Anglo American Mining News

UK scientists develop new method to find copper deposits

Technique likely to become an inexpensive way to uncover rich copper deposits.

Happy day for miners: shares up by levels not seen since 2008

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.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Russia’s Alrosa quarterly sales up 45%

Rough diamonds sales rose to 7.1 million carats in October through December. This compares with 4.9 million carats of sales in the third quarter.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

De Beers lowers diamond prices to boost sales

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

This is what a mining, metals market meltdown looks like

Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.

China rings in 2016 with a stock market crash

Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.

Dominion Diamond shareholders revolt, call for changes

Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.

Former Aussie coal magnate Nathan Tinkler buys Anglo American mine

The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.

Anglo American sells NSW coal mine for US$36 million

Earlier this month, Anglo announced a "radical" restructuring program.

De Beers closing another diamond mine, this time in Botswana

Debswana, a 50/50 joint venture between De Beers and the government of Botswana, is set to close its Damtshaa mine and scale down production at Orapa.

Diamond miners likely to cut prices further in 2016 to lift demand — Moody's

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

Anglo American set to announce dividend cut next week

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

De Beers considering Snap Lake closure

Mine in Canadian arctic has never turned a profit.

De Beers' Kimberley Mines sold to Petra Diamonds, Ekapa Mining for $7.2m

The sale marks the end of De Beers' century-long diamond mining history in South Africa.

Mining majors capitulate as metals rout continues

World's five largest mining companies together have lost an astonishing $570 billion in market value since 2011–the worst period of performance since 1966.

Anglo American Utilizing Immersive Technologies’ Managed Services to Improve Performance at Los Bronces Mine

Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.

These two record-breaking diamonds were bought for $77 million, by the same person

Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.

This interactive timeline will teach you all about diamond mining

It all began about 900 million years ago.