A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
Anglo American Mining News
Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.
The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.
Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent.
The white octahedron of "top clarity" is the largest gem quality diamond and fourth largest stone ever recovered at the company's Gahcho Kué mine, located in Canada’s Northwest Territories.
Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.
Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.
The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018.
Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.
Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.
The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .
Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.
Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.
Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
Only in 2019, Lima expects to receive $2.9 billion in mining investments.
New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.
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.