Anglo American Posts $3 Billion Loss

Anglo writes down De Beers, pressing on with business overhaul
Anglo American posted an annual loss of $3.1 billion on Thursday after taking an impairment of $3.8 billion, mostly due to its ailing diamond unit, as it races to restructure into a major copper producer following a bruising takeover battle with BHP last year.
Anglo American posts loss after hit from diamond operations
Troubled miner Anglo American on Thursday posted a full-year loss of $3.1bn after a large impairment related to its De Beers diamond operation as it continued restructuring plans to focus on copper and iron ore.
Hefty De Beers write-down takes Anglo into headline loss
A $2.9BN write-down of De Beers took parent company Anglo American into a $3.1bn headline earnings loss for the 12 months ended December. Anglo CEO Duncan Wanblad said in a media call on Thursday that the 85%-owned diamond company was now carried on Anglo’s books at $4bn post the impairment.
Anglo American swings to 2024 loss on huge write-downs, but shares up
Anglo American reported revenue of USD27.29 billion in 2024, down 11% from USD30.65 billion. As a result, underlying earnings before interest, taxes, depreciation and amortisation fell 15% to USD8.46 billion from USD9.96 billion.
Anglo posts $3.1 billion loss, dragged down by diamonds
Anglo American posted a $3.1 billion loss on Thursday, dragged lower by a De Beers diamond unit writedown, and pared its dividend, while the market welcomed its progress towards asset sales and reduced debt.
Anglo American Posts $3 Billion Loss After Large De Beers Impairment
The diversified miner posted a worse loss than expected as it booked billions of dollars worth of impairments.
Anglo American lays out plans to list platinum arm in Johannesburg and London
Anglo American has said it is pressing ahead with the demerger of Anglo American Platinum, targeting a June separation. The ...
Anglo American on track to complete Amplats demerger by June 2025
Anglo American is expecting to wrap up the demerger of its platinum producing unit, Anglo American Platinum (Amplats), by ...
Anglo Platinum pays $856 million top up cash dividend before spinoff
Anglo American Platinum said on Monday it will pay an additional $856 million cash dividend ahead of its planned spinoff into ...
Anglo American to get $600mn dividend boost ahead of demerger of platinum arm
Anglo American Platinum is to pay its parent a $600mn dividend ahead of its planned demerger in June, the company announced ...
australianmining.com.au2d
Anglo American sets timeline for demerger
Anglo American has announced progress on its demerger of Anglo American Platinum, with plans to complete the separation by ...
Anglo American outlines June timeline for Platinum demerger
Anglo American said on Monday that it has made significant progress on its demerger of Anglo American Platinum Limited.
Amplats Makes Extra Payout of $852 Million Before Anglo Exit
Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($852 million) in preparation for an ...