HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
Immersive Technologies has over 80% market share of the high fidelity training simulator in the mining industry with over 930 simulator modules deployed and has achieved quantifiable results to date in partnership with Anglo American's Los Bronces.
As the posters and trailers won’t let you forget, The 33 is based on a true story, and the story itself is a good one.
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
The move would help the miner meet its ambitious target for reducing its $13 billion debt by $3 billion before year-end.
Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.
Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.
Kal Tire’s Mining Tire Group officially opened today a new OTR tyre retread and repair facility near the port city of Antofagasta, in the heart of Chile’s mining industry.
The money is the first payment in a $3 billion aid plan authorized under a new funding mechanism, designed to avoid a slump in production.
Copper output at the world's largest copper mine slips 14% due to declining grades and despite record material mined.
A month after Anglo completed the sale of Mantos Blancos and Mantoverde copper mines in northern Chile, analysts are calling into question the firm’s chance to unload two other assets.
The world's No.1 copper miner will keep output targets and won't make major changes to its $25 billion investment plan.
Glencore's Cobar in New South Wales and Chile operation Lomas Bayas could fetch anything between $500m and $1 billion.
Copper price up nearly 5% as Collahuasi cuts and deadly Las Bambas protests highlight risk to global mine supply.
The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.
The companies said no damages have been registered at the mines, but operations were cancelled for safety reasons.
Copper retreated from the highest in almost two months on reports that Chile’s largest mines escaped damage from an 8.3-magnitude earthquake.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.
The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.
Yes, says this new report which forecasts a further 15% rise in the copper price by the end of the year.
Chief executive Nelson Pizarro warned Codelco is ready to “cut costs to the bones,” and revealed the layoff process has already started.
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