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.
Anglo American Mining News
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 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.
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.
Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
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.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
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.
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.