Anglo American Mining News

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

Anglo's top shareholder could reduce it to diamond-only miner

South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.

More bad news for copper price

Study shows the most efficient mines in top producer Chile now produce copper for less than $1 a pound after finding an additional 13% in savings this year.

Anglo reshuffles Kumba Iron Ore management ahead of sale

The company however is still debating whether to sell or spin off its majority stake in Kumba Iron Ore Ltd, Africa's top producer of the commodity.

China snaps up $4.5bn worth of overseas mining assets in just six months

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

De Beers Canada moves from Toronto to Calgary

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

The Blair Athol mine, closed in 2012, would be the second Australian coal asset in a year to be sold for just A$1.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

Key expansions at iconic Canadian diamond mines hit by setbacks

While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.

South African gold miners to appeal silicosis ruling

They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.

Brazil’s mining sector to recover lost ground as iron ore, metal prices stabilize

Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.

Glencore bids for Anglo American’s coal mines in Australia — report

Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.

Anglo American’s De Beers gets a new CEO

Current strategy director Bruce Cleaver will replace Philippe Mellier, who held the position for five years.

Production at giant Arctic diamond mine just weeks away

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 to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

De Beers moving out of historic London HQ

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.

Forget about ‘Los Bronces’; that mine is ours — Anglo to Codelco

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.

Anglo American sells majority stake in Australian coal mine

The sale of the Foxleigh mine is part of Anglo’s recently announced exit from coal, which is included in one of the sector’s biggest divestment schemes.

Largest ever blue diamond to be auctioned – Oppenheimer Blue

The largest ever blue diamond will go under Christie's hammer in May.

Anglo American CEO's pay fell 8% in 2015

The pain at Anglo American (LSE:AAL) has finally reached the corner office.

Production at giant Arctic diamond mine months away

De Beers joint venture in Canada's Northwest Territories, the world's largest diamond mine under development, now 87% complete.

Top 5 iron ore firms value shoots up $62bn in just five weeks

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.

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.