Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth quarter, led by the continued successful ramp-up at the Minas-Rio iron-ore mine, in Brazil.
A Polish coal mining union chided one of its leaders for meeting climate activist Greta Thunberg as a misstep that undermines their efforts to keep coal as the country’s key source of energy.
Junior Allegiance Coal has formalized an agreement with Cline Mining Corporation to acquire new Elk Coal Company, which owns the New Elk hard coking coal project, in Colorado.
South African miner Gold Fields has hired investment bank RBC Capital Markets to explore the sale of a 30% stake in its gold project in northern Chile, two sources said.
The gold sector has seen two multi-billion dollar takeovers over the last 18 months and bankers and investors say a buoyant gold market could drive further activity.
Russian steel and coal producer Mechel has decided not to buy back a stake in its biggest asset, the Elga coal mine in Russia's far east, from its creditor Gazprombank, which has held the stake since 2016, said on Tuesday. Mechel is engaged in talks with its creditors about restructuring $6-billion in loans.
Anglo American's plan to buy a giant potash project overlooking England’s North Sea is a bittersweet twist for local residents.
Independent proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis) have recommended that shareholders vote for the merger between Canadian miners Equinox Gold and Leagold Mining.
Shareholders of both companies will meet on separately on January 28 to consider the merger, which was announced last month.
The polyhalite-based Poly4 product that Anglo American will market if its bid for Sirius Minerals is successful emits significantly less carbon dioxide (CO2) per tonne relative to both of the other two main fertiliser products..
The boards of Anglo American plc and Sirius Minerals plc have reached agreement on the takeover of the share capital of Sirius for £404.9-million.
Metals miner Independence Group’s takeover offer for fellow listed Panoramic Resources has lapsed, with Independence saying on Monday that the acceptance from all Panoramic shareholders who took up the offer, would now be cancelled.
Independence in November announced A$312-million takeover offer for Panoramic, offering one of its own shares for every 13 Panoramic shares held.