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Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-Americ
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-Americ
admin
2013-09-23
38
问题
Diamonds, sparkling under an African sun, have an attraction commensurate(相称的)with their high price and beauty. For Anglo-American the opportunity to get their hands on some more has proved too much to resist. On November 4th the global mining giant announced that it would acquire the 40% of De Beers, a company that mines two-fifths of the world’s diamonds, from the Oppenheimer family for $5.1 billion. This takes Anglo-American’s stake in De Beers to 85% ; the rest is owned by the government of Botswana, where the firm digs up its gems.
The price looks right. Demand for diamonds has bounced back after the credit crisis in 2008 and the following recession in the rich world. More and more wealthy Indians and Brazilians seem keen to sport a "rock" to show just how well they are doing. And the shrewd Oppenheimers do not seem to be getting out of the business because its future looks bleak. There is apparently no family member who wants to take on diamond mining. Nicky Oppenheimer, De Beers’s chairman, foresaw the sale in February when he stood down from the hoard of Anglo-American.
For Anglo-American it resolves the issue of its non-controlling stake in De Beers. Analysts have long reckoned it should either sell or try to increase its stake. In fact the firm might yet spin off De Beers with an IPO. The terms of the deal allow the Oppenheimers to pocket some more cash from a flotation(债券发行)or sale in the next couple of years, suggesting that such an outcome is not unlikely.
It would also make sense. Anglo-American is a different beast to the global diversified mining giants that would count as its competitors. It stood apart from the wave of mining mega-mergers over the past decade or so—except as a potential target. The consolidation and the emergence of huge markets for the world’s resources have propelled BHP Billiton, for instance, to become one of the world’s biggest listed companies.
Many would claim that Anglo-American has suffered as a result. Once one of the world’s biggest miners, it now ranks alongside Xstrata, a company just ten years old, which in 2009 even attempted a nil-premium takeover of Anglo. It also has a significant portion of its assets in South Africa. And unlike its peers it has a large platinum business, as well as all the diamonds.
Anglo-American’s recent strategy has been to diversify out of South Africa, where the threat of nationalization, scarcely credible but a fear for investors none the less, hangs over it. Black-empowerment laws, a scarcity of water and electricity as well as an obstinate workforce make it a difficult place to operate. Botswana is far more accommodating, but it might also make sense to get out of diamonds; it is a business that is more about branding the rocks and less about the savvy(懂行的)capital deployment and logistical(物流的)know-how that are the hallmarks of the mining business. If that is Anglo’s eventual aim, then the deal looks like a smart move.
The Anglo-American’s acquisition results in that______.
选项
A、Nicky Oppenheimer wants to take on the diamond mining business
B、Anglo-American sold part of its stake in De Beers with an IPO
C、Anglo-American has suffered a shortage of funds alter the purchase
D、the Oppenheimers might get monetary benefits with future sales
答案
D
解析
推理题。根据第三段第四句“交易条款允许奥本海默家族从今后几年的债券发行或出售中将更多的现金收入囊中,这表明这样的结果不是不可能的”可知,[D]“奥本海默家族可能从未来的出售中获取金钱利益”陈述正确,故为正确答案。根据第二段第五句“很显然,没有家庭成员愿意从事钻石开采业”可知,[A]“尼克·奥本海默想从事钻石开采业务”陈述错误,故排除;根据第三段第三句“事实上,英美资源集团可能会通过首次公开募股分拆戴比尔斯公司。”可知,[B]“英美资源集团通过首次公开募股出售了它在戴比尔斯的部分股票”过于绝对,故排除;而[C]“英美资源集团在此次收购后遭遇资金短缺”未被提及,故排除。
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专业英语四级
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