Aurizon's 4 major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton , Glencore , Anglo American and Peabody Energy.
Anglo American Mining News
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.
Anglo American mines platinum, coal, diamonds and iron ore in South Africa.
The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.
Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.
The processing plant has been under consideration since at least 2014.
The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.
Glencore's copper production rose to 1,063,100 tonnes from the start of this year and cobalt output jumped 8,700 tonnes to 28,500 tonnes.
De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.
While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.
The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.
Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.
Vale on top.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
The move makes the company the first mining major to request exploration permits in the country since President João Lourenço vowed to open up the sector and encourage foreign investment.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed’s life.
Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo-American.
30-year reserve life.
Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time.
The president of Peru’s National Society of Mining, Petroleum, and Energy said the project will create 9,000 jobs during its construction phase and additional 2,500 once it goes into production.
The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.
Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.