The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.
Brazil Mining News
Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.
The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices.
A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.
The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.
Cabral Gold Inc.'s Cuiu Cuiu gold project sits on what was once the territory of migrating miners who came during the Brazilian gold rush of 1978-1995.
The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.
They are seeking to obtain 30 more days to finish details of the plan.
Shares of the company rose over 2 percent on Tuesday on the outlook for stronger steel demand, driven by a growing recovery in Brazil's auto industry.
Minas-Rio is Anglo American’s biggest development project, and its bet on the future of iron ore.
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.
The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.
A diamond drilling campaign is about to start at the Salobro Zinc Project.
The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.
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.
Altamira Gold is mimicking big players' strategies in the Juruena Belt.
It said the leak of non-hazardous iron ore slurry was stopped within eight minutes and caused no disruption to local water supply.
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.
The U.S.-based online activist network launched a campaign to gather signatures to oppose the construction of the Volta Grande project.
The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.
Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.
The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.
The share sale may be worth up to $2.4 billion if BNDESPar, the investment arm of state development bank BNDES, also sells part of its Vale stake.
It could take up to 90 days to make determinations.
Mining is a dirty business, but Anglo American Plc Chief Executive Officer Mark Cutifani says it doesn’t have to be.