The miner said it would examine De Beers’s value in light of sluggish demand for diamonds as it seeks to exit the business.

Botswana, which holds a 15% stake in De Beers valued at $2.5 billion, is considering increasing its stake in the diamond ...

Anglo American’s spinout of De Beers has moved a step closer after Botswana said it may raise its stake in the world’s most valuable diamond producer. The London-listed miner plans to float or sell De ...

The mining giant offered De Beers for sale last year as part of a sweeping overhaul launched in the wake of a takeover ...

Anglo American is working to maximise its value should any new M&A suitor come along and anticipates significant progress ...

Anglo American AAL1.36%increase; green up pointing triangle expects its De Beers diamond business to book an impairment as the mining giant reviews the value of the unit it hopes to offload.

It would be the second writedown of De Beers in 12 months. Anglo announced a $1.6bn writedown on the value of the business in its annual results last year, bringing the carrying value to $7.6bn in ...

The London-listed miner said on Thursday that it will review De Beers’ value as it looks to exit the business, citing persistently weak diamond demand. Last year, Anglo reduced De Beers’ book value by ...

Three of South Africa's largest mining and energy companies have joined forces in a landmark agreement to produce up to 400 ...

Anglo American expects to book an impairment this year for its De Beers diamond business due to weak market conditions. This announcement comes as the company moves forward with plans to either ...

South African petrochemicals company Sasol, mining group Anglo American and its diamond business De Beers entered into a ...

(Bloomberg) -- Anglo American Plc expects to take a writedown on its De Beers operations, as plunging diamond sales prompt output cuts and complicate its plan to exit the business. The company is ...