Normal operations are expected to resume at Anglo American PLC and GlencoreXstrata PLC's Collahuasi copper mine in Chile later, hours after a major earthquake forced the company to evacuate its workers and shut down production.
Anglo American PLC said it secured two large sales agreements for iron ore produced from the $8.8 billion Brazilian Minas Rio project and confirmed it remains on course to start commercial production by the end of next year.
Globally diversified mining company Anglo American PLC said Thursday that it has made progress toward bolstering the company's profitability but said it expects to face headwinds next year as it continues to implement its turnaround plan.
“Mark, this Anglo American plc, it’s ours. It’s a South African company,” Minerals Minister Susan Shabangu reminded incoming Anglo American CEO Mark Cutifani at a Chamber of Mines of South Africa function in his honour.
World No. 3 copper mine Collahuasi, jointly owned by miners Anglo American Plc and Xstrata Plc, told Reuters on Wednesday a ship was ordered by the port to leave following the navy's tsunami alert warning.
The government of Botswana has decided not to exercise its pre-emptive right to raise its stake in De Beers, thereby clearing the way for Anglo American PLC to complete the purchase of a 40% stake in the world's largest rough-diamond producer for...
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