Anglo American Rejects BHP's "Highly Unattractive" $39bn Bid
April 26, 24
Anglo American, parent company of De Beers, today (26 April) said it had rejected a "highly unattractive" $39bn all-share offer from rival miner BHP. The board unanimously decided to turn down the offer, saying it ... Read More...
De Beers Sell-Off? You Read it Here First
April 25, 24The prospect of an imminent De Beers sell-off was first raised by IDEX Online as long ago as last December, by Erez Rivlin, market analyst and mining consultant, writing in a guest Memo. He said Anglo American didn't ... Read More...
Anglo Already Talking to Possible Buyers for De Beers
April 25, 24Anglo American has already been talking to potential buyers for De Beers, according to a report by the Wall Street Journal. It says the UK-based mining conglomerate has spoken in recent weeks to luxury houses and Gulf ... Read More...
Stuller Launches First Lab Grown Catalog
April 25, 24Stuller, the US jewelry manufacturer, has launched its first lab-grown diamond jewelry catalog, further signaling the sector's growing prominence. Lab-Grown Diamond Jewelry 2024-2025 includes over 1,500 jewelry... Read More...
Anglo Takeover Bid Puts De Beers in Firing Line
April 25, 24Anglo American is facing a share-swap takeover bid from rival BHP that would almost certainly result in the sale of De Beers. BHP, the world's largest mining company by market capitalization, has made what Anglo describes... Read More...
Memo by John Jeffay
April 25At 3.56pm on 17 April 2023, an Air Canada flight from Zurich landed at Toronto's Pearson Airport, with a cargo that included 6,600 gold bars worth US$14.5m and US$1.8m in foreign banknotes. At 6.32pm ... Read More...