Botswana's government and De Beers finalised a 10-year diamond sales agreement after a protracted negotiation period, Reuters reported.

Anglo American has slashed its valuation of De Beers by $2.9billion as it seeks to offload the iconic diamond brand amid lacklustre demand for the precious stones. The mining giant blamed 'adverse ...

Conservationists and scientists are concerned that irreplaceable research will be lost. Decades of groundbreaking research ...

Anglo American posted a $3.1 billion loss on Thursday after a writedown of its De Beers diamond business, as it presses on with shedding unwanted assets.

Under the final deal, the share of Botswana's state-owned Okavango Diamond Company (ODC) in the production of Debswana - its 50-50 joint venture with De Beers - will reach 40% at the end of the ...

GABORONE, Botswana (AP) — The Botswana government signed a new diamond sales agreement crucial to its economy with the De Beers mining company on Tuesday after seven years of negotiations.

Anglo American Plc took another writedown on its struggling De Beers diamond unit, and posted a slide in profit, as the miner moves ahead with a radical overhaul of its business. Last year Anglo ...

Anglo is parting ways with De Beers for a reason and ending a relationship that its shareholders may have once thought would be forever. Anglo American has taken a $2.9-billion impairment on De ...

Final deal has option for 5-year extension ODC’s share of Debswana output revised down to 40% in 10 years 50-50 split would take effect in extension period Chief Executive Officer at De Beers ...

Anglo American has slashed its valuation of De Beers by $2.9billion as it seeks to offload the iconic diamond brand amid lacklustre demand for the precious stones. The mining giant blamed ...