If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.
Anglo American Mining News
While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.
They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.
Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.
Gahcho Kué, the world's largest new diamond mine under development, is now 94% complete with first production planned for the second half of this year.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.
The famous De Beers office at Charterhouse St., adjacent to the Hatton Garden diamond district, is one of the assets Anglo is considering to sell to cut its debt burden.
Codelco is facing mounting internal pressure to acquire Anglo's stake in Los Bronces mine, in which the Chilean miner already has a 29.5% interest.
The sale of the Foxleigh mine is part of Anglo’s recently announced exit from coal, which is included in one of the sector’s biggest divestment schemes.
The largest ever blue diamond will go under Christie's hammer in May.
The pain at Anglo American (LSE:AAL) has finally reached the corner office.
De Beers joint venture in Canada's Northwest Territories, the world's largest diamond mine under development, now 87% complete.
Riding a rocketing iron ore price, market cap of Vale, Rio Tinto, BHP Billiton, Fortescue Metals and Anglo American gain a combined 54% since early February.
The Switzerland-based mining and energy giant lost $5 billion in 2015.
Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.
The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.
The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.
Ratings agency worries about exposure of much-diminished mining company to Africa; after restructure responsible for 54% of earnings.
Moody's worried about company's bulk portfolio, especially iron ore, while its radical restructuring "faces high execution risk".
Firms says the affected pipe only carries ground ore mixed with water.
Technique likely to become an inexpensive way to uncover rich copper deposits.
The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.