Anglo American nears De Beers spinoff as Botswana weighs …
8 hours ago · 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 in the world’s leading diamond ...
De Beers IPO moves closer for Anglo American as Botswana eyes …
17 hours ago · 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.
Anglo American anticipates impairment for De Beers amid weak …
10 hours ago · Last year, Anglo American reduced the diamond business’ book value by $1.6bn to $7.6bn. ... Anglo holds an 85% stake in De Beers, while the Government of Botswana owns the remaining 15%.
Anglo American likely to write down value of De Beers
1 day ago · Anglo American said the impairment review of De Beers would assess “the impact of diamond market conditions and general fall in demand in China, which is likely to lead to an impairment at the ...
Anglo CEO pursues value as works on De Beers spin-off
4 days ago · Anglo American is working to maximize its value should any new M&A suitor come along and anticipates significant progress this year on a keenly-awaited spin-off of its De Beers diamond business ...
Anglo American chief admits selling De Beers is biggest challenge
Jun 1, 2024 · Anglo American chief executive Duncan Wanblad has admitted that selling the diamond business De Beers will be the hardest part of a radical restructuring the miner must deliver after...
De Beers Is Eager To Go It Alone As Anglo American Divests Its ... - Forbes
May 18, 2024 · Anglo American, the $30.7 billion British multinational mining company, just announced plans to divest De Beers, its diamond mining and jewelry subsidiary. Ango American holds an 85%...
Group Structure - De Beers
We’re the world’s leading diamond company, owned 85 per cent by Anglo American and 15 per cent by the Government of the Republic of Botswana. We’re powered by over 20,000 people, working in 28 countries across the world, including the countries we recover diamonds from – Botswana, Canada, South Africa and Namibia.
De Beers Group statement on Anglo American strategy update
May 14, 2024 · Following the announcement by Anglo American regarding its intention to explore a range of options to separate the De Beers business, De Beers Group remains fully focused on delivering its strategy and creating value in the interests of all its stakeholders.
UK mining giant Anglo American to offload De Beers diamond firm
May 14, 2024 · UK mining giant Anglo American has announced plans to break up the business after rejecting a £34bn bid from rival BHP. The company said it will sell or demerge major parts of the firm including...
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