Anglo American writes down De Beers value by $2.9bn
Anglo is considering either selling or listing De Beers, the carrying value of which is now about $4bn. That includes about ...
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 ...
Mmegi12h
Key oversights, insufficiently addressed issues in Budget Speech
Budget Speech delivered by Botswana’s Minister of Finance, Ndaba Gaolathe, outlines a comprehensive plan aimed at addressing ...
Daily Maverick on MSN4d
Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
The diamond sector faces an existential crisis from far cheaper lab-grown alternatives and the fading allure of the romanticism around the gems. Anglo is parting ways with De Beers for a reason and ...
Anglo American dents hopes of listing diamond company De Beers on the London stock market
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
AOL4d
Chinese retailers are offloading polished diamonds as demand tanks, adding to a $2 billion inventory headache for De Beers
Wanblad said of De Beers: “I’m really not expecting much traction or progress in the first half of this year.” Wanblad says it has agreed a framework with the Botswana government ...
Miningmx5d
Hefty De Beers write-down takes Anglo into headline loss
Asked about progress Wanblad said the group would now proceed to approaching potential buyers, including some unsolicited ‘in-bound’ offer received prior to De Beers completing the 10-year diamond ...
Daily Maverick5d
Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
Material agreements are in place to get the ball rolling, including a new sales agreement with the government in Botswana and a 25-year extension there of new mineral rights for De Beers.
This is Money4d
Anglo American dents hopes of listing diamond company De Beers on the London stock market
De Beers is joint-owned by Anglo and the government of Botswana – and is the world’s largest diamond miner by market value. Rio Tinto has urged investors to reject a proposal to abandon its ...