Kumba seals China iron ore deal
Anglo American’s Kumba Iron Ore has agreed a year-long supply deal with China’s state-backed iron ore buyer, China Mineral Resources Group (CMRG), Bloomberg reports. The…
Anglo concludes $157.5m iron ore deal with Vale
ANGLO American said on Tuesday it had completed a deal incorporating the Serpentina iron ore deposit into its Minas Rio iron ore mine in Brazil. Duncan Wanblad, CEO of Anglo,…
Is this the end of the mining house?
At his zenith as CEO of Anglo American, in 2019, Mark Cutifani described the group in new terms. It was a ‘materials solutions provider’, he said. The notion of Anglo as a miner…
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.…
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…
De Beers stands out as the exception to a rough start for the year at Anglo American
Anglo American experienced tougher-than-expected operating conditions in the quarter to end-March which have resulted in reductions in production guidance for the group’s output…