Anglo American Plc expects to take a writedown on its De Beers operations, as plunging diamond sales prompt output cuts and ...
Anglo American said all divisions met their full-year production guidance, and it expects its De Beers diamond business to ...
Anglo American expects to book an impairment this year for its De Beers diamond business due to weak market conditions. This ...
The miner said it would examine De Beers’s value in light of sluggish demand for diamonds as it seeks to exit the business.
Botswana, which holds a 15% stake in De Beers valued at $2.5 billion, is considering increasing its stake in the diamond ...
Anglo American’s spinout of De Beers has moved a step closer after Botswana said it may raise its stake in the world’s most valuable diamond producer. The London-listed miner plans to float or sell De ...
The London-listed miner said on Thursday that it will review De Beers’ value as it looks to exit the business, citing persistently weak diamond demand. Last year, Anglo reduced De Beers’ book value by ...
Anglo American AAL1.36%increase; green up pointing triangle expects its De Beers diamond business to book an impairment as the mining giant reviews the value of the unit it hopes to offload.
Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones ...
Collapsing diamond prices are doing more than frustrate plans to sell industry leader De Beers, they are becoming the latest ...
De Beers slashes production by 31%, faces challenges in diamond marketDe Beers reduces diamond production by 31% due to weak ...
Anglo American grapples with South African logistics challenges impacting Kumba Iron Ore, while De Beers faces financial ...