Anglo American Mining News

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

De Beers moving out of historic London HQ

The famous De Beers office at Charterhouse St., adjacent to the Hatton Garden diamond district, is one of the assets Anglo is considering to sell to cut its debt burden.

Forget about ‘Los Bronces’; that mine is ours — Anglo to Codelco

Codelco is facing mounting internal pressure to acquire Anglo's stake in Los Bronces mine, in which the Chilean miner already has a 29.5% interest.

Largest ever blue diamond to be auctioned – Oppenheimer Blue

The largest ever blue diamond will go under Christie's hammer in May.

Anglo American CEO's pay fell 8% in 2015

The pain at Anglo American (LSE:AAL) has finally reached the corner office.

Production at giant Arctic diamond mine months away

De Beers joint venture in Canada's Northwest Territories, the world's largest diamond mine under development, now 87% complete.

Top 5 iron ore firms value shoots up $62bn in just five weeks

Riding a rocketing iron ore price, market cap of Vale, Rio Tinto, BHP Billiton, Fortescue Metals and Anglo American gain a combined 54% since early February.

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

Copper prices plummet on China worries, oil collapse

The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

Fitch junks Anglo overhaul on South Africa fears

Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.

Anglo American debt down to junk, outlook negative

Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".

Leakage at Anglo American’s Los Bronces mine forces firm to halt grinding

Firms says the affected pipe only carries ground ore mixed with water.

UK scientists develop new method to find copper deposits

Technique likely to become an inexpensive way to uncover rich copper deposits.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Russia’s Alrosa quarterly sales up 45%

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

De Beers lowers diamond prices to boost sales

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

This is what a mining, metals market meltdown looks like

Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.