By Bloomberg Published May 15, 2024 The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is …
The theft case highlights the booming demand for copper after it surged past US$10,000 a tonne for the first time in two years, driven by tightening supply. Metal-looting is on …
The South African roots of British mining giant Anglo American, which on Monday rejected an improved takeover offer from its Australian rival BHP, could hinder any future bids. BHP’s offer, …
British mining giant Anglo American on Friday rejected a blockbuster $38.8 billion takeover bid from Australian rival BHP, slamming it as “highly unattractive” and “opportunistic”. The snub came one day …
Australian mining giant BHP confirmed on Thursday a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector. Both companies …
By Bloomberg Published Feb 9, 2024 Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in …
By Bloomberg Published Jan 15, 2024 De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to …
By Bloomberg Published Dec 18, 2023 The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a …
By Bloomberg Published Nov 13, 2023 De Beers plans to stockpile unsold diamonds after the world’s biggest producer responded to plunging prices by allowing its buyers to refuse to purchase …
By Bloomberg Published Nov 8, 2023 De Beers sold the least diamonds since halting sales altogether during the height of the global pandemic, as the industry struggles with weak demand …