Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Former De Beers CEO Penny Is Said to Lead Race for Diamond Giant
Business & Finance

Former De Beers CEO Penny Is Said to Lead Race for Diamond Giant

Former De Beers CEO Penny Is Said to Lead Race for Diamond Giant
Bloomberg Markets Tuesday 16 June 2026, 13:32 UTC By Thomas Biesheuvel, Loni Prinsloo 1 min read
Key Points

Deals Former De Beers CEO Penny Is Said to Lead Race for Diamond Giant A consortium led by De Beers’s former boss Gareth Penny is leading the race to buy the world’s biggest diamond miner after the Iran war hampered other bidders, according to people familiar with the matter. Anglo American Plc is selling De Beers as part of a radical restructuring plan to fend off an approach from BHP Group in 2024. While Anglo has exited platinum mining and agreed to sell its coal operations, the diamond...

Deals Former De Beers CEO Penny Is Said to Lead Race for Diamond Giant A consortium led by De Beers’s former boss Gareth Penny is leading the race to buy the world’s biggest diamond miner after the Iran war hampered other bidders, according to people familiar with the matter. Anglo American Plc is selling De Beers as part of a radical restructuring plan to fend off an approach from BHP Group in 2024. While Anglo has exited platinum mining and agreed to sell its coal operations, the diamond strategy has been complicated by one of the industry’s deepest ever crises and Botswana’s ambitions for the business.
De Beers (ORG) Penny (PERSON) De Beers’s (ORG) Gareth Penny (PERSON) Iran (LOCATION) Anglo American Plc (ORG) BHP Group (ORG) Anglo (ORG) Botswana (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

What to know about Cursor, the AI coding startup SpaceX is buying for $60 billion

Newly public SpaceX is taking advantage of a previous agreement that gave it the option to acquire Cursor, whose engineers have already been working closely with the company.

MarketWatch 11m ago

SpaceX Options Trading Starts Strong as Traders Chase Musk Mania

SpaceX Options Trading Starts Strong as Traders Chase Musk Mania Space Exploration Technologies Corp. options were among the most heavily traded among US companies on Tuesday, helping to spur an early 17% gain in the rocket maker in its third day of trading. More than 600,000 lots of options traded as of 10:35 a.m. New York time as traders jumped in to bet on further gains in SpaceX, making it the third-most heavily traded company.

Bloomberg Markets 20m ago

Trump Says Iran Deal Includes 99.9% of What He Wants

Jun 16th, 2026 Trump Says Iran Deal Includes 99.9% of What He Wants President Donald Trump says the peace deal with Iran includes "99.9% of what he wants." Speaking at the Group of Seven summit in France, Trump said the deal will prevent Iran from ever having a nuclear weapon. The deal is set to be signed on Friday in Switzerland.

Bloomberg Markets 21m ago

Luigi Mangione set to appear in court again two weeks after secret hearing in CEO murder case

Luigi Mangione set to appear in court again two weeks after secret hearing in CEO murder case The hearing comes just weeks before the alleged assassin’s trial is due to begin - Bookmark Alleged CEO assassin Luigi Mangione is set to appear at a state court hearing Tuesday ahead of his highly anticipated murder trial. Mangione, 28, is accused of fatally shooting UnitedHealthcare CEO Brian Thompson outside a hotel in Midtown Manhattan in December 2024. The brazen killing was widely condemned by...

The Independent World 29m ago