Anglo American PLC (AAL.L)
21 Feb 2017
* Element Six synthetic unit suffered from lower oil, gas demand
SYDNEY Mining giant BHP Billiton rewarded shareholders with a bigger than expected payout on Tuesday, reflecting a growing confidence across the sector as rising commodity prices delivered a cash windfall. | Video
LONDON (Reuters Breakingviews) - Mining's traumatic downturn is still fresh in the memories of BHP Billiton and Anglo American, despite their improved performance in 2016. Rising commodities prices and aggressive cost-cutting helped both companies to boost earnings and cut debt. But another investment splurge or borrowing binge is unlikely. Financial prudence remains the priority.
SANTIAGO, Feb 17 Anglo American PLC will temporarily suspend operations at its El Soldado copper mine in Chile after failing to receive regulatory approval for a redesign that would have helped keep output flowing, the company said on Friday.
CAPE TOWN, Feb 6 Technological improvements have boosted productivity by 40 percent over the last three years and a further 40 percent can be delivered by 2020, Anglo American Chief Executive Mark Cutifani said on Monday.
VANCOUVER Teck Resources has held talks with fellow miner Anglo American Plc about sharing port infrastructure at their neighboring copper mines in Chile, Teck's chief executive officer said on Monday, arguing for more industry partnerships.
VANCOUVER, Jan 23 Teck Resources has held talks with fellow miner Anglo American Plc about sharing port infrastructure at their neighboring copper mines in Chile, Teck's chief executive officer said on Monday, arguing for more industry partnerships.
SINGAPORE Anglo American Plc , which broke with tradition when it set up a focused commercial unit, sees modest improvements ahead after an early boost to profits, as it gets closer to clients, even offering shelter from volatile markets with fixed-price contracts.
VANCOUVER A small Canadian miner is confident Donald Trump's U.S. presidential win will let it proceed with an application for a copper and gold mine in Alaska that has been stalled almost three years by environmental regulators aiming to protect the world's biggest sockeye salmon fishery.
An environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor diamond mine in northern Ontario.