Platinum – The Wall Street Journal reported that Mark Cutifani, chief executive of Anglo American plc (LSE:AAL), said that his company does not plan to sell or spin off its diamond and platinum businesses, at least in the next couple of years.
Articles Tagged "anglo american plc"
Iron – London South East reports that Anglo American (LSE:AAL) has completed the sale of its Amapa iron ore operation in Brazil to Zamin Ferrous Limited.
Diamond – Bloomberg reported that Namibia has said it won't reduce the tax rate of Namdeb Diamond Corp., which is 50-percent owned by Anglo American plc (LSE:AAL) and 50-percent owned by the Namibian government. The company had hoped the rate would be cut to 37.5 percent.
Gold – Markets have become jittery over the impending deadline on, once again, raising the US debt ceiling, and that could be bullish for gold.
Nickel – Mineweb reported that Anglo American plc (LSE:AAL) anticipates that it will produce 20,000 to 25,000 tonnes of nickel in Brazil this year.
Gold – Anglo American will no longer pursue the Pebble project in Alaska with Northern Dynasty Minerals, and has written off its $300-million investment.
The Alternative Investment Market in London was up September 13 to 780.12 points, a rise of 0.36 points since the previous session.
Iron – Anglo American (LSE:AAL), through its subsidiary Anglo Ferrous Minas-Rio Mineracao SA, said it has started constructing its Minas-Rio iron ore mine in Brazil.
Diamond – Bloomberg reported that as the Indian and Japanese currencies depreciate, De Beers is counting on jewelry demand from the United States in the second half of 2013. The company is "cautiously optimistic" about demand for polished diamonds.
Nickel – Altius Minerals Corp. (TSX:ALS) announced that it has entered a joint venture with Anglo American plc (LSE:AAL) regarding its Labrador, Canada-based Natashquan nickel-copper-cobalt-platinum-palladium.