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 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 ...

Anglo American (LON: AAL) expects its De Beers diamond business to record another impairment this year amid declining sales. The London-listed miner said on Thursday that it will review De Beers ...

Anglo American (LON: AAL) is moving closer to spinning off its diamond unit, De Beers, after the government of Botswana confirmed interest in increasing its stake. De Beers, the world’s leading ...

DE Beers on Thursday slashed production guidance by as much as 40% to between 20 million to 23 million carats for the 2025 financial year. The move recognises little chance of a major recovery in the ...

Anglo (OTCQX:AAUKF) (OTCQX:NGLOY) said it expects its De Beers diamond business to book an impairment, as the company reviews the diamond unit's value in light of continued subdued demand for ...

Anglo American expects its De Beers diamond business to book an impairment as the mining giant reviews the value of the unit it hopes to offload. The London-listed miner said Thursday that the ...

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 likely to book ...

The FTSE 100 group is planning to sell or spin off its iconic diamond unit De Beers as part of a major restructure, following rival BHP's ultimately unsuccessful takeover bid last year.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Anglo American’s spinout of De Beers has moved a step closer after Botswana said it may raise its stake ...