De Beers sale gets cheaper, though not easier
ANGLO American has massively downgraded the value of De Beers on its balance sheet, suggesting a bargain might be in the offing for its...
Petra Diamonds warns rand strength a “major headwind”
PETRA Diamonds continues to leak cash as "subdued" market prices were made worse by a strengthening of the rand against the dollar - identified...
Anglo takes $2.6bn hit on De Beers as gem destock continues
ANGLO American battled during the year to end-December reporting a 66% drop in basic underlying earnings per share on all operations (continuing and discontinued)...
Five miners missing after South Africa diamond mine mudslide
FIVE miners remained missing on Wednesday, more than 24 hours after a mudslide at Ekapa Mining's diamond mine in South Africa, said Reuters.
The Minerals...
Consortium likely buyer for De Beers, says Anglo CEO
ANGLO American CEO Duncan Wanblad said the sale of the firm's 85% in De Beers will almost certainly result in a public-private consortium taking...
Botswana to focus on exploration as diamonds struggle
BOTSWANA is accelerating mining exploration across 70% of its territory that has never been surveyed, as it seeks to reduce dependence on diamonds and...
Low diamond prices make De Beers sale more complex
STUBBORNLY low diamond prices had made the sale of De Beers "complex", said Duncan Wanblad, CEO of Anglo American, its 85% shareholder.
"It's complex mainly...
Angola targets up to 30% of De Beers
ANGOLA has revised its approach to acquiring part of Anglo American's De Beers diamond business, now seeking a 20-30% stake rather than the majority...
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three...
Penny ticks the boxes for De Beers, says industry CEO
THE depressed diamond market will turn around only if Anglo American choses an "acceptable" buyer for De Beers and the only bidder exhibiting all...