Anglo faces headwinds in keeping restructuring on track
Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner.
More than ten years after the creation of The Kimberley Process, a certification scheme established to prevent illegally mined diamonds from filtering into the market and fuel armed conflicts, the problem is far from being over.
Only last week, Cameroon and Chad agreed to tighten border security to halt the illegal flow of these so-called “conflict” or “blood” diamonds, which are said to be sponsoring armed groups in neighbouring Central African Republic.
While Peter Meeus, Chairman of Dubai Diamond Exchange says diamonds are the most strictly checked raw materials in the world, there is a certain amount of illegally traded gems that make it into the market.
Where do these diamonds come from? The following infographic by Masters-in-Business.net aims to answer that question (click to enlarge):
