Anglo American Mining News

De Beers, Namibia to spend $468m on world’s first custom-built diamond searching ship

The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.

Top miners saw positive FY2018

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

Norway's KLP fund cuts coal exposure

Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.

INFOGRAPHIC: Metals and minerals used in renewable power generation

Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.

Agarwal votes against Anglo American board appointment

Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.

Chile´s Collahuasi copper mine expects to match 2018 record output this year – CEO

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Anglo vows to quit Los Bronces $3B expansion if it affects nearby glaciers

The area around Los Bronces copper mine hosts 30% of Chile's copper resources and 10% of the world's.

Investor sentiment in diamond mining stocks makes for a contrarian play

Natural diamond supply is estimated to come off this year and continue to incrementally decline through at least 2021, which should be supportive of diamond prices and thus miners.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.

Jewelers must disclose whether diamonds are mined or synthetic — FTC

The Diamond Producers Association, which represents mining companies like De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies distinguish between diamonds that are mined and those that are made in laboratories.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

Anglo American floats solar farm on tailings at Los Bronces

This pilot project is expected to generate 150 MWh/year from 256 photovoltaic cells.

Anglo American hands land to South Africans amid expropriation push

The world’s top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, northwest of Johannesburg. That almost doubles the area it has given to communities to 473 hectares since 2014.

Floating solar panels to boost efficiency at Chilean copper mine

The newly installed panels at the Los Bronces copper mine have the capacity to produce 86 kilowatts.

Botswana sees lower mineral revenues in 2019

Retail jewellery sales fell during the last quarter of 2018, while polished prices continued to decline into the beginning of 2019.

Never a bad day at the office for Anglo American execs

The diversified miner's CEO Mark Cutifani earned $72,000 per day last year.

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.

Anglo American restarts Australian coal operations after worker fatality

The miner said it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday.

De Beers says lab-grown diamond wholesale prices fall by up to 60%

De Beers has invested in a synthetic diamond factory in the U.S. state of Oregon, which should produce more than half a million rough carats a year in 2020.

Anglo American core profit beats, on journey to 'zero harm'

No degree of financial performance is worth a life.

How South African mines cope with power cuts

The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.

Buybacks and bumper profits on the cards as mining giants report

Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.

Anglo American lays off 180 workers at Chile copper mine

The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.