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.
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 ...
The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the ...
Anglo American has slashed its valuation of De Beers by $2.9billion as it seeks to offload the iconic diamond brand amid lacklustre demand for the precious stones. The mining giant blamed ...
Anglo American wrote down the value of its embattled De Beers diamond business by another $2.9 billion as it seeks to ready the division for disposal as part of the miner's efforts to simplify its ...
2don MSN
Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group. The British ...
Anglo American's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
It's all change at De Beers Jewellers, which has rebranded as De Beers London with a new campaign starring Adwoa Aboah and a ...
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