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 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 ...
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 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.
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 ...
Demi Moore Wears Daring Sequin Gown for 2025 BAFTAs — and It's Even Better from the Back!
Demi Moore stepped out for the 2025 BAFTAs in London on Feb. 16. The actress is nominated for her role in 'The Substance.' ...
Anglo American writes down De Beers value 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 ...
De Beers valuation slashed by $2.9BN on weak diamond demand
The mining giant blamed 'adverse macro-economic conditions and industry-specific challenges' for cutting De Beers' valuation ...
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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 ...
Mining2d
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.
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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 ...