Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.
Miner's belt tightening continues.
This is the first time mining engineers, geologists and other highly educated employees go on a strike at a privately owned mine in Chile.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
A federal judge has ruled in favour of the Pebble mine project, putting a temporary halt on the U.S. Environmental Protection Agency’s efforts to protect Bristol Bay.
Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.
The company's market share has dropped from about 80% in the late ‘80s to roughly 35% today.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.
Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.
The move is seen by analysts as an attempt to strengthen the firm’s image.
Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
The commodities trader and miner explored a stock-exchange listing Down Under.
The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.
U.S. federal court won't make a final decision until at least January 2, 2015.
Miner Anglo American said on Wednesday it won environmental regulatory approval to operate the slurry pipe at its Brazilian iron-ore project Minas Rio, a crucial step in meeting a deadline to enter production by the end of the year.
A GlenTinto is not as far-fetched as it sounds.
Up nearly 4% on Monday; rallying after weeks of intense selling.
Authorities say the firm violated 16 environmental rules at El Soldado copper mine, located about 130 km northwest of capital Santiago.
The open pit mine would produce 7 million tonnes of coal a year and contribute $33 million in annual royalties.
In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.
No signs of production slowdown in major coal-exporting countries.
Potential problems in the horizon for Seabridge Gold's proposed gold, copper, silver and molybdenum mine in northern British Columbia, just 30 km from the Alaska border.
Anglo's unit Kumba plans to almost double production by 2030.
The world's largest diamond miner by market value said it will adopt a more flexible sales approach.
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