I think the Government has got itself into such a state with its energy policy that raising coal production is about its only 'get out of jail free' card, or there won't be enough domestic energy supply left.

What (Anglo gets) is a much more direct stake in a wide range of commodities. Anglo American is clearly a very widely diversified metals and mining group and diamonds would perhaps account for about 15 percent of that rather than the give or take 50 percent that they are within De Beers.

There are lots of external candidates out there.

The price offered pretty fairly reflects where De Beers is today...De Beers has changed dramatically over the past two to three years into a much more investor friendly company,

Looking long term and assuming the LVMH joint venture comes to fruition and actually starts to generate value, then I would perhaps have put a long term valuation on De Beers of $60 a share.

Somebody who can bridge the sort of BEE-related divide, that would clearly be very good.