A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ...
Anglo-American first announced last year its decision to divest from De Beers, the diamond company that long dominated the ...
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
Anglo American reported a $3.1billion loss on Thursday, after writing down its De Beers business. The company is continuing to shed unwanted assets.
GMT - Anglo American's hopes of finding a buyer for its De Beers diamond unit in the near term are slim, AJ Bell investment director Russ Mould writes. This is because the outlook for De Beers is so ...
De Beers is now worth less than when Anglo acquired its controlling stake in De Beers in 2011. It bought the Oppenheimer ...
De Beers has dramatically cut production to try and limit a supply glut, but so far prices have remained subdued.
The company, however, accrued $1. 3bn in cost savings and recorded an earnings before interest, tax, depreciation and ...
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's CEO says the headwinds from lab-grown diamonds were surmountable as owner writes down $2.9 billion of De ...
Anglo American PLC has announced a new US$2.9 billion write-down for its De Beers diamond arm, as it continues to search for a buyer for the unit, as the pivot ...
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