De Beers Moves Auctions HQ to Botswana
April 28, 24
De Beers is moving its auctions headquarters from Singapore to Botswana in a move designed to streamline its operations and cut costs. The UK-based miner sells around 10 per cent of its rough, by value, via online... Read More...
TAGS Sells 20 Specials for $17m
April 28, 24Trans Atlantic Gem Sales (TAGS) sold a selection of 20 specials (+10.8-cts) for just under $17m. All lots were sold at its third tender in association with Sodiam, Angola's state-owned diamond company, achieving... Read More...
Anglo American Rejects BHP's "Highly Unattractive" $39bn Bid
April 26, 24Anglo 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...
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...