Anglo American Mining News

Trump trade war blows up big week for mining majors

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.

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

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%.

Brazilian President changes decades-old mining laws to lure investment, protect environment

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.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Miners creep through legal minefield as Brazilian scales tip

Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.

From chopping block to 'core,' Anglo fires up met coal engine

Anglo American Plc is set to boost metallurgical coal capacity at a mine complex in Australia by 25 percent.

Mountain Province finds 95-carat diamond in Canada’s far north

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.

Copper king's gender push rings hollow with all-male board

Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.

Anglo close to selling part of stake in giant Peruvian copper project

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.

Anglo American to spin off unit to encourage platinum demand

The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

Alrosa to acquire one of the world’s largest diamond polishing firms

Russia's Kristall cuts around 300,000 carats annually and generates revenue of around $200 million.

S. Africa gold miners, workers reach settlement in historic silicosis case

The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

S.Africa gold miners to sign silicosis lawsuit settlement this week

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.

One asset leads South African miner’s growth in Q1-2018

Kumba Iron Ore reported a 4 per cent increase in overall production in the first quarter that ended March 31, 2018.

Anglo delays Minas Rio restart until year-end, will lose about $400 million

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.

Peru expects $20.8 billion in mining investments

Only in 2019, Lima expects to receive $2.9 billion in mining investments.

BHP beats Tesla, BMW among top holdings in new electric vehicle ETF

New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.

New Responsible Mining Index highlights gaps in industry transparency and execution of policies

One of the main findings from the report disclosed transparency as the greatest factor keeping companies from maximizing their score.

After setbacks, Anglo American counting on turnaround for Minas-Rio mine

Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.

Anglo gives 30-day leave to workers at suspended Brazil iron ore mine

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.

Quellaveco copper mine in Peru could be reactivated

There are signs that the stalled $5 billion project could be reactivated.

Brazil state fines Anglo American $37.73 million over pipeline leak

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.

Canadian junior joins 'staking rush' in Brazil

Altamira Gold is mimicking big players' strategies in the Juruena Belt.