Anglo American writes down De Beers value by $2.9bn
Anglo is considering either selling or listing De Beers, the carrying value of which is now about $4bn. That includes about ...
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
The miner wrote down the value of its embattled diamond business again as it seeks to ready the division for disposal.
Anglo writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to ...
Botswana, the country with the biggest diamonds, gets an improved 10-year deal with miner De Beers
The Botswana government signed a new diamond sales agreement crucial to its economy with the De Beers mining company on ...
Anglo American: Disposal Ongoing With More Value To Come
We believe Anglo American is expected to experience a valuation uplift as it transitions to a copper/iron ore player. Thus, our buy rating is confirmed. Looking at our past publication, Unappreciated ...
Anglo American writes down De Beers value by another $2.9B but analysts see progress
Anglo American wrote down the value of its struggling De Beers diamond business by another $2.9B, after already writing down ...
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Botswana and De Beers: Sealing the Diamond Deal
Botswana's government finalized a diamond sales agreement with De Beers, a subsidiary of Anglo American. Initial negotiations ...
Botswana, De Beers Sign Long-Delayed Diamonds Deal
Under the final deal, the share of Botswana's state-owned Okavango Diamond Company (ODC) in the production of Debswana - its ...
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
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Anglo American writes down De Beers on weak diamond market
Anglo-American first announced last year its decision to divest from De Beers, the diamond company that long dominated the ...
Anglo American to Book Lower Earnings, With De Beers Impairment in Focus -- Earnings Preview
REVENUE FORECAST: The London-listed miner is expected to report $27.27 billion in full-year revenue compared with $30.65 billion for 2023. NET INCOME FORECAST: Analysts expect Anglo to swing to a loss ...
Anglo American's De Beers and Botswana extend long-term partnership
(Alliance News) - Anglo American PLC on Tuesday said De Beers Group has signed formal agreements with the government of Botswana, securing a long-term diamond partnership that extends both mining and ...