Chile’s state copper miner Codelco has received approval from the country’s antitrust regulator for its joint mining plan with Anglo American at the Andina-Los Bronces project, Reuters reported. Last September, the miners finalized an agreement to operate their neighboring copper mines jointly. The deal aims to generate at least $5 billion from increased production and cost savings. The plan will…
Read MoreThe shareholders of Anglo American and Teck have approved the proposed merger of equals to form Anglo Teck. The vote was held at a special meeting, and Anglo American CEO Duncan Wanblad said the plan received “strong support” from shareholders and stakeholders alike. “Today marks a major milestone towards forming Anglo Teck – a global critical minerals champion, headquartered in…
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BHP Mitsubishi Alliance (BMA) will cut about 750 jobs across its operations, blaming the impact of high royalties imposed by the Queensland government, reported ABC News. The miner also said it will mothball its Saraji South mine at Dysart in November. The Mining and Energy Union said it understood the job losses would come from corporate and support roles across…
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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,…
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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…
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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…
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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…
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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…
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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…
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