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...
Anglo American has announced it will separate its South African coal assets into a new business later this year, amid growing calls to ditch the polluting commodity from its ESG-focused investor base. The demerged company, named Thungela Resources, will list on the Johannesburg and London stock...
Kumba Iron Ore has announced plans to spend US$246 million extending the life of its giant Sishen open pit operation in South Africa’s Northern Cape province. Anglo American’s South African iron ore unit will continue to mine at the Sishen operation until 2040, thanks to additional...
Anglo American has announced it will contribute US$30 million towards the global roll-out of COVID-19 vaccines across its operational footprint. The diversified miner, which operates in jurisdictions including Canada, Brazil, South Africa, India, China and Australia, plans to support the procurement of vaccines by host governments...
A new report from energy research company GlobalData has found that mining projects advancing to the next stage of development declined in the first quarter of the year as the world faced up to the COVID-19 (coronavirus) outbreak. The report found that the share of projects...
Copper producers around the world have moved to halt or cut back operations and slow construction projects of the bellwether metal as the global COVID-19 (coronavirus) outbreak continues. In South America, where the bulk of the world’s copper is produced, several mining giants have announced various...
Anglo American has signed a 15-year contract worth US$190 million with Atlas Renewable Energy that will see the latter supply solar energy to the former’s iron ore mining operations in Brazil. The Latin American renewable energy company will supply electricity to the mining giant’s operations through...
Anglo American is set to complete the takeover of struggling UK potash miner Sirius Minerals after its £405 million rescue deal was approved by a majority of Sirius’ shareholders last night. Following a lengthy shareholder meeting in London, Anglo’s bid was approved by 80.28% of the...
Anglo American has reported a 4% rise in total production for the final quarter of 2019, despite a severe drought in Chile pulling back copper production in the last three months of the year. Output from its flagship Los Bronces mine plummeted by 28%, which pulled...
Anglo American has confirmed it is in advanced discussions with London-listed miner Sirius Minerals after proposing a takeover offer valuing the struggling company at about £386 million (US$507 million). The 5.5p per share cash bid comes in at 34% above Sirius’ current share price, which has...