Anglo American and Teck Resources have reached an agreement to combine the two companies in a merger of equals, forming the Anglo Teck group. Headquartered in Vancouver, Canada, Anglo Teck will be a global critical minerals champion and top-five global copper producer. Bringing together the strengths of both companies, Anglo Teck will leverage proven capabilities in technical and operational excellence,…
Read More
American coal producer Peabody has terminated purchase agreements with Anglo American for its Australian coal assets due to a material adverse change (MAC). The decision comes nearly five months after an ignition event occurred at Anglo’s Moranbah North mine. Moranbah North was one of the four metallurgical coal mines included in the nearly $3.8 billion deal. The exact cause of…
Read More
Anglo American has released a statement in regards to American coal producer Peabody Energy reviewing options related to its acquisition of Anglo American’s coal assets in Australia. The miner said it does not believe that the stoppage at its Moranbah North mine on 31 March constitutes a Material Adverse Change in accordance with the definitive agreements with Peabody. A small…
Read More
Photo: Anglo American American coal producer Peabody Energy is reviewing all options related to its acquisition of Anglo American’s coal assets in Australia following an ignition event at one of the mines included in the deal. “The company remains in conversation with Anglo American to better understand the impacts of the event,” said Peabody in a statement. “Peabody is preserving…
Read MoreAnglo American, owner of a number of operations in Queensland’s Bowen Basin, has earmarked new funding grants to some community groups and not-for-profit organisations in the Moranbah, Middlemount, Moura, Banana and Theodore areas via its 2025 Community Grants Program. The successful 2024 Community Grants Program applicants include: MiddlemountBarada Barna Aboriginal Corporation, Capella Tieri Middlemount Community Support Network, Capricorn Helicopter Rescue…
Read More
Anglo American’s 10-year vision for a “mine of the future” became reality when all of its underground coal mines in Australia’s Bowen Basin began operating simultaneously from Remote Operation Centres (ROCs). Additionally, the Central Queensland underground operations have notched up 10,000 longwall mining shears from those ROCs, another remarkable feat. Matthew Wakeford, Anglo American Australia automation superintendent, said the rapid…
Read More
Anglo American confirmed on 18 February that it has entered into an agreement to sell its Brazilian nickel business to MMG subsidiary MMG Singapore for up to US$500 million cash. The nickel business comprises two ferronickel operations in Brazil, Barro Alto and Codemin, as well as two high quality greenfield growth projects, Jacaré and Morro Sem Boné. The $500 million…
Read More
Miners Sasol, Anglo American and De Beers have entered into a joint development agreement (JDA) to pilot the production of feedstock for renewable diesel. The deal, inked during the recent Investing in African Mining Indaba conference in Cape Town, allows all three to assess the technical and commercial viability of feedstock production, starting with Solaris and Moringa plantations to generate…
Read More
Peabody Energy, which is working on redevelop its Centurion mine in the Bowen Basin region of Queensland, has shipped first product from the hard coking coal property. The inaugural shipment was delivered to the Dalrymple Bay Coal Terminal and loaded for export to a customer in Asia the week of 9 December. Centurion is undergoing a ramp-up at the mine…
Read MoreVale announced it has fulfilled all conditions precedent in its partnership with Anglo American, where the company has acquired a 15% equity interest in Minas-Rai mine complex owner Anglo American Minério de Ferro Brasil. Considering the closing of the transaction, Anglo American will now own the Serra da Serpentina assets previously owned by Vale in Brazil. Under the terms of…
Read More