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Government closely following developments around the sale of De Beers

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The De Beers Group is strategizing a comprehensive overhaul of its operations following Anglo America's decision to separate or sell off the diamond company.

This, according to Al Cook, Chief Executive Officer of De Beers Group, will help the business save $100 million.

In this week's edition of the Extractor Magazine, Cook stated that De Beers Group intends to leverage technology to be at the forefront and would take into account further initiatives for Namibia, Botswana, and Canada.

De Beers Group CEO at State House

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The De Beers Group says its current deals with countries, including Namibia, are fair and appropriate.
The Group's outgoing Chief Executive Officer, Bruce Cleaver, paid a courtesy call on President Hage Geingob at State House.

Cleaver also introduced the incoming Chief Executive, Al Cook, to Dr. Geingob and Mines and Energy Minister, Tom Alweendo.

Cook will also be representing De Beers Group on the board of Namdeb Holdings, which is a 50/50 venture with the government.