Anglo American Mining News

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.

Anglo American ordered to halt Brazil ops again after leak

A document by Brazilian environmental watchdog Ibama seen by Reuters said Anglo American would only be allowed to resume operations once it demonstrates the pipeline's security.

South Africa black ownership to roll out in May

Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.

De Beers, Mountain Province go after Kennady Diamonds to expand joint Canadian mine

The partners in Canada's Gahcho Kué mine, Mountain Province, said the planned acquisition opens up some potential new options for the operation’s future.

S.Africa gold miners' silicosis lawsuit settlement expected within six weeks

The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.

Anglo American concludes sale of three coal mines in South Africa

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

De Beers diamond output to peak this year thanks to Gahcho Kue

The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.

De Beers on exploration spree as secures South Africa licences

The Anglo American unit is also said to be eying exploration licences in Zimbabwe and Congo.

Pile-of-cash dilemma for mining industry once crippled by slump

With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.

Brazilian prosecutors say Anglo’s sale of Amapa iron ore shady

They also claim miner offloaded the asset to avoid paying for environmental damage caused by an accident at its floating dock, which killed six people and dragged vehicles, equipment and large amounts of iron ore into the Amazon River.

Anglo American exits South African coal with sale of New Largo mine

Last year, the miner sold other coal assets that exclusively supplied South Africa’s power utility Eskom, including New Vaal, New Denmark and Kriel collieries.

Anglo's Brazil iron ore expansion a go

Anglo American's Minas Rio iron ore mine in Minas Gerais state has nameplate capacity of 26.5m tonnes per year.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Anglo expects expansion licence for Minas Rio in Brazil by Friday

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.