Diamond News

Anglo American to Ditch Diamonds and Platinum

Anglo American to Ditch Diamonds and Platinum

The Diamond Loupe
English
09:34

Anglo American to Ditch Diamonds and Platinum

Anglo American Plc is implementing strategic changes to unlock shareholder value and enhance returns. This includes exiting diamond, platinum, and coal mining operations, marking one of the most significant shake-ups in the company's 107-year history.

Key to this plan is the demerger or sale of its De Beers diamond business, alongside separating its Anglo American Platinum unit and divesting coking coal mines in Australia. Additionally, spending on a fertilizer mine project in England will be scaled back.

Finance and Trade