Diamond – Reuters reported that according to Francisco Queiroz, Angola's geology and mines minister, the country plans to approve a new concession that will allow major miner De Beers to explore for diamonds.
Articles Tagged "anglo american plc"
Copper – Today, three-month copper on the London Metal Exchange rose 1.4 percent, or $91.90, to trade at $6,564 per tonne. Meanwhile, copper for May delivery on the COMEX in New York increased by 1.8 percent, or $0.053, hitting $2.9985 per pound.
Platinum – Mining Weekly reported that Liberum Capital has downgraded Anglo American plc (LSE:AAL) to a "sell" rating on expectations that striking at Anglo American Platinum Ltd.'s (OTCMKTS:AGPPY) South African operations is set to accelerate.
Iron – Reuters reported that yesterday, Norman Mbazima, chief executive of Kumba Iron Ore Ltd. (OTCMKTS:KIROY), a unit of Anglo American plc (LSE:AAL), said he expects the company to be granted a "key mining license" for the expansion of its South Africa-based Sishen mine during the first half of 2014.
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.
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.