Industry News

April 10, 2018

Debswana, the joint venture between the Botswana government and Anglo American’s De Beers unit, intends to expand its Jwaneng Mine extending its lifespan by eleven years, to 2035, to extract an additional 50 million carats.

Botswana is the world’s biggest diam...

July 20, 2017

De Beers' rough diamond production for Q2 2017 increased 36 per cent to 8.7 million carats, which is in line with the higher production forecast for 2017 and reflects stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada to name...

June 8, 2017

Anglo American, the parent company of De Beers, has appointed industry outsider Stuart Chambers as chairman, the company announced Wednesday.

Chambers is a former chairman of UK-based technology group ARM Holdings and consumer-packaging firm Rexam, and has also served...

March 18, 2017

Shares in Anglo American rose 9 percent on Thursday after Indian billionaire Anil Agarwal announced his intention to invest $2.45 billion (GBP 2 billion) in the mining conglomerate.

The investment would be made through Volcan Investments, Agarwal’s holding company, wh...

March 12, 2017

By Paul Zimnisky

As the diamond industry marks its foray into 2017, Q1 demand for rough has been stronger relative to Q4 2016 and also relative to a year ago. Christmas season 2016, albeit mediocre, and a strong 2017 Chinese New year has driven seasonal restocking deman...

February 17, 2017

Anglo American, which owns 85 percent of De Beers, has announced that chairman Sir John Parker will step down this year.

Parker, who has been chairman for eight years, will continue in the role until the company concludes its search for a replacement, the miner said t...

October 25, 2016

Anglo American Corp, the 85% owner of De Beers, reported diamond production of 6.3 million carats for the third quarter of 2016, a 4% increase on the year-earlier quarter.

Production was reduced in the third quarter of 2015 in response to soft demand.

For the year to dat...

July 28, 2016

Anglo American has released first half year report for the first six months of the 2016 fiscal year, which showed that its diamond mining company De Beers’ profit was $585 million.

In a video explaining the De Beers’ results, newly installed CEO Bruce Cleaver added that...

May 19, 2016

Mining group Anglo American (AAL.L) has retained De Beers as a prize asset after a radical overhaul in the belief that surging Chinese and Indian demand for diamonds will outstrip dwindling supply even after a 2015 crunch.

 

The group, in which Anglo American has an 85 p...

February 18, 2016

On Wednesday another ratings agency downgraded Anglo American's credit to junk status. Fitch Ratings follows Moody’s rating and also believe the outlook for the company is negative.

 

Yesterday the London-listed miner said it’s exiting the coal sector by selling its rema...

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