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Anglo American

FB Roundup: Oppenheimer Generations, Fortescue Metals Group, The Ford Foundation

October 25, 2021

Oppenheimer family drives Asian investments with new Singapore family office, Mining magnate Andrew Forrest pushes green hydrogen, Ford Foundation to divest millions from fossil fuels.

Oppenheimer family drives Asian investments with new Singapore family office

The Oppenheimer family, heirs to the DeBeers diamond fortune, is the latest family enterprise to extend its family office into Singapore.

FB Roundup: Agarwal, David and Tan

July 31, 2019

Vedanta chairman Anil Agarwal sells Anglo American stake, Coca-Cola heir launches cryptocurrency bank for marijuana business and Philippine Air founder Lucio Tan chooses non-family executive to succeed.

Vedanta chairman Anil Agarwal sells Anglo American stake

Indian tycoon Anil Agarwal is divesting his family’s majority stake in the diversified mining company Anglo American after only two years.

Agarwal, founder of global mining giant Vedanta, started buying into Anglo American via his family trust Volcan Investment in March 2017 and bought a second tranche in six months later, bringing his stake to 19.3%.

Oppenheimer diamond family’s exit from De Beers completed

August 17, 2012

The Oppenheimer family’s 80-plus years of involvement in diamond mining giant De Beers has now come to an end, following the completion of its share sale to Anglo American.

A statement by Anglo said the South African family has sold its 40% stake in De Beers to the UK-based miner in a deal valued at $5.2 billion (€4.22 billion).

First announced in November last year, the move takes Anglo’s stake in De Beers to 85%, while the remaining shares are held by the government of Botswana.

Oppenheimer family to exit De Beers

November 4, 2011

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The UK-based miner, which is listed in both London and Johannesburg, will pay $5.1 billion (€3.7 billion) to the Oppenheimer family to increase its stake in De Beers to between 75% to 85%, from 45% currently. The exact figure will depend on whether the government of Botswana exercises an option to increase its own 15% stake.

Mining company “happy” with Oppenheimer family relationship

September 27, 2011

Anglo American, which is the majority owner of family-controlled diamond company De Beers, is “extremely happy” with its relationship with the Oppenheimer family, despite a report to the contrary.

An article in British newspaper the Guardian said the mining company, which already owns 45% of Johannesburg-based De Beers, is being “urged” by its investors to acquire the Oppenheimer family’s 40% stake.