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 $2.9bn
Anglo is considering either selling or listing De Beers, the carrying value of which is now about $4bn. That includes about ...
Anglo American writes down De Beers value by another $2.9B but analysts see progress
Anglo American wrote down the value of its struggling De Beers diamond business by another $2.9B, after already writing down ...
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.
FTSE 100 Live 20 February: Centrica and Lloyds shares rally on results, miner cuts De Beers value
Annual results today fuelled strong share price performances by widely-held Centrica and Lloyds Banking Group. The British ...
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 ...
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 ...
Mining3d
Anglo takes another De Beers writedown as diamond woes bite
De Beers has dramatically cut production to try and limit a supply glut, but so far prices have remained subdued.
EWN Sport3d
Anglo American writes down De Beers on weak diamond market
Anglo-American first announced last year its decision to divest from De Beers, the diamond company that long dominated the ...
Daily Maverick on MSN3d
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 ...