Coal – Mining Weekly reported that a power project that was being facilitated by Anglo American has been deferred, in light of the recent downturn in the platinum sector
Articles Tagged "Anglo American"
Diamond – Mining Weekly reported that Anglo American’s De Beers said production at the Venetia Diamond mine in South Africa will return to normal in the second half of this year. The $2.27B mine’s production has been affected by heavy rainfall.
Zinc – Why is Africa the only inhabited continent in the world without a major zinc-producing nation?
Copper – Bloomberg reported that Anglo American has returned to Zambia seeking copper after a 11-year absence, a sign that producers are looking to extend their global reach to take advantage of rising prices.
Platinum – Reuters reported that Kazakh miner ENRC has warned its investors of “significant” writedowns and said minority stakes such as its 13.5% interest in Northam Platinum will be affected.
Copper – This week, copper yielded all the gains it has made this year, weighed down by concerns about a proposed Chinese property tax and signals that the Fed's asset purchases may come to an end.
Iron – Reuters reported that Anglo American plc (LSE:AAL) is considering partnering up with another company to run its flagship Minas Rio iron ore project, which is located in Brazil. The project is currently struggling after being hit with delays and cost overruns.
Nickel – Bloomberg reported that the world’s biggest steel and mining companies such as Anglo American, Vale SA, and Rio Tinto have wiped about $50 billion off their property valuations in 2012 and other companies have followed suit, including Glencore International Plc and BHP Billiton, which may write down some of their nickel assets.
Diamond – Bloomberg reported that the world’s biggest diamond producer, De Beers, said it is very confident that it will find a substantial gem deposit in a concession near Lucapa in the Lunda North province, in Angola.
Platinum – Reuters reported that platinum hit a 3-month high on Monday and is in close proximity with gold, as the possibility of supply outages in South Africa triggered a buying frenzy.