Anglo calls for “timely receipt” of permits for Chile copper JV
ANGLO American said today it had finalised an agreement with Chile’s Codelco for the joint development of the Los Bronces and Andina mines. The partners said their joint…
Chile clears Codelco-Anglo copper mine venture
CHILE’S antitrust regulator has approved the joint mining plan between state copper producer Codelco and Anglo American at the Andina-Los Bronces project in the Andes mountains…
Anglo Teck tipped for rerating as deal logic emerges
FULL marks for Duncan Wanblad’s powers of restraint. In an interview with Miningmx he could not be tempted into sounding a triumphant note notwithstanding the advent of Anglo…
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three years – amid a decline in average prices…
Anglo finalises copper JV with Chile’s Codelco
ANGLO American and Chile’s Codelco announced today they had reached a final agreement for the joint development of their mines Los Bronces and Andina. The partners said their…
Anglo questions motives behind Kabwe lead poisoning case
ANGLO American has hit back at a damages claim related to alleged lead poisoning at the Kabwe copper mine in Zambia during the Seventies, saying it couldn’t be held responsible.…
Anglo American confident of full-year targets despite weak Q1 production
ANGLO American’s copper, iron ore, manganese, platinum group metals (PGMs) and diamonds businesses all posted flat or lower quarter-on-quarter output in the three months to…
Anglo agrees joint plan with Codelco for copper mines
ANGLO American today announced plans for a joint mine plan with Codelco in Chile that will see the partners produce 2.7 million tons of additional copper over 21 years from 2030.…
Anglo’s Wanblad hints at more diamond production cuts
Further reductions in diamond output from De Beers could be on the cards as market conditions remain depressed despite the three million carat chop in production already…
De Beers chops its production forecast for 2024 as the diamond market fails to recover as expected
De Beers has chopped its rough diamond production forecast for 2024 by about 10% dropping it to between 26m and 29m carats from the previous estimate of 29m to 32m carats.…
Anglo update was downbeat with copper cuts, diamond losses
DE BEERS would be lossmaking during the second half of the 2023 financial year ended December 31 after closing its two final cycles with cumulative sales of only $180m. “We face…
Copper and iron ore deliver for Anglo American in the March quarter but not platinum
IRON ore and copper delivered for Anglo American in the March quarter during which the group increased overall production by 9% but was let down by poor performances at Anglo…
Anglo American awarded environmental permit for expansion of the Los Bronces copper mine
ANGLO American has been granted approval by the Chilean Committee of Ministers over its environmental permit application to go ahead with the next phase of development of the…
Anglo inks MoU with Europe’s largest copper supplier aimed at boosting metal’s provenance
ANGLO American has signed a memorandum of understanding with Aurubis AG, Europe’s largest copper supplier aimed at improving provenance of the metal. Mining firms are…
Anglo to source nearly half of Los Bronces water from desalination plant
ANGLO American has secured desalinated water supply for its Los Bronces copper mine in Chile from 2025, the group said today. This is following the signing of an agreement with…
Transnet-type supply disruption the “new normal” for miners, says Anglo CEO
SUPPLY disruption as seen in the underperformance of mineral deliveries from South Africa was “the new normal”, the Financial Mail quoted Anglo American CEO Duncan Wanblad as…
Anglo revises Quellaveco copper output for 2022 as commercial production begins
ANGLO American said it had started commercial production of copper from Quellaveco, its newly commissioned Peru project held in joint venture with Mitsubishi. However, the…
Does ESG contain the seeds of its own destruction?
TALK about a pickle. Mining companies worldwide are in a new scramble, and it is one aimed at green metals or ‘critical minerals’. These include copper, cobalt, nickel and…
Rejection of Anglo’s Chile copper project is a sign the operating environment is getting tougher
ANGLO American said Chilean authorities had formally rejected the environmental permit application for the extension of the firm’s Los Bronces copper mine – although the group…
SA has opened the door to international mining with companies tax cut, says Anglo
THE cut in corporate taxes announced by South Africa’s National Budget on Thursday was applauded by outgoing Anglo American CEO Mark Cutifani who described it as “a real flag…