Anglo writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
Anglo American writes down De Beers value by $2.9bn
Anglo American has written down the value of its De Beers diamond business for the second time in two years. The London-listed miner said on Thursday it had booked an impairment charge of $2.9bn on the unit, which it is seeking to offload. That follows the $1.6bn writedown of De Beers in its annual results last year.
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Anglo American signs $5bn deal with Codelco for Chilean copper minesThe companies aim to enhance efficiency, resource utilisation and sustainability while maximising copper production in the ...
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Shares of Anglo American PLC AAL rose 2.49% to £24.29 Thursday, on what proved to be an all-around poor trading session for ...
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There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Anglo American (AAUKF – Research Report) and ...
Global miner Anglo American achieved a strong operational and cost performance for the year ended December 31, with $1.3-billion of costs removed on a run rate basis and a further $500-million to come ...
The CEO of Anglo American, the firm behind Yorkshire’s major Woodsmith mining project, has said that the company expects the ...
MMG Singapore Resources, a subsidiary of Melbourne-based mining firm MMG, has agreed to buy the FTSE 100 group's nickel ...
Anglo American PLC closed 15.75% below its 52-week high of £28.13, which the company reached on May 13th.
Anglo American Platinum said on Monday it will pay an additional $856 million cash dividend ahead of its planned spinoff into ...
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