Business & Finance – 24 Hour Diamond News: Latest Diamond Industry Headlines & Education https://24hourdiamondnews.com Learn About Diamonds with 24/7 Diamond News Updates Wed, 15 May 2024 12:16:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://i0.wp.com/24hourdiamondnews.com/wp-content/uploads/2023/05/cropped-image-1.png?fit=32%2C11&ssl=1 Business & Finance – 24 Hour Diamond News: Latest Diamond Industry Headlines & Education https://24hourdiamondnews.com 32 32 92253527 Anglo American Ditching Diamonds for Copper in Major Restructuring https://24hourdiamondnews.com/anglo-american-ditching-diamonds-for-copper-in-major-restructuring/business-finance/ https://24hourdiamondnews.com/anglo-american-ditching-diamonds-for-copper-in-major-restructuring/business-finance/#respond Wed, 15 May 2024 12:16:16 +0000 https://24hourdiamondnews.com/?p=3737 In a dramatic shift, Anglo American Plc announced a significant restructuring plan on Tuesday.

The move aims to both fight off a takeover bid and position the company for the future.

Facing a £34 billion ($43 billion) unsolicited offer from rival BHP Group, Anglo American is shedding its diamond, platinum, and coal assets. This includes potentially selling its iconic De Beers diamond business and its Anglo American Platinum unit in South Africa. Coking coal mines in Australia will also be divested.

These departures will leave a streamlined company laser-focused on iron ore and copper. Copper, in particular, is seen as a critical metal for the ongoing energy transition. By prioritizing copper, Anglo American positions itself to capitalize on the growing demand for renewable energy infrastructure.

The restructuring doesn’t stop there. Anglo American is also hitting the brakes on its giant fertilizer project in England. This project has been a point of contention with investors who have been urging the company to focus on more profitable ventures.

While the fertilizer project isn’t getting scrapped entirely, spending will be significantly reduced. This frees up resources to be directed towards Anglo American’s new core focus: becoming a copper giant.

The company’s decision comes amid BHP Group’s aggressive takeover attempt. Anglo American has already rejected two such offers, deeming them inadequate. This restructuring seems to be a two-pronged attack: resisting the BHP takeover while simultaneously making itself a more attractive company in the long run.

Only time will tell if Anglo American’s gamble pays off. Shedding its historic diamond business and other established holdings is a bold move. But if copper prices continue to rise and the company successfully positions itself as a leader in the copper market, this transformation could propel Anglo American towards a bright future.

]]> https://24hourdiamondnews.com/anglo-american-ditching-diamonds-for-copper-in-major-restructuring/business-finance/feed/ 0 3737 How to apply for a Diamond Licence? https://24hourdiamondnews.com/how-to-apply-for-a-diamond-licence/business-finance/ https://24hourdiamondnews.com/how-to-apply-for-a-diamond-licence/business-finance/#comments Thu, 31 Oct 2019 12:43:17 +0000 https://24hourdiamondnews.com/?p=5 Apply for a Diamond Licence?

Diamond Licence application, Need help, or have a question? to complete the application and compile the business plan, contact Evan Roberts on WhatsApp +27739990999 or e-mail us today

How to Apply for a Diamond Licence in South Africa

  1. Download the application form (DD) below from the SOUTH AFRICAN DIAMOND AND PRECIOUS METALS REGULATOR

    Application Form Diamond Dealers Licence

  2. Completing the application for the Diamond Dealers Licence

    Complete the form in block letters and in black pen.
    Where options are given mark the appropriate block.
    Complete the form in English and do not use abbreviations.
    only a signed original hard copy is acceptable.

  3. Documents to submit with the application

    Ensure that all the required documentation accompanies the application below;
    1/Proof of Business Premises
    2/Proposed Business Plan, Inclusive of BEE
    3/Company Registration Forms
    4/Copy of Resolution. If acting in a representative capacity
    5/Police Clearance Certificates
    6/Copy of I.D Document
    7/Tax Clearance Certificate
    8/ Shareholders Agreement
    9/Proof of Adequate Financial Ability
    10/Proof of Technical Ability; For a certificate course visit Diamond Education.

Diamond Licence Copy of I.D Document Tax Clearance Certificate Proof of Adequate Financial Ability Proof of Technical Ability; For a certificate course visit Diamond Education for Diamond Licence

  1. Submitting the application

    The application must be submitted to the operational business premises of the Regulator situated at 251 Fox Street, Johannesburg, 2001, South Africa

  2. Process

    SADPMR will only start processing applications once all the above requirements have been met.

  3. Licence Application help
  4. Licence Application Fee payable to SADPMR

    For a dealers licence R 5 000.00
    R5 000.00 per nominated authorized representative as prescribed.

  5. Validity

    Five Years (5)

  6. Need help to complete the application and compile the business plan, contact Evan on WhatsApp +27739990999 or e-mail us today

Licence applications now open for 2024/2025

]]> https://24hourdiamondnews.com/how-to-apply-for-a-diamond-licence/business-finance/feed/ 23 5