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Anglo American sees another De Beers impairment
Anglo American anticipates impairment for De Beers amid weak diamond demand
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 spin off or sell its diamond business,
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.Most Read from BloombergCitadel to
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.
Mining
13h
Anglo American nears De Beers spinoff as Botswana weighs stake rise
Botswana holds a 15% stake in De Beers, estimated by analysts to be worth $2.5 billion. It has not disclosed the extent of ...
6h
Anglo American price target lowered to 2,130 GBp from 2,200 GBp at RBC Capital
RBC Capital lowered the firm’s price target on Anglo American (NGLOY) to 2,130 GBp from 2,200 GBp and keeps an Underperform rating on the ...
19h
De Beers IPO moves closer for Anglo American as Botswana eyes bigger stake
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 ...
1d
Anglo American rises Thursday, outperforms market
Anglo American PLC closed 12.90% below its 52-week high of £28.13, which the company reached on May 13th.
18h
Anglo American (AAUKF): New Buy Recommendation for This Basic Materials Giant
Barclays analyst Ian Rossouw CFA maintained a Buy rating on Anglo American (AAUKF – Research Report) today and set a price target of £30.00.
4d
Anglo CEO pursues value as works on De Beers spin-off
Anglo American is working to maximise its value should any new M&A suitor come along and anticipates significant progress ...
4d
Anglo American: BHP Might Circle Back After Low-Hanging Fruit Harvested
Anglo American is shedding De Beers and PGM businesses to focus on copper and iron ore, making it more attractive for a ...
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