Anglo Puts Brakes on Power Project
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"
De Beers Says Venetia Diamond Mine Output Will Normalize in 2nd Half
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.
Africa’s Hidden Zinc Potential
Zinc – Why is Africa the only inhabited continent in the world without a major zinc-producing nation?
Copper Lures Anglo American Back To Zambia After 11-Year Absence
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.
ENRC Warns Investors of Major Writedowns
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.
China, Fed News Pulls Copper to 2013 Low
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.
Anglo American Considers Partner for Flagship Iron Ore Project
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.
$50B Writedowns as M&A Continues to Haunt Mine CEOs
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.
De Beers Plans to Dig Angola Mine to Recoup $250M Expense
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 Reaches Highest Since October on Supply Concern
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.
