
Anglo American, led by South Africa’s Duncan Wanblad, plans to list De Beers
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
Anglo-American considers listing De Beers as it exits diamonds, marking the end of a century-old partnership amid market turmoil and weak demand.
The company is shedding assets and gearing up to spin off its platinum division in a push to streamline operations and boost profitability.
De Beers secures a 25-year extension for Debswana’s mining licenses, reinforcing its leadership as Botswana rebalances its diamond trade strategy.
This comes despite a 64.94 percent decline in headline earnings, underscoring commitment to shareholders amid a challenging operating environment.
Anglo-American, led by South African executive Duncan Wanblad, has agreed to sell its nickel business to MMG Limited for up to $500 million.
The internal restructuring consolidates control under AAI while keeping Anglo American’s overall ownership unchanged.
Anglo American plans to spin off De Beers by end of 2025, part of broader strategy to focus on high-growth commodities.
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
The bump in Oppenheimer’s wealth solidifies his position as one of Africa’s wealthiest billionaires.
Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.