The value of Botswana’s shares in De Beers have gone down by US$ 240 million, about P3,3 billion, Anglo American latest financial results have revealed.
As part of its annual financial results, Anglo American wrote down De Beers’ book value by $1.6 billion, principally relating to goodwill (brand value). Anglo American which owns 85% of De Beers took the hardest knock while Botswana which owns the 15% balance was not spared.
Botswana’s shares in De Beers are now valued at P15,738 billion ($1,14 billion) down from P19,05 billion (1,38 billion). De Beers is now valued at $ 7,6 billion down from $ 9,2 billion
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