Anglo American Tag

Rio Tinto and several of its large diversified rivals managed to further increase profit margins and cash flows during the 2018 financial year, according to a recent Fitch Solutions report. The report outlined how improved financial performances were a result of miners streamlining their operations, cutting...

Anglo American and Rio Tinto have become founding donors to the World Bank’s Climate-Smart Mining initiative – the first ever fund dedicated to making mining a more sustainable practice. The World Bank said the facility will focus on helping resource-rich developing countries benefit from increasing global...

Anglo American has reported a 6% year-on-year production rise for the second quarter of 2018, driven by higher copper and metallurgical coal output. Copper production increased by 12% to 158,000 tonnes, driven by higher grades, while coking coal soared by 33% to 5.3 million tonnes, but...

Anglo American has released positive third quarter results including an increase in production guidance for its Kumba Iron Ore subsidiary. The world’s fifth-largest miner has lifted Kumba’s production guidance by an additional 1 million tonnes (Mt) to between 42-44Mt for 2017. The overall rise is based on...

Anglo American’s diamond division De Beers launched the world’s biggest diamond exploration ship off the coast of Namibia seeking to consolidate high production levels until 2035. The 12,000 tonne, US$157 million SS Nujoma will enable Debmarine Namibia, a 50/50 joint venture between Nambia’s government and De...