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Anglo American is conducting a structured sale of its 85% stake in De Beers, with Botswana Diamonds MD James Campbell stating that the only acceptable buyer is the consortium led by former De Beers CEO Gareth Penny. Campbell outlines four key requirements for a buyer: deep industry knowledge, marketing expertise, sufficient financial resources for mine expansions, and strong governmental relationships, particularly with African nations.

He notes that De Beers' value has plummeted from $12 billion to $3-$4 billion due to decreased marketing investments. Botswana Diamonds, meanwhile, is shifting focus to copper exploration in northwestern Botswana, having secured prospecting licenses over 7,000 square kilometers, due to challenges in securing funding for diamond projects. Campbell emphasizes the need for strong leadership to revitalize the diamond sector.