies:
- Gold Asset Class: Spot prices have achieved a value-add recovery, scaling past the $4,760/oz threshold.
- Silver Asset Class: Currently experiencing a high-growth phase, surging approximately 2% to reach a target density near $77/oz.
- Market Bandwidth: While the MCX interface is currently undergoing a scheduled half-day service window on April 14,
- Energy Sector Headwinds
Conversely, the energy vertical is facing downward scalability issues:
- Crude Oil Index: Both US WTI and Brent Crude are failing to gain leverage, currently underperforming by 2% and hovering around the $98/bbl mark.
Geopolitical Synergy & Risk Mitigation
The recent bullish momentum in precious metals is a direct byproduct of strategic bilateral engagement between the US and Iran. Key stakeholders are currently deep-diving into negotiations to extend the current truce framework.
- US Perspective: President Trump has acknowledged a proactive outreach from Tehran following the implementation of a naval blockade.
- Iranian Alignment: President Pezeshkian has signaled readiness to move the needle on peace discussions, provided all deliverables remain within the compliance framework of international regulations.
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