Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.

Cecilia Jamasmie | July 25, 2024 | 3:46 am

The company says the Star-Orion South project is the largest undeveloped diamond deposit in the world.

Amanda Stutt | July 24, 2024 | 4:31 pm

Under current legislation, the government is entitled to offer to buy as much as 15% equity in any new mining entity.

Bloomberg News | July 23, 2024 | 8:57 am

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.

Bloomberg News | July 22, 2024 | 10:37 am

Anglo’s sale of De Beers hindered by diamond market state

Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn.

Cecilia Jamasmie | July 18, 2024 | 4:33 am

Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.

Staff Writer | July 15, 2024 | 1:14 pm

Anglo is said to have hired Goldman Sachs, Morgan Stanley and Centerview Partners to assist with the sale of $5 billion worth of assets.

Cecilia Jamasmie | July 9, 2024 | 4:03 am

India's cut and polished diamond exports have been faltering due to weak demand from the key market, China.

Reuters | July 4, 2024 | 7:02 am

This is the eighth stone over 100 carats found at the Letšeng mine in 2024.

Staff Writer | July 3, 2024 | 10:12 am