Anglo American Tag

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,...

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...