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De Beers IPO moves closer for Anglo American
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 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 its planned increase.
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 Beers as part of a reorganisation it launched last year in defence against Australian rival BHP’s failed £39bn takeover bid.
4d
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 ...
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 ...
Mmegi
3d
Gov't, De Beers finally conclude talks
Government and De Beers have finalised their long-drawn-out talks for a new sales agreement and are due to formally sign the ...
GlobalData on MSN
3d
De Beers secures new diamond deal with Botswana
De Beers Group completed negotiations with Botswana to establish a new sales agreement for Debswana’s rough diamond ...
4d
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 ...
1d
on MSN
FTSE 100 Live 06 February: AstraZeneca powers index to record, De Beers guidance cut
Strong performances by AstraZeneca and mining stocks today helped the FTSE 100 index set a new record above 8700. The rise of ...
Mining Weekly
1d
De Beers cuts its 2025 output guidance by 10Mct as trading conditions remain challenging
Amid ongoing challenging rough diamond trading conditions, De Beers has revised its production guidance for 2025 to between 20-million and 23-million carats, compared with previous guidance of between ...
2d
on MSN
De Beers and African nations fight back against lab-grown diamonds
Three major African diamond-producing nations are mounting a strategic response to the growing synthetic diamond market, ...
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