Anglo has been forced to accelerate its restructuring after successfully holding off a bid from BHP, the world’s biggest miner.
The companies formed Évolys Québec to manufacture a renewable metallurgical biocarbon product to reduce carbon emissions in large-scale industrial processes.
Abra is drilling to expand its Diablillos project with a focus on the high-grade Jack deposit,
Teck is seen as a logical merger partner, in particular for Anglo American or Vale SA’s base-metals business.
2 Comments
The Observer
W.A. benefitted little from the boom, but London and world shareholders continue to get 36% profits on their investments, whilst W.A. Contractors were forced to accept 36% pay cuts, and accept 90day payment waits which bankrupted them. The goverment allowed this to happen, now everyones out of work, and unemployment is faked at under 6% but 2/3rds of contractors are “Casual” and entitled to nothing, and not shown in the true unemployment figures of over 18%. Happy days, indeed.
Frederick Michael Stanford
Thanks for preparing this, this was very interesting and well delivered.