Published by Global Banking & Finance Review®
Posted on February 20, 2026
1 min readLast updated: April 3, 2026
Add as preferred source on GoogleAnglo American posted a $3.7bn loss after a $2.3bn impairment at De Beers. The miner cut its dividend to 0.23 cents and keeps offloading non-core assets while advancing its Teck Resources merger.
LONDON, Feb 20 (Reuters) - Anglo American posted a $3.7 billion loss on Friday after taking another writedown on its diamonds business, as the miner pushes ahead with plans to shed non-core assets and complete its merger with Teck Resources.
The company booked a $2.3 billion pre-tax impairment, mostly tied to its De Beers unit, and declared a dividend of 0.23 cents per share, or about $200 million. That was down from $0.64 a share, or $800 million, a year earlier.
(Reporting by Clara Denina. Editing by Mark Potter)
Anglo American reported a $3.7bn loss driven by a large De Beers writedown, cut its dividend, and is continuing asset disposals while advancing its merger with Teck Resources.
The company booked a $2.3bn pre-tax impairment, mostly tied to its De Beers diamond unit.
Anglo American declared a dividend of 0.23 cents per share, about $200m in total, down from $0.64 a year earlier.
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