Mining meltdown: Antofagasta, Glencore and Anglo American share prices plummet amid copper selloff January 14, 2015 Miners led the FTSE 100's biggest fallers in morning trading after a sudden collapse in copper prices knocked oil off the top of the commodities watch list. The metal plunged by more than six per cent after the World Bank slashed its global growth forecast for 2015. Antofagasta was the biggest faller, with shares dropping [...]
More mining M&A on the cards? Anglo American share price rises as boss says “come and get us” September 2, 2014 Shares in Anglo American, the world's largest platinum miner, jumped 2.6 per cent this afternoon after its chief executive said the company is open to takeover offers. In an interview, Mark Cutifani said his job is "to create value" – adding that "if somebody sees value, then there's a conversation to be had". I'm not [...]
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 [...]