Anglo American

Amplats axing over 400 jobs in South Africa

Cecilia Jamasmie | June 23, 2015
Amplats axes over 400 jobs in South Africa

Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.

Mick Davis outbid

Frik Els | June 17, 2015
Mick Davis bids for Anglo's Chile mines

X2 Resources still in race for Anglo's mines but "couldn't make the numbers work" for Barrick's Zaldivar with seven firms outbidding the $5 billion fund.

Platinum, palladium prices pounded again

Frik Els | June 17, 2015
Platinum, palladium prices pounded again

Palladium enters bear market and platinum hits fresh six-and-a-half year low on worries over Greek debt crisis.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

South32 mulls writing down stake in South African manganese venture

Cecilia Jamasmie | June 9, 2015
South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Seven diamond miners form group to fight synthetics

Cecilia Jamasmie | May 29, 2015
Seven diamond miners form group to fight synthetics

But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Anglo fined $6.2m for environmental breaches at Los Bronces mine in Chile

Cecilia Jamasmie | May 5, 2015
Anglo fined $3.8bn for environmental breaches at Los Bronces mine in Chile

The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.

Rio Tinto ready to resume hunt for mining deals — report

Cecilia Jamasmie | May 1, 2015
Rio Tinto ready to resume hunt for mining deals — report

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Cecilia Jamasmie | April 13, 2015
Move over Codelco: Freeport plans to be the world’s No.1 copper miner

But China’s slowdown, rising costs and falling prices may get in the way.

World’s largest copper producer Chile slashes 2015 output forecast

Cecilia Jamasmie | April 7, 2015
World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Anglo American drops Peru copper project

Cecilia Jamasmie | April 1, 2015
Anglo American drops Peru copper project

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

De Beers making it harder for diamond dealers to join supply chain

Cecilia Jamasmie | March 30, 2015
De Beers making it harder for diamond dealers to join supply chain

The move seeks to direct gems to the most financially sound purchasers and make the business more transparent.

Big oil worse than big miners in overspending

Andrew Topf | March 29, 2015
oil_sands_dollar_derrick

A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.

Will a dry spell in Chile curb a global oversupply of copper?

Cecilia Jamasmie | February 25, 2015
Chile’s dry spell to weigh on global copper oversupply

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

Anglo American's big write-down

Michael Allan McCrae | February 13, 2015
minas rio anglo american write down brazil

Minas Rio.

Amplats Q4 production drops by 17 pct after strike

Reuters | January 28, 2015

Anglo American Platinum's production fell by 17% in the fourth quarter compared with a year ago due to a strike at its South African operation.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Anglo hit by platinum, iron ore units lower earnings outlooks

Cecilia Jamasmie | January 23, 2015
Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Former Anglo American executive accused of $9.8 million fraud

Cecilia Jamasmie | January 16, 2015
Former Anglo American executive accused of fraud

The miner is now accusing him of 'misappropriating' $9.8 million, more than twice as much as previously thought.

South Africa Commodity Stocks Fall Most Since ’08 as Metals Drop

Bloomberg | January 14, 2015

South African commodity stocks fell the most in more than six years, with Anglo American (AGL) Plc leading declines, as global metal prices slumped.

Anglo American tries again: submits plan to expand coal mine in Australia

Cecilia Jamasmie | January 5, 2015
AMEBC pleased with federal budget

Revised plan plan will see the company mine 75 million tonnes over 17 years instead of 97 million tonnes over 20 years.

BHP, Rio, Anglo fear effects of Chile’s new labour bill

Cecilia Jamasmie | December 23, 2014
BHP, Rio, Anglo fear effects of Chile’s new labour bill

The new law could seek to limit mining companies' ability to replace workers during strikes.

More »