New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.
Anglo American Mining News
One of the main findings from the report disclosed transparency as the greatest factor keeping companies from maximizing their score.
Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.
The company halted production and transport operations for 90 days at the Minas-Rio mine to comply with a request by authorities that it inspects a pipeline that has leaked twice.
There are signs that the stalled $5 billion project could be reactivated.
The leak in the pipeline, which carries slurry to a port in Rio de Janeiro state, occurred on March 12 and forced the miner to suspend operations until March 27.
Altamira Gold is mimicking big players' strategies in the Juruena Belt.
A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.
The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.
The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.
The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.
They also claim miner offloaded the asset to avoid paying for environmental damage caused by an accident at its floating dock, which killed six people and dragged vehicles, equipment and large amounts of iron ore into the Amazon River.
Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.
Anglo American's Minas Rio iron ore mine in Minas Gerais state has nameplate capacity of 26.5m tonnes per year.
The company beat expectations on Thursday with a 5% increase in 2017 production.
Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.
Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.