Anglo American has reduced the value of its diamond subsidiary, De Beers, by $2.9 billion, marking the second consecutive year of such writedowns. This adjustment reflects ongoing challenges in the ...

Fears are mounting that five of the 15 largest firms in the FTSE 100 could leave amid talk of defections to rival stock ...

A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ...

Despite a challenging market environment, Anglo American PLC (AAUKF) showcases strong financial discipline, strategic asset ...

Anglo-American first announced last year its decision to divest from De Beers, the diamond company that long dominated the ...

Discover key insights from Anglo American's Q4 2024 earnings call, including $1B cost savings, strategic portfolio moves, and future copper-focused growth.

LLOYDS BANKING GROUP has had to shift gears and put aside £1.2billion to cover potential claims from drivers for its part in ...

The launch of a pilot initiative to produce feedstock for renewable diesel in South Africa was announced on day two of the ...

De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...

Anglo American reported a $3.1billion loss on Thursday, after writing down its De Beers business. The company is continuing to shed unwanted assets.

The diamond sector faces an existential crisis from far cheaper lab-grown alternatives and the fading allure of the romanticism around the gems. Anglo is parting ways with De Beers for a reason and ...