Bloomberg reported that Anglo's De Beers invested $43.4 million on exploration for gems in 2010.
Articles Tagged "anglo"
Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.
Anglo-Australian miner Rio Tinto PLC has declared a cut in diamond output 20% as it tries to avoid the division swinging to a loss, its chief executive for copper and diamonds, Brett Clayton. For full story, click here
De Beers, the world’s leading diamond miner, which is 45pc-owned by Anglo American, closed most of its mines but the company did guide for an uptick in output in the second quarter as the Debswana mine in Botswana, which accounts for two-thirds of De Beers production, reopened in April. For full story, click here
According to Anglo American Plc., De Beers, the world’s leading diamond producer, slashed first-quarter output by 91 percent, as the world economic slump cut demand for luxury goods. For full story, click here
De Beers is to borrow $500 million from Anglo American and other shareholders as the global financial crisis cuts demand for the diamonds. For more information, click here
Mining Company Anglo Platinum to retrench 10000 Employees, For full story, click here