De Beers has invested in a synthetic diamond factory in the U.S. state of Oregon, which should produce more than half a million rough carats a year in 2020.
Anglo American Mining News
No degree of financial performance is worth a life.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.
The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
Some of the mining world’s top executives are starting to plan their departures.
Company sources say Cutifani is happy to stay beyond his 2020 mandate and that shareholders are not against the idea, but they added that Duncan Wanblad, promoted early this month to group director of strategy and business development, is regarded as a potential successor.
Production of the red metal, the agency says, could reach a record of 7.25 million tonnes as early as 2025.
Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.
Ore grades and efficient processing increase output in the world's top producer of the red metal.
The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.
Don’t listen to what miners say. Look at what they do.
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.
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.