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Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

2 Dec 2016
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214.00c (+1.02%)
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Latest Key Developments (Source: Significant Developments)

S. Africa's PIC ups stake in Anglo American to 12.448 pct - regulatory filing
Friday, 13 May 2016 08:00am EDT 

Anglo American Plc :Public Investment Corporation SOC Ltd's stake in Anglo American at 12.448 percent as of May 12.  Full Article

Anglo American delivers first coal from Grosvenor asset
Thursday, 12 May 2016 03:03am EDT 

Anglo American Plc : Anglo American delivers first coal from Grosvenor . Has delivered its first coal from its underground longwall seven months ahead of schedule and more than $100 million below budget . Commissioning of its Grosvenor metallurgical coal longwall operation in Bowen Basin of Queensland, Australia .Anglo American expects Grosvenor to produce 3.2 million saleable tonnes in 2016.  Full Article

Anglo American PLC - Three injured in helicopter crash at Anglo mine in Chile - Reuters News
Tuesday, 12 Apr 2016 03:57am EDT 

Anglo American PLC:Three people were hurt in central Chile on Monday when a helicopter sent to rescue an injured contractor near Anglo American's Los Bronces mine crashed into the Andes Mountains, the global mining company said in a statement. - RTRS.Anglo American AAL.L added that it was coordinating a rescue for the downed crew and the injured contractor. Few details regarding the crew's condition were immediately available.  Full Article

Anglo American PLC - Workers at Colombia's Cerrejon coal mine vote in favor of strike - Reuters
Thursday, 3 Mar 2016 03:30pm EST 

Anglo American PLC:Union workers at Cerrejon, Colombia's largest coal mine, have voted in favor of a strike, the union said on Thursday, amid a dispute with the company over wages and benefits. - RTRS.The Sintracarbon union has 10 days to declare the start date for the strike, leader Jairo Quiroz said.Cerrejon is a joint venture between BHP Billiton, Anglo American Plc and Glencore Xstrata. It has been producing coal in Colombia since the mid-1980s under a concession that runs until 2033.  Full Article

Anglo American PLC - Workers at top Colombian coal mine to vote on possible strike - Reuters
Tuesday, 23 Feb 2016 12:24pm EST 

Anglo American PLC:Unionized workers at Colombia's biggest coal mine will start voting on Friday whether to strike or seek an arbitrated settlement for wage increases, the head of the Sintracarbon union said on Tuesday.A strike at the Cerrejon mine, which produces 32 million tonnes of coal per year, or 37 percent of Colombia's total output, would come at an inopportune time for the country, which is already suffering a commodity-related economic slowdown.Jairo Quiroz, head of the Sindicato de Trabajadores de la Industria del Carbon, known as Sintracarbon, told Reuters the 10-day vote comes after a 40-day period of direct negotiation came to an end without an agreement.The union, which represents 4,200 of the 10,000 workers at the mine, is ready to keep talking to the company to resolve the dispute and avoid a stoppage at the mine in La Guajira in northern Colombia, he said.The voting will end on March 3, with a starting date for any strike to be announced 10 days later.Cerrejon has offered a 6.77 percent pay increase, in line with last year's inflation rate, while workers want a 10.1 percent raise, Quiroz said. They also want improvements in education, health and housing as well as in other aspects of their contracts.Cerrejon is a joint venture between BHP Billiton, Anglo American Plc and Glencore Xstrata. It has been producing coal in Colombia since the mid-1980s under a concession that runs until 2033.  Full Article

Anglo American PLC - Chilean copper miners mount barricades to protest layoffs - EFE News Services
Tuesday, 16 Feb 2016 01:31pm EST 

Anglo American PLC:Workers at Chile's El Soldado copper mine, owned by global mining giant Anglo American plc., blocked access to the facility on Tuesday to protest planned layoffs. - EFE News Services.Last Friday, Anglo American released an optimization plan for the mine that envisions laying off at least 150 direct employees and contractors in a push to cut costs amid plunging commodities prices.Workers set up barricades early Tuesday on the road leading to the mining complex, while the firm's human resources staff negotiated with union leaders in pursuit of a solution.El Soldado, 132 kilometers northeast of Santiago, comprises an open-pit mine, ore-crushing plants and processing facilities.  Full Article

Anglo American PLC - De Beers to cut more than 300 jobs in South Africa - union - Reuters
Monday, 15 Feb 2016 10:53pm EST 

Anglo American PLC:Diamond mining giant De Beers Group plans to cut 366 jobs in South Africa, the Solidarity trade union said on Tuesday - RTRS.The Anglo American AAL.L unit will cut 152 jobs at its Venetia mine and a further 214 posts at its other mines in South Africa, the union said.  Full Article

Anglo American PLC - Job cuts to escalate in South African mines as global economy slows - Reuters
Monday, 15 Feb 2016 02:54am EST 

Anglo American PLC:Job losses in South Africa's mining sector are likely to accelerate with mining companies such as Glencore and Anglo American battling to cope with a global commodity price slump - RTRS.The government has warned that 32,000 workers in the sector could lose their jobs as metals prices fall due to slowing economic growth in China, the world's biggest metals consumer. Industry officials predict more than 50,000 job cuts.Companies in the industry, which employs about 500,000 people and contributes around 7 percent to South Africa's GDP, say they have little choice but to cut jobs and close struggling mines to cope.But with more than a quarter of the working population unemployed the job losses could trigger labour unrest and erode support for the ruling African National Congress (ANC) in local government polls expected after May.Roger Baxter, chief executive of the Chamber of Mines, which groups mining firms, said the industry shed around 47,000 jobs between 2012 and the first quarter of 2015.Anglo American Platinum , and Kumba Iron Ore have announced they will cut thousands of jobs in South Africa.Besides cutting jobs Lonmin LMI.L is closing shafts after issuing a rights issue to shore up its balance sheet. CEO Ben Magara has said he will not shy away from a takeover or merger.Miner and trader Glencore is also considering closing its Eland platinum mine in South Africa, putting just under 1,000 jobs there at risk.  Full Article

Anglo American PLC to lay off 10 pct of workers at Chile's El Soldado mine - Reuters
Friday, 12 Feb 2016 12:44pm EST 

Anglo American PLC:Global miner Anglo American said on Friday that it will lay off 10 percent of staff, equivalent to 150 workers, at its El Soldado copper mine in central Chile as a steep slide in metals prices forces it to cut costs - RTRS.Under the plan, Anglo sees El Soldado's plant production increasing and savings created through operational efficiencies. - RTRS.Anglo announced plans in December to whittle down its business to cope with severe falls in commodity prices. The plan involves offloading three-fifths of its assets - RTRS.  Full Article

Anglo American PLC - Grinding halted at Anglo's Los Bronces mine after pipe leak - Reuters
Sunday, 7 Feb 2016 07:23pm EST 

Anglo American PLC:Anglo American Plc said on Sunday it had halted grinding at its Los Bronces copper mine in Chile after detecting a leak in a pipe carrying ground ore mixed with water - RTRS.The leak was found on farmland outside the capital Santiago during a routine dawn inspection of the more than 50-km(31-mile)-long pipe, which connects the company's flagship mine with the Las Tortolas flotation plant - RTRS.Los Bronces produces roughly 7 percent of copper in Chile, the world's leading producer of the red metal. By late on Sunday, the company had not given further details about the state of operations. - RTRS.Anglo American said the pipe does not carry tailings from the mining process and that an investigation was underway - RTRS.Chile's environment regulator hit Anglo American with a $6.24 million fine in May and ordered the miner to shut one of its waste dumps at the Los Bronces mine, saying irreparable damage had been done to surrounding land. - RTRS.  Full Article


Anglo American to exit stake in South African miner Exxaro

British miner Anglo American Plc said on Wednesday it would sell its stake in South African diversified miner Exxaro Resources Ltd and use the proceeds to reduce debt.