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 its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
The mining giant blamed 'adverse macro-economic conditions and industry-specific challenges' for cutting De Beers' valuation ...
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Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group.
The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the ...
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
Collapsing diamond prices are doing more than frustrate plans to sell industry leader De Beers, they are becoming the latest headache for Russia.
It's all change at De Beers Jewellers, which has rebranded as De Beers London with a new campaign starring Adwoa Aboah and a ...
Anglo is aggressively working on divestment options for De Beers, although current market conditions are not conducive to a ...
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