
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.
The mining giant led by Duncan Wanblad is offering 17.5 million shares—equivalent to a 6.6 percent stake in Johannesburg-listed Amplats—at $30.1 per share.
The sale includes a previously announced deal to sell its stake in the Jellinbah coal mine for $1.1 billion.
Zashvin is strengthening its position in Queensland’s coal sector by acquiring Anglo American’s minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines.
His total salary package as the new CEO is expected to be significantly higher.