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 ...
Anglo American writes down De Beers value by another $2.9B but analysts see progress
Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) said Thursday it wrote down the value of its struggling De Beers diamond business ...
Botswana, the country with the biggest diamonds, gets an improved 10-year deal with miner De Beers
The Botswana government has signed a new diamond sales agreement crucial to its economy with the De Beers mining company ...
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 ...
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Botswana, De Beers sign new diamonds agreement, securing operations until 2054
The partnership secures long-term value from existing mines and expansions such as Jwaneng Cut-9 and Jwaneng Underground.
Anglo Takes Another De Beers Writedown as Diamond Woes Bite
Anglo American Plc took another writedown on its struggling De Beers diamond unit, and posted a slide in profit, as the miner ...
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Botswana, De Beers sign overdue diamond deal
As part of the deal, Botswana's share of diamonds from Debswana, a joint venture with De Beers, will rise from 25% to 50%.
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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 ...
Anglo American writes down De Beers value by $2.9bn
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.
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 ...
Botswana gets an improved 10-year deal with miner De Beers
The Botswana government has signed a new diamond sales agreement crucial to its economy with the De Beers mining company after seven years of negotiations ...