De Beers IPO moves closer for Anglo American

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.
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.
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.
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.
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 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.
Basic Materials Roundup: Market Talk
Find insight on Anglo American, Posco Holdings, gold futures and more in the latest Market Talks covering Basic Materials.
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 ...
Anglo American Shares Fall on Report BHP Doesn’t Plan Renewed Takeover Bid
BHP has cooled on the idea of renewing efforts to buy Anglo American, following a failed takeover offer of roughly $50 ...
Anglo American: BHP Might Circle Back After Low-Hanging Fruit Harvested
Anglo American is shedding De Beers and PGM businesses to focus on copper and iron ore, making it more attractive for a ...
AstraZeneca boosts FTSE 100 to record high ahead of BoE decision
London's blue-chip index jumped to a record high on Thursday, lifted by shares of AstraZeneca after upbeat results and ahead ...