Latest Updates Around The World
Anglo American (LSE:AAL,OTCQX:NGLOY) has cut the value of its diamond business at De Beers by $2.3 billion, halving the unit’s book value and pushing the FTSE 100 miner to an annual loss of $3.7 billion as a prolonged slump in the global diamond market deepens. After previous charges of $2.6 billion in 2023 and $2.9 […]
More than three decades after diamonds transformed Canada’s Northwest Territories (NWT) into a global mining powerhouse, the industry that once defined the region’s modern economy is facing a painful reckoning. While governments and investors have focused on critical minerals and battery metals in recent years, the NWT’s diamond mines have struggled with falling prices, laboratory […]
