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 its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
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 the unit, which it is seeking to offload. That follows the $1.6bn writedown of De Beers in its annual results last year.
Chilean state-run copper giant Codelco (COBRE.UL) and London-listed miner Anglo American signed a memorandum of understanding ...
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Anglo American signs $5bn deal with Codelco for Chilean copper minesThe companies aim to enhance efficiency, resource utilisation and sustainability while maximising copper production in the ...
The miner said it intends to retain the shareholding in the platinum business in an attempt to manage share flowback and ...
1032 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 ...
Shares of Anglo American PLC AAL rose 2.49% to £24.29 Thursday, on what proved to be an all-around poor trading session for ...
The CEO of Anglo American, the firm behind Yorkshire’s major Woodsmith mining project, has said that the company expects the ...
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
Barclays analyst Ian Rossouw CFA maintained a Buy rating on Anglo American (AAUKF – Research Report) today and set a price target of £28.80.
Anglo American Plc said it’s agreed to sell its nickel business in Brazil to MMG Ltd. for as much as $500 million.
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