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 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 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.
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 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.
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.
RBC Capital cuts Anglo American stock target to GBP21.30
PLC (AAL:LN) (OTC: NGLOY), reducing the mining giant's price target from GBP 22.00 to GBP 21.30, while maintaining an Underperform rating on the stock. The revision comes after the firm incorporated ...
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.
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 ...
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.
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 ...
Basic Materials Roundup: Market Talk
Find insight on Anglo American, Posco Holdings, gold futures and more in the latest Market Talks covering Basic Materials.
Citi Sticks to Its Hold Rating for Anglo American (AAUKF)
Citi analyst Ephrem Ravi maintained a Hold rating on Anglo American (AAUKF – Research Report) today and set a price target of £28.00. The ...
Anglo Platinum CEO sees investor interest ahead of spinoff
Anglo American Platinum is seeing a high level of investor interest in the business as it prepares to spin off as an independent entity from its parent Anglo American , Amplats CEO Craig Miller said ...