Tag: Anglo AMerican

Anglo American starts Quellaveco copper project
Global

Anglo American starts Quellaveco copper project

Anglo American plc said that its Board has approved the development of the world-class Quellaveco copper project in Peru. Mark Cutifani, Chief Executive of Anglo American, commented: “Quellaveco is one of the world’s largest and most attractive undeveloped copper orebodies. We expect Quellaveco to generate a real, post tax IRR […]

Anglo American profit fell by 9% in Q2
Energy

Anglo American profit fell by 9% in Q2

One of the world’s largest mining corporation, Anglo American said it realized a net profit of $1.2 billion for the second quarter of the year. The result represents 9% year on year fall in profit. Mark Cutifani, Chief Executive of Anglo American, said: “We have delivered another strong performance during […]

Anglo American sells Eskom-linked coal mines
Global JSE SENS

Anglo American sells Eskom-linked coal mines

Anglo American plc has confirmed the completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa to Seriti. The company said in a statement that the consideration payable for the Operations as at 1 January 2017 is ZAR2.3 billion (approximately US$164 million). Mark Cutifani, Chief Executive […]

Anglo American closes sale of Chrome, Union Mine
JSE SENS

Anglo American closes sale of Chrome, Union Mine

The world’s largest platinum producer, Anglo American Platinum said it has concluded the sale of its 85% interest in Union Mine and its 50.1% interest in MASA Chrome Company Proprietary Limited. These companies are owned by the group’s wholly owned subsidiary Rustenburg Platinum Mines Limited to a subsidiary of Siyanda […]