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.
Assimon, who joined De Beers in 2020 and served for three years as CEO of Forevermark, helped to sharpen the De Beers image ...
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Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group. The British ...
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
Anglo is aggressively working on divestment options for De Beers, although current market conditions are not conducive to a ...
Diamonds, once the ultimate symbol of opulence and wealth, may be on their way out. With the prevalence of lab-grown ...
The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the ...
Anglo is considering both selling and listing De Beers, the carrying value of which is now about $4bn. That includes about $2bn worth of stock, a similar amount to last year.
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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