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Mark Cutifani, CEO of Anglo-American, said he is willing to sell the DeBeers segment of his business, but Swiss-based Glencore doesn’t want to buy it. DeBeers is the second largest diamond miner in the world, and has significant name recognition.
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Ivan Glasenberg, CEO of Glencore, said he won’t be making a bid for DeBeers. However, it isn’t because Glasenberg doesn’t think DeBeers isn’t a good company; he clarified that Glencore only extracts minerals it is already engaged in trading, and the company does not trade in platinum or diamonds.
