Anglo American Plc
Anglo American Plc
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Diversified miner Anglo American says it will end its investment in deep sea mining company Nautilus Minerals, Reuters reports.
Anglo spokesman James Wyatt-Tilby has confirmed the company is exiting its 4% stake in Toronto-listed Nautilus as part of its portfolio prioritization. Nautilus is exploring offshore Papua New Guinea and Australia.
(LITIGATION) Six leading South African gold miners have committed to comprehensive compensation payouts for mineworkers suffering silicosis and/or tuberculosis from working in dusty gold mine environments.
South African miners Harmony Gold, African Rainbow, Anglo American SA, AngloGold Ashanti, Gold Fields and Sibanye-Stillwater have agreed to pay up to ZAR500,000 in compensation for former mine workers suffering the lung diseases silicosis and turberculosis.
The companies have previously estimated their combined costs of the settlement will be about ZAR5B.
The settlement comes after 3 years of negotiations with lawyers representing the claimants in a class action.
Full year 2018 (FY/CY18) iron ore production from diverse global miner Anglo Americans’ Minas-Rio mine in Brazil has been slashed to 3Mt from 13Mt-15Mt, reflecting just production delivered to date.
Minas-Rio Mar qtr 2018 (Q1 18) production plunged 23% on Q4 17 to 3.05Mt, due to the mine’s suspension on Mar 12, 2018, following 2 iron ore slurry pipeline leaks, with the company not expecting any material production for the rest of the year.
The Minas-Rio iron ore mine double pipeline failure sees it out of the Anglo American game for the rest of 2018, not expected to add to Q1 18’s 3Mt
Brazil’s environmental regulator Ibama has fined diversified international miner Anglo American $US21.1M for 2 leaks in the pipeline transporting iron ore from its Minas Rio mine to port in Rio de Janeiro state.
Anglo American says it could take 90 days to complete a high-tech inspection of the 529km pipeline carrying an iron ore slurry from its Minas-Rio mine in Brazil's Minas Gerais state to Açu port in Rio de Janeiro state.
The inspection has been ordered after a small leak on March 29. It was the second leak from the pipeline this month.
Operations at the high-grade iron ore mine will be suspended until the inspection is complete.
Two minor leaks in a slurry pipeline within 17 days have resulted in the closure of Anglo American's Minas-Rio iron ore mine for a full safety investigation that could take 90 days to complete.
Anglo American has been ordered by Brazil's environmental chiefs to halt its operations in the country following a leak in a pipeline transporting an iron ore concentrate and water mixture from its Conceição do Mato Dentro mine to an export terminal in Rio de Janeiro state.
The global miner reported the pipeline failure nearly 3 weeks ago, when it halted mine operations while it investigated and repaired the fault.
Major global contractor CIMIC’s mining services arm Thiess has announced $A1.04B worth of contract wins so far this month.