Anglo American Plc
Anglo American Plc
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Issues with development projects have seen Kumba, the Anglo American group’s South African iron ore producer, lower production guidance for its Sishen and Kolomela projects over the coming two years.
Despite an expected 7% increase to about 40Mdmt in FY2021, Kumba revised its production guidance for each of FY2022 and FY2023 is 39-41Mt, down from 41.5-42.5Mt previously. Its FY2024 forecast, posted for the first time, is 41-43Mt.
Global mining major Anglo American has appointed Duncan Wanblad to succeed Mark Cutifani as the company’s Chief Executive with effect from Anglo American's AGM on April 19, 2022.
He will also join the Anglo board as an executive director, also replacing Cutifani.
Chairman Stuart Chambers described Wanblad as having 30-years of international mining experience, a deep understanding of the company and its culture in both executive and non-executive roles spanning most of Anglo American's businesses.
Global miner AngloAmerican has had a successful June 2021 qtr (Q2 21) with increased diamonds, copper, platinum group metals, nickel and manganese production, but iron ore, metallurgical coal and thermal coal took hits.
Leading Australia-based mining contractor Macmahon has concluded contracts on 3 previously announced projects adding over $A1.35B to the company’s order book.
International mining major Anglo American has done a deal to sell its 33.3% of the Cerrejón thermal coal J/V in Colombia to Glencore for $US294M cash, the final stage of Anglo American's transition from thermal coal operations.
Global miner Anglo American has begun negotiations on a potential iron ore offtake agreement over all production from Magnum Mining’s 100%-owned Buena Vista advanced magnetite project in Nevada, USA.
Their 60-day exclusivity agreement and indicative term sheet proposes Anglo will advance up to $US16M in prepayment financing for Magnum's infrastructure and working capital. Anglo proposes to buy 560,000t up to 800,000t.
(ENVIRONMENTAL)
Shareholders who voted for Anglo American’s exit from the South African thermal coal business to help meet its low carbon targets have emerged with 100% of the shares in new coal miner Thungela Resources.
Anglo American has completed the demerger of its South African thermal coal business to new holding company Thungela Resources, which has been admitted to trading on the Johannesburg and London exchanges as a leading exporter with high-quality assets with low cash costs and high margins.
Thungela holds 90% of the thermal coal operations in South Africa, with the remaining 10% held by employee and community partnership plans.
Global miner Anglo American has formalised its agreement for up to $US22M funding to support early stage development works, exploration and assess further opportunities at explorer Anax Metals’ 80%-owned feasibility study-stage Whim Creek copper-zinc project in the West Australian central Pilbara. Anglo may also acquire up to 100% of Anax’s share of production from the project.
Anglo American has restarted underground mining at its Moranbah North coal mine in N Queensland, Australia, after it withdrew its workforce from the mine following a reading of elevated gases on Feb 20, Reuters reports.
Mining development activities at its Grosvenor mine, in central Queensland’s Bowen Basin, also resumed this week, as part of the mine’s staged restart of underground mining operations following an explosion in May 2020 that critically injured 5 workers.