Anglo American PLC Mining News and Commentary

Pebble Mine would damage water, fish habitat: EPA

Andrew Topf | May 18, 2012

A report released today by the US EPA does not paint a favourable picture of the proposed Pebble Mine in Alaska.

Up to 8 bidders eyeing Ivanhoe Australia gold/copper mine stakes

Mineweb | May 15, 2012

Two sources with knowledge of the matter say second-round bids are due later this month, with preliminary interest seen from Anglo American, OZ Minerals, Vedanta Group and Aditya Birla Group.
Chilean court denies Codelco bid to freeze Anglo American's dividends

Cecilia Jamasmie | April 25, 2012

Diversified miner Anglo American Plc. (LON:AAL) announced today the 14th Civil Court of Santiago has rejected state copper giant Codelco's latest petition to freeze 49% of the dividends paid by the Sur Division of the London-based miner.
Anglo American sells South African Scaw Metals Group for $430 million

Cecilia Jamasmie | April 24, 2012

Diversified miner Anglo American Plc. (LON:AAL), announced today it has sold the South African Scaw Metals Group business for $430 million to a group of partners, on a move to refocus on its core mining business.
Obstructions to Anglo American Minas-Rio iron ore project keep on coming

Cecilia Jamasmie | April 20, 2012

Anglo American’s CEO, Cynthia Carroll, said yesterday the company faces further disruption to its US$6 billion Minas-Rio iron ore operation in Brazil, although it hopes to resume construction at the site.
British government urges Anglo American and Codelco to reach amicable resolution

Cecilia Jamasmie | April 19, 2012

Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.
Anglo American and Xstrata among four companies accused of environmental violations in Australia

Cecilia Jamasmie | April 16, 2012

Anglo American (LON:AAL) and Xstrata (LON:XTA) coal mines are among the four operations being investigated over probable environmental violations, after they were accused of discharging contaminated water into the Fitzroy River, located in the North East state of Queensland, Australia.
Anglo American faces new obstructions to Minas Rio

Cecilia Jamasmie | April 16, 2012

Anglo American has halted preliminary work for installation of a power line at its Minas Rio iron ore project in Brazil, following a judge's decision to suspend the installation license for the line.
Anglo American to pump $2 billion into Brazil iron project this year

Cecilia Jamasmie | April 11, 2012

Anglo American Plc (LON:AAL) will spend over US$ 2 billion this year at its Minas-Rio 5.8-billion ton iron ore project in Brazil, the world’s second-largest exporter of the steel-making ingredient.
Anglo American opens $517m colliery in S. Africa

Andrew Topf | March 29, 2012

UK-headquartered Anglo American (LON:AAL) cut the ribbon today on a new coal mine in South Africa.
Investors give miners another kicking after China manufacturing shrinks

Frik Els | March 22, 2012

None of mining's top companies escaped the carnage on Thursday after a survey of manufacturing in China showed activity slowed for a fifth straight month.
Anglo looking for new coal assets

Business Report | March 20, 2012

Anglo American is looking for thermal coal assets in Australia and Indonesia, especially as prices of potential targets have come down, the head of its thermal coal unit said in an interview.
Codelco’s battle with Anglo American worsens, threating Anglo’s business

Cecilia Jamasmie | March 15, 2012

Chilean copper giant Codelco is preparing new legal actions in its dispute with Anglo American (LSE:AAL) as the company is not satisfied with the documents submitted Wednesday to a civil court by the London-based company.
Anglo dulls prospects as it doubles down on diamonds

Vancouver Sun | March 14, 2012

Anglo American Plc’s $5.1 US billion plan to almost double its diamond business and platinum mines that are missing targets risk killing its allure as a takeover candidate for a merged Glencore International Plc-Xstrata Plc.
EU Commission gives Anglo American the green light for De Beers takeover

Cecilia Jamasmie | March 7, 2012

Anglo American (LON:AAL) can officially take over De Beers as the European Commission granted the global miner authorization to proceed with its acquisition of the world's biggest diamond company, announced in November.
Advisory warns investors of risks of proposed copper and gold mine in Alaska

Social Funds | February 25, 2012

Citing community opposition, unprecedented infrastructure requirements, and environmental risks, Earthworks questions whether the mine, located in the Bristol Bay area, will ever be built.
Anglo American reports solid 2011 profits thanks to coal and diamonds

Cecilia Jamasmie | February 17, 2012

London-based giant miner Anglo American PLC (LON:AAL) announced today record $13.3-billion 2011 earnings, a 23% increase in underlying earnings a share and a 14% increase in annual operating profits to $11.1 billion.
Anglo American/Codelco secret talks fiasco could extend legal battle up to five years

Cecilia Jamasmie | February 14, 2012

After over two months of futile negotiations behind closed doors between Chile's state-owned copper giant Codelco and global miner Anglo American, a resolution of the dispute that have seen both parties sunk in a legal battle seems far off, said Codelco's CEO Diego Hernandez to a local daily.
Codelco forced to disclose Mitsui loan contract

Cecilia Jamasmie | February 8, 2012

A Chilean civil court ordered world's largest copper producer Codelco to publish the agreement for a financing deal of up $6.75 billion with Japan's Mitsui & Co. (TYO:8031), reports the online version of local newspaper El Mercurio.
Anglo defends itself against 'criminal accusation' as mud flies in fight with Codelco

Frik Els | January 26, 2012

Anglo-American in its increasingly acrimonious fight with Codelco on Thursday had to defend itself against what it termed "the criminal accusation" made by the president of the Federation of Copper Workers in Chile who sits on the Chile’s state-owned copper giant board.
Codelco will spend $5 billion in 2012, Chile court hands it minor victory over Anglo

MINING.com News | January 13, 2012

Bloomberg reports Chile's state-owned firm Codelco, the world's largest copper producer, plans to invest $5 billion in 2012 on capital projects, more than twice the $2.3 billion it allocated last year. Also on Friday a Santiago court blocked Anglos from selling any more shares in its Sur subsidiary while it battles Codelco over an option to acquire 49% of its Chile operations.
Codelco now seeks 'forced enforcement' of Sur option, compensation from 'erratic' Anglos

Frik Els | January 10, 2012

Chile’s state-owned copper giant on Tuesday turned the screws further on Anglo-American in its bitter fight over a 49% stake in Anglo-American Sur, one of the world's richest copper deposits.
Anglo American shareholders back De Beers deal

Channel Africa | January 7, 2012

Shareholders in Anglo American voted to approve the global miner's $5.1 billion acquisition of an additional 40 percent stake in De Beers, bringing the company closer to sealing control of one of the world's biggest diamond firms.
Chile’s Codelco files documents to exercise US$6 billion Anglo option

Cecilia Jamasmie | January 2, 2012

Chile's state copper company Codelco, the world's top producer, announced today that it has used its rights to exercise its disputed option to buy a 49 percent stake in global miner Anglo American's southern Chilean properties.
Anglo American and Codelco meet in court

Cecilia Jamasmie | December 29, 2011

Formerly called “The Disputed One,” Anglo American’s Los Bronces mine located northeast of Santiago, Chile, is living up to its name. The operation, which is expected to become the world's fifth-biggest copper mine, is at the heart of the ongoing legal dispute between the London-based global miner and Chile’s Codelco, the world’s largest copper producer.
Anglo American OKs $1.7 billion Queensland project to triple its Australia met coal output

Frik Els | December 6, 2011

Anglo American said on Tuesday its board had approved the $1.7 billion Grosvenor metallurgical coal project in Queensland, Australia, which is expected to produce five million tonnes per year over a projected life of 26 years. The London-based diversified miner said it plans to triple production of met coal in Australia over the next 8 years.