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Anglo American is reportedly exploring an Initial Public Offering (IPO) for its diamond mining subsidiary, De Beers, as a potential alternative to a direct sale. This...
Anglo American may opt to float De Beers rather than sell it, because of the ongoing weak demand for natural diamonds.A spokesman for De Beers said...
As part of its annual financial results, Anglo American wrote down De Beers’ book value by $1.6 billion, principally relating to goodwill (brand value). The diamond...
