The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company, after South Africa’s Mineral Resources Minister Susan Shabangu on Friday approved the acquisition of that portion by Anglo American.

The $5.1 billion deal, announced in November, increases Anglo’s stake in the diamond mining giant from the 45% to 85%, marking the end of Oppenheimer era at De Beers.

See http://www.mining.com/2012/07/06/july-6-2012-the-day-the-oppenheimers-kissed-de-beers-goodbye/?utm_source=digest-en-mining-120706&utm_medium=email&utm_campaign=digest.