Anglo writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
Anglo Takes Another De Beers Writedown as Diamond Woes Bite
Anglo American Plc took another writedown on its struggling De Beers diamond unit, and posted a slide in profit, as the miner moves ahead with a radical overhaul of its business.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry,
De Beers, worn by the likes of actress Lily James (pictured), would more likely be sold than listed, said Anglo American ...
The company, however, accrued $1. 3bn in cost savings and recorded an earnings before interest, tax, depreciation and ...
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