The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser
Brazil Mining News
Agreement is part of plan to double investment in the sector to $25bn in eight years.
Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.
A second vessel contracted to haul iron ore for Brazilian miner Vale SA was delayed for repairs following the loss of a similar ship that mysteriously sank en route to China leaving 22 people presumed dead.
Company called Pallinghurst Resources' bid “derisory”, adding it "clearly undervalues" the firm.
Iron ore's transformation from a relic of the industrial age to the driving force behind a commodity supercycle that reshaped the global economy.
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.
And why the worst may be over already.
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
Another gap down Monday brings one-month drop to 30%.
The company's Volta Grande project is posed to become the country's largest gold mine.
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
2016 highlights: a year of breakthroughs and setbacks
The Stellar Daisy, which set out from the a port in Brazil to China, last made contact on Friday. 22 out of the 24 crew members are still unaccounted for.
Iron ore price down 12% in two weeks – Rio Tinto says Chinese domestic reboot is "main source of uncertainty" for the market.
Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.
Vale said the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the 2015 deadly accident.
Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.
He joins a growing list of chairmen who are leaving some of the world's' top mining companies, including BHP Billiton and Anglo American.
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.