Anglo American sees another De Beers impairment

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.
De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market.
Anglo American likely to write down value of De Beers
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 full-year results” due on February 20.
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 a Writedown on De Beers Unit
Anglo American Plc expects to take a writedown on its De Beers business as plunging diamond sales prompt cuts in output.
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 ...
Botswana, De Beers reach diamond sales agreement after years of negotiations
Under terms of new agreement, Botswana’s government will be allowed to sell 30% of rough diamonds mined through joint mining ...
De Beers, Botswana finalise talks on diamonds deal
De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for ...
GlobalData on MSN2d
De Beers secures new diamond deal with Botswana
"De Beers secures new diamond deal with Botswana" was originally created and published by Mining Technology, a GlobalData ...
InvestmentNews2d
Wealthy Americans are buying more diamonds at last
The industry has been hammered by a collapse in diamond demand from China and the increasing penetration of lab grown stones.
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 ...
India Beats China! We Are Now World's Second-Largest Diamond Market, Know Which Country Tops The List
With China's luxury sector facing a downturn, India emerges as the second-largest market for diamonds globally, driven by ...
Botswana’s Leader Says Diamond Deal Reached With De Beers
Botswana’s president Duma Boko, who swept to power in October elections, said his government has reached a diamond extraction ...