London-listed exploration play Arc Minerals has secured a joint venture (JV) arrangement with Anglo American that will see the major take majority control of the junior’s copper-cobalt licences in Zambia. Anglo will invest up to US$88.5 million, including a cash consideration of up to $14.5 million,...
A Chilean environmental regulator has recommended that Anglo American’s Los Bronces copper project not be granted an extension permit, the global miner revealed over the weekend. In a statement, Anglo said Chile’s Environmental Assessment Service (SEA) had issued the recommendation to prohibit the US$3.3 billion expansion project,...
Anglo American has pointed to COVID-19 and weather-related disruptions at its operations around the world, after reporting a disappointing production performance in the first quarter of the year. The diversified mining giant is the latest London-listed outfit to publish a weaker-than-expected start to the year, with...
Chile’s state-run copper giant Codelco is preparing to offer the market some ‘non-core’ exploration assets, according to its vice president of mining resources and development, Patricio Vergara. Speaking at the CRU-CESCO World Copper Conference in Santiago yesterday, Vergara said the privatised assets could become eventual partnerships,...
After two years of COVID-related disruption and a series of virtual-only conferences, Mines and Money returned to London today for its first in-person event since the pandemic landed in early 2020. Not to be deterred by fears surrounding the new Omicron variant, over 1,000 delegates flocked...
Duncan Wanblad has been chosen as the new chief executive of Anglo American, replacing Mark Cutifani who is stepping down after nine years at the helm of the FTSE 100 mining group. The 54-year old South African has spent his whole career at the company and...
A group of the world’s biggest mining companies have committed to a goal of net-zero direct and indirect carbon emissions by 2050 or sooner, the International Council on Mining and Metals (ICMM) said. The ICMM’s membership, which is comprised of 28 members that account for one...
Anglo American will return a whopping US$4.1 billion to shareholders after making its best ever half-year profit haul, thanks to rising commodity prices and increased global economic activity. The diversified global miner reported pre-tax profits of $10.1 billion for the six months to June, up from $1.7 billion in the same period last...
Anglo American chief executive Mark Cutifani yesterday told the audience at this year’s virtual CIM convention that the world cannot survive without the contribution of mining to every aspect of modern life. In a galvanising speech during the opening plenary of the annual Canadian mining event,...
Anglo American has sealed a pledge it made two years ago to run 100% of its South American mining assets on renewable energy, after announcing a deal for its Quellaveco copper operation in Peru. The diversified miner has already agreed to source all of its power...