Anglo American PLC (AGLJ.J)
28 Apr 2017
LONDON Three of the world's biggest miners are hunting for new leaders for their boards at a time when the industry faces questions from investors about its conventional diversified business operations and strategies for growth.
* Board chairs must help oversee change, era of easy growth over
JOHANNESBURG Anglo American will sell its Eskom-linked thermal coal operations in South Africa for $166 million, it said on Monday, marking an important step in the mining giant's strategic overhaul to sharpen its focus on three commodities.
* Eskom likely to negotiate for cut of sale proceeds (Adds potential dispute with Eskom, Anglo and Eskom comment paragraphs 8-9)
SANTIAGO Southern Copper Corp hopes to dissuade workers at its Toquepala and Cuajone mines in Peru from striking this month, as a second labor union this year in the world's No.2 copper producer seeks a larger share of profits.
LAUSANNE, March 29 The chairman of Indian miner Vedanta Resources said on Wednesday he had no plans to buy assets in South Africa from Anglo American or push for a board seat after announcing plans to buy a 13 percent stake in the mining giant.
LAUSANNE, March 29 The chairman of Indian miner Vedanta Resources has no plans to buy assets in South Africa from Anglo American, or to push for a board seat after announcing a plan to acquire a 13 percent stake in the mining giant.
PARIS Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.
LONDON Indian billionaire Anil Agarwal said he wants to buy a 2 billion pound ($2.45 billion) stake in Anglo American , a major vote of confidence in the global miner's recovery.
* Agarwal acting through family trust, not Vedanta- statement