London, Feb 20, 2026 (AFP) - Anglo American cuts De Beers value amid diamond slump

NAMPA / AFP

2026-02-20

British mining giant Anglo American announced Friday another valuation write-down of De Beers as it seeks to offload the diamond group owing to a wider industry downturn. The company is in the process of transforming to focus on its copper and iron ore business, while selling other assets including its coal, diamond and platinum businesses. Anglo American said it had taken a $2.3 billion impairment charge on De Beers, after reporting similar char......

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