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...
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...