Anglo American Mining News

Kumba becomes the sole owner of Sishen mine

South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.

Anglo Platinum sells resources to Northam Platinum for $72 million

The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.

De Beers latest diamonds sale the lowest this year

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

US coal legend Ernie Thrasher close to bagging Anglo mines

Thrasher's Xcoal and private equity firm Apollo said to be in exclusive talks to buy Anglo American's mines in Queensland amid coking coal price surge.

South African gold miners can appeal silicosis ruling

They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.

One of world’s largest, newest diamond mines is now open

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.

Strike ends at Anglo American Los Bronces mine in Chile

Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

Los Bronces miners down tools

Miners at one of Chile's largest copper operations walked off the job on Friday morning after rejecting the majority-owner's final offer in collective wage talks.

World’s largest, newest diamond mine to inject $5.2bn into Canada’s economy

Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.

Anglo's top shareholder to call vote on assets sale plan

South Africa's Public Investment Corporation (PIC), which owns 14.5% of Anglo, believes the mining giant may not realize the full value of its assets.

Australian fund takes over Anglo American’s Foxleigh coal mine

The sale is part of Anglo’s plan to exit coal as well as the miner's divestment scheme aimed to raise between $3bn and $4bn by year-end.

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.