Anglo writes De Beers down by $2.9bn

Anglo posts $3.1 billion loss, dragged down by diamonds
Anglo American posted a $3.1 billion loss on Thursday, dragged lower by a De Beers diamond unit writedown, and pared its dividend, while the market welcomed its progress towards asset sales and reduced debt.
Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
Anglo American AAL3.40%increase; green up pointing triangle 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 a ...
Anglo American writes down value of De Beers by $2.9bn
Anglo American has written down the value of its De Beers diamond business for the second time in two years. The London-listed miner said on Thursday it had booked an impairment charge of $2.9bn on the unit,
Anglo writes down De Beers, pressing on with business overhaul
LONDON, Feb 20 (Reuters) - Anglo American (AAL.L), opens new tab posted a $3.1 billion loss on Thursday after a writedown of its De Beers diamond business, as it presses on with shedding unwanted ...
Anglo American Posts $3 Billion Loss After Large De Beers Impairment
The diversified miner posted a worse loss than expected as it booked billions of dollars worth of net impairments.
Anglo American Takes Another De Beers Writedown, Profit Slides
Anglo American Plc took another writedown on its struggling De Beers diamond unit, and posted a slide in profit, as the miner moves ahead with a radical overhaul of its business.
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 by another $2.9B, after already writing down the business by $1.6B to $7.6B last year.
Anglo American slips Monday, underperforms market
Anglo American PLC closed 14.74% short of its 52-week high of £28.13, which the company reached on May 13th.
The Financial Times4d
Anglo American writes down De Beers value by $2.9bn
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anglo American has written down the value of its De Beers diamond business for the second time in two years ...
Anglo American to sell Brazil nickel business for up to $500M, keep 20% of demerged platinum unit
Anglo American restructures, selling its Brazil nickel business for $500M while spinning off its South Africa platinum unit.
Anglo American falls Wednesday, underperforms market
Anglo American PLC closed 15.75% below its 52-week high of £28.13, which the company reached on May 13th.
Wall Street Journal7d
Anglo American to Retain 20% Stake in Demerged Platinum Business
Anglo American AAL0.45%increase; green up pointing triangle said it will retain a 19.9% stake in Anglo American Platinum AMS-0.84%decrease; red down pointing triangle after its planned ...
Anglo American price target raised to 2,190 GBp from 2,160 GBp at JPMorgan
JPMorgan analyst Dominic O’Kane raised the firm’s price target on Anglo American (NGLOY) to 2,190 GBp from 2,160 GBp and keeps a Neutral rating ...