Anglo American writes down value of De Beers

Anglo American Writes Down De Beers Diamond Unit Value by $2.9 Billion
The diversified miner posted a worse loss than expected as it booked billions of dollars worth of net impairments.
Anglo American to Book Lower Earnings, With De Beers Impairment in Focus -- Earnings Preview
REVENUE FORECAST: The London-listed miner is expected to report $27.27 billion in full-year revenue compared with $30.65 billion for 2023. NET INCOME FORECAST: Analysts expect Anglo to swing to a loss of $116.9 million from a net profit of $283 million.
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 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 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 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 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.
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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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De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse ...