Anglo American PLC Mining News

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Small group of Prodeco's Colombia coal port workers to vote on strike

It is improbable that a strike would have an impact on total exports.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Anglo American betting on South America to grow base metal assets

Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.

Chile's Collahuasi aims to extend output at copper mine with $3.2B project

The project at Collahuasi is one of the world's largest copper mines, with an estimated 2018 production of 545,000 tonnes.

Miners are budgeting for a recovery in copper

Don’t listen to what miners say. Look at what they do.

Anti-mine stance eases in second-largest copper producer

Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

Anglo American to increase copper production in Chile

The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.

The real cash cow in mining isn't metals. It's bad old coal

For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal.

Coal reaching $100 a ton in Europe boosts greener alternatives

Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.

Top platinum mines keep digging even as price at decade low

Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.

De Beers will allow buyers to reject cheap diamonds

This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.

Miners set to spend $11B in search of the next jackpot

Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Anglo close to selling part of stake in giant Peruvian copper project

Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Agarwal offers Anglo help in tapping India's 1.3 billion people

The mining tycoon wasn’t explicit about whether he wanted to assist Anglo with increasing sales to India or to start operating mines there.

Collahuasi says to slash costs to under $1/lb in 2018

Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper mines.

Anglo looks past turmoil toward its next big copper bet in Peru

Anglo American Plc is moving towards a multibillion-dollar decision on building the world’s next major copper mine in Peru.

Anglo says cleaning up mining will earn it billions in profit

Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.

Anglo American halts output at Brazil ore unit after duct failure

Anglo said there was leakage of a mixture of iron ore and water to a local watershed.

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.