Anglo American’s diamond and copper units had a tough 2019
The globally diversified resources company hits its full-year production targets and analysts flag strong earnings despite headwinds
23 January 2020 - 12:51
Anglo American had a particularly tough year in its diamond business, with weak demand and low prices the hallmark of 2019.
Anglo, a multinational, diversified resources company, noted that rough diamond sales at its 85% owned De Beers fell by 8% during the year to 31-million carats, while prices dropped to an average of $137 (almost R2,000) per carat from $171...
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