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.
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.
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.
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 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 price target lowered to 2,130 GBp from 2,200 GBp at RBC Capital
RBC Capital lowered the firm’s price target on Anglo American (NGLOY) to 2,130 GBp from 2,200 GBp and keeps an Underperform rating on 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.
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 (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 American Meets 2024 Production Guidance; Cuts 2025 Diamond Expectations -- Commodity Comment
"Total copper production for 2024 was 772,700 tonnes, towards the top-end of our guidance range. Total production of 197,500 tonnes during the fourth quarter reflects the reconfiguration of the Los ...
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.
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 ...