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.
Anglo American PLC Mining News
It is improbable that a strike would have an impact on total exports.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Anglo American has obtained hundreds of permits to explore in the Brazilian states of Mato Grosso and Para.
The project at Collahuasi is one of the world's largest copper mines, with an estimated 2018 production of 545,000 tonnes.
Don’t listen to what miners say. Look at what they do.
Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.
For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal.
Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.
Although about half of South African output is estimated to be unprofitable, few companies are reducing production by a meaningful amount.
This is a rare move by De Beers, which is famous for requiring buyers to take what’s offered.
Miners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues.
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.
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%.
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.
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.
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, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper mines.
Anglo American Plc is moving towards a multibillion-dollar decision on building the world’s next major copper mine in Peru.
Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.
Anglo said there was leakage of a mixture of iron ore and water to a local watershed.
The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.