27 October 2025
27 October 2025
Anglo American reportedly has valued De Beers at $4.9bn following $3.5bn in impairments over the last two years.
Over the next five years, the mine is expected to deliver between 275,000oz and 325,000oz of gold annually.
The transaction follows the approval of shareholders at the AGM on 22 Oct.
The Pico Machay project in Peru is a high-sulphidation gold deposit.
Harmony purchased all of MAC's securities at $12.25 (R211.6) per share, resulting in a total equity valuation of $1.01bn.
A location's comparative advantage is now less important than its strategic advantage, Economic Security Forum CEO Mikael Wigell argues.
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