Business
Anglo American Halves Value of De Beers Diamond Business
Anglo American AAL 1.09%increase; green up pointing triangle wrote down the value of its De Beers diamond business by $2.3 billion, the third cut in three years, as challenging market conditions complicate plans to dispose of the unit.
The London-listed miner warned earlier this month that it was undertaking a review of the business that could lead to the write-down. For 2025, the unit booked a roughly $500 million underlying earnings loss.
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