Anglo American Warns of De Beers Impairment Amid Subdued Diamond Demand
The miner said it would examine De Beers’s value in light of sluggish demand for diamonds as it seeks to exit the business.
Anglo American sees another De Beers impairment as diamond demand remains weak
Anglo American said all divisions met their full-year production guidance, and it expects its De Beers diamond business to book an impairment.
Anglo American to review De Beers value amid weak diamond demand
The London-listed miner announced Thursday that it will review De Beers’s value as it looks to exit the business, citing persistently weak diamond demand. Last year, Anglo reduced De Beers’s book value by $1.6 billion to $7.6 billion.
Anglo American likely to write down value of De Beers
Anglo American is conducting an “impairment review” of its De Beers business due to poor conditions in the diamond market and preparing to write down the unit’s value ahead of a planned demerger.
Anglo American to mine fewer diamonds as demand wanes ahead of De Beers sale
Mining giant Anglo American has cut forecasts for its rough diamond output over the next two years, as demand for the stones continues to wane.
Anglo American expects to take another writedown on De Beers
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.
Anglo American Meets 2024 Production Guidance; Cuts 2025 Diamond Expectations -- Commodity Comment
"Total copper production for 2024 was 772,700 tonnes, towards the top-end of our guidance range. Total production of 197,500 tonnes during the fourth quarter reflects the reconfiguration of the Los ...
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The diamond industry is in the spotlight nowadays basically because of the environmental and ethical impacts. With increasing awareness about sustainability, consumers are more aware of how their ...
DeBeers Slashes Production Guidance As Anglo American Considers Another Goodwill Impairment
De Beers slashes production by 31%, faces challenges in diamond marketDe Beers reduces diamond production by 31% due to weak ...
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Anglo posts lower 2024 copper output, cuts diamond guidance
Global miner Anglo American on Wednesday posted a 6% fall in copper production last year to 773,000 metric tons, and reduced ...
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De Beers secures new diamond deal with Botswana
Diamond mining giant De Beers Group has completed negotiations with the Government of Botswana to establish a new ten-year ...