This post was originally published on this site.Cartier owner Richemont and US retailer Signet Jewelers are in talks to join a consortium bidding for De Beers, the diamond miner Anglo American (LON: AAL) values at about $1 billion. People familiar with the matter told Bloomberg and Reuters that the two companies are discussing joining Global Diamond Consortium, a group led by former De Beers CEO Gareth Penny. The talks are advanced, but there is no guarantee either company will join, the people said, asking not to be identified because the discussions are private. Their participation would give both the Swiss...

This post was originally published on this site.Shares in Antofagasta (LON: AAL) fell more than 6% on Thursday after the Chilean copper miner forecast weaker-than-expected production in 2027 and raised its cost guidance amid higher diesel prices. The London-listed company expects to produce between 630,000 and 690,000 tonnes of copper next year, below its original forecast of 650,000 to 700,000 tonnes. The outlook also fell short of BMO Capital Markets’ estimate of 703,000 tonnes. The guidance “implies no growth on the original guidance for 2026,” RBC analysts Ben Davis and David Monus wrote in a note to clients, despite improving...