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Anglo American First-Quarter Copper, Iron Ore Up; Minas Rio On Track

Globally diversified miner Anglo American PLC (AAL.LN) Friday reported first quarter output was higher across most of its commodities including copper, iron ore and diamonds, but combined coal production was flat and nickel and platinum output were down.It also said that its flagship Minas-Rio iron ore project, which has suffered cost overruns and delays, is on track to ship its first ore by the end of 2014 after securing a further two authorizations.Anglo American said its first-quarter iron-ore output rose 2.3% to 10.3 million metric tons due to increased output from its South African Kolomela mine. Iron ore and manganese accounted for 37% of the company's underlying earnings before interest, taxes, depreciation and amortization, or Ebitda, last year.Copper production rose 1.2% to 170,400 tons in the first quarter, as higher output from the company's Chilean Los Bronces mine more than offset lower output from Chile's Collahuasi mine following a planned 45-day shutdown of a key mill f...

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  1. Timeline: Amplats restructures, shedding mines and 14,000 jobs

    Here is a look at troubles at Anglo American Platinum, also known as Amplats, the world's top platinum producer, after it said it would mothball two South African mi...

  2. Anglo CEO Cynthia Carroll quits as share price lags

    Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share ...

  3. Anglo CEO Cynthia Carroll Quits as Share Price Lags

    Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the mining group's lagging share ...

  4. Under pressure, Anglo CEO Cynthia Carroll quits

    Anglo American's Chief Executive Cynthia Carroll has quit after more than five years in the job, under pressure from investors over the miner's lagging share price a...

  5. Anglo American Upgrades Iron Ore, Copper, Coal Output

    Globally-diversified miner Anglo American PLC (AAL.LN) said Thursday that its third-quarter output rose for five of the seven commodities it produces, but platinum o...

  6. Rio Tinto Sees Strong Long-term Fundamentals for Diamonds

    Rio Tinto PLC (RIO) forecast Thursday a rise in prices for diamonds over the next decade as demand from China and India continues to surge but supply remains subdued...

  7. Anglo American PLC Anglo American completes acquisition

    TIDMAALRNS Number : 1983KAnglo American PLC16 August 201216 August 2012 Anglo American completes acquisition of De Beers shareholdingAnglo American plc ("Anglo Ameri...

  8. De Beers Starts Diamonds Aggregation Early in Botswana

    Rough diamond producer De Beers said Tuesday its has started aggregating diamonds in Botswana's capital of Gaborone, two months ahead of schedule, fulfilling the fir...

  9. De Beers Starts Diamonds Aggregation in Botswana 2 Months Ahead of Views

    Rough diamond producer De Beers said Tuesday its has started aggregating diamonds in Botswana's capital of Gaborone, two months ahead of schedule, fulfilling the fir...

  10. Anglo American Iron Ore, Copper Output Up; Diamonds Drop

    Globally diversified miner Anglo American PLC (AAL.LN) Thursday said first-quarter iron ore, copper, nickel and platinum output rose on the year, but diamond output ...

  11. Rio Tinto Mulls Exit From Diamond Operations

    Rio Tinto PLC (RIO) is looking at options for exiting its diamond operations, mirroring a move underway by rival BHP Billiton Ltd. (BHP).The Anglo-Australian mining ...

  12. Value Of Mining M&A Up 50% In 2011 To $100 Billion - KPMG

    The value of merger and acquisition activity in the global mining sector surged by around 50% last year to top $100 billion, helped by a recovery in transaction valu...

  1. Congo Government to Ban Exports of Copper, Cobalt Concentrate

    Congo's government Wednesday said it will ban exports of copper and cobalt concentrate to spur more local processing of the minerals.A government order from the mini...

  2. Norilsk Recommends Three Independent Board Directors

    Russian mining giant Norilsk Nickel (GMKN.RS) Thursday recommended three people to sit as independent directors on the company's board as the firm works to implement...

  3. De Beers Sees Moderate Rough Diamond Demand Growth in 2013

    The world's largest rough diamond producer De Beers Friday said it expects moderate growth in global diamond jewellery demand in 2013 after a challenging 2012 in whi...

  4. De Beers sees glimmer of hope for hard-pressed diamond market

    A more positive outlook in China and India will help boost diamond sales this year, says De Beers, the world's biggest diamond producer, in a further sign the world ...

  5. Anglo American Sees Limited Scope For Significant Dividend Rise-CFO

    Global diversified miner Anglo American PLC (AAL.LN) sees limited scope for a significant increase in dividend given the company's focus on delivering two major grow...

  6. De Beers Invests in New South African Mine

    Diamond producer De Beers said Friday it would invest $2 billion in a new South African diamond mine that will begin production in 2021.The new mine is under the cur...

  7. Gemfields Sees $10 billion Colored Gemstone Market In 10 Years

    Colored gemstone producer Gemfields PLC (GEM.LN) expects global demand for polished colored gemstones to multiply by five times over the next decade and become a $10...

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