Anil Agarwal not to seek board position on Anglo

Mining mogul Anil Agarwal has said he will not seek a board position on blue-chip British miner Anglo American Plc even after becoming its largest shareholder, and instead will support the management.

With over 21 per cent stake in the company that owns the iconic diamond brand De Beers, he wants to push for joint venture or technical collaboration between Anglo and his own companies for prospecting for diamonds, copper and coal in India.

"It is a fantastic company. There cannot be any company better than that. It is a 100-year old company. We will support the management. We like the management," he told

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