Anglo American to proceed with large asset sale June 30, 2014 Anglo American, the London- based mining giant, is looking to sell off assets at a number of sites, including some of its oldest platinum mines in South Africa. The sale comes as part of a strategic review of the company’s assets, led by chief executive Mark Cutifani. The FTSE 100-listed mining giant, which also owns [...]
Antofagasta and Anglo American soar on strong production results January 29, 2014 SHARES in Anglo American and Antofagasta both soared over five per cent yesterday, after stellar fourth-quarter production updates pleased investors in both the FTSE 100-quoted miners. Anglo American reported a 25 per cent increase in iron ore production over the period, while copper output rose by 24 per cent to a record 214,4000 tonnes, beating [...]
Anglo investors share $1bn return October 27, 2005 The world’s third-largest mining company Anglo American revealed a plan yesterday to return $1bn (£560m) to investors in 2006. CEO Tony Trahar said: “Through a series of measures we are creating a more focused mining group.” As part of the wide-ranging review Anglo is to cut its 51 per cent stake in gold producer AngloGold [...]