The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
Anglo American Mining News
South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.
Study shows the most efficient mines in top producer Chile now produce copper for less than $1 a pound after finding an additional 13% in savings this year.
The company however is still debating whether to sell or spin off its majority stake in Kumba Iron Ore Ltd, Africa's top producer of the commodity.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.
The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.
The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.
If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.
They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.
Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.
Gahcho Kué, the world's largest new diamond mine under development, is now 94% complete with first production planned for the second half of this year.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.
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.
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.
The sale of the Foxleigh mine is part of Anglo’s recently announced exit from coal, which is included in one of the sector’s biggest divestment schemes.
The largest ever blue diamond will go under Christie's hammer in May.
The pain at Anglo American (LSE:AAL) has finally reached the corner office.
De Beers joint venture in Canada's Northwest Territories, the world's largest diamond mine under development, now 87% complete.
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.
The Switzerland-based mining and energy giant lost $5 billion in 2015.