Anglo American

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

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.

Anglo American struggling to meet targets, mulls coal assets sale

Cecilia Jamasmie | December 9, 2014
Anglo American struggling to meet targets, mulls coal assets sale

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.

Anglo American drops Peru copper project

Frik Els | December 5, 2014
Anglo American drops Peru copper project

Miner's belt tightening continues.

Anglo American’s Los Bronces mine in Chile hit by strike

Cecilia Jamasmie | November 28, 2014
Anglo American’s Los Bronces mine in Chile hit by strike

This is the first time mining engineers, geologists and other highly educated employees go on a strike at a privately owned mine in Chile.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

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.

Alaska’s Pebble mine scores win after court orders EPA to back off

Cecilia Jamasmie | November 25, 2014
Alaska’s Pebble mine scores win after court orders EPA to back off

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, Mick Davis among suitors of Anglo American mines in Chile

Reuters | November 14, 2014
Former Xstrata CEO Davis gets a $1bn injection for new venture

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.

De Beers market share set to pick up on Canadian mine opening

Cecilia Jamasmie | November 4, 2014
De Beers market share set to pick up on Canadian mine opening

The company's market share has dropped from about 80% in the late ‘80s to roughly 35% today.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

Former Anglo’s senior exec. said to have taken $3.5 million from firm

Cecilia Jamasmie | October 28, 2014
Former Anglo’s senior exec. said to have taken $3.5 million from firm

Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Cecilia Jamasmie | October 27, 2014
Anglo American ships first iron ore from Brazilian Minas-Rio project

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Analyst: Glasenberg could grab Rio by way of China

The move is seen by analysts as an attempt to strengthen the firm’s image.

Horse breeders win coal mine expansion fight against Anglo American

Cecilia Jamasmie | October 22, 2014
Horse breeders win coal mine expansion fight against Anglo

Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.

Chile’s copper exports down 21% in August

Cecilia Jamasmie | October 16, 2014
Chile’s copper exports down 21% in August

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

Glencore considered Australia listing: report

Cecilia Jamasmie | October 9, 2014
Glencore considered Australia listing: report

The commodities trader and miner explored a stock-exchange listing Down Under.

Anglo American to start mining at massive iron ore project in Brazil

Cecilia Jamasmie | October 1, 2014
Anglo American to start mining at massive iron ore project in Brazil

The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.

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