TikTok tries to avoid US ban by offering lawmakers assurances over data sharing and security concerns TIktok ban TikTok has proposed allowing US officials access its algorithms in an attempt to avoid a statewide ban. In the last few months, American lawmakers have attempted to ban the video based social media platform, after FBI Director Christopher Wray said that TikTok poses national security risks in November. In the last week, over 20 US [...]
Anglo American and EDF join forces on South African renewables venture Renewables Mining giant Anglo American said it would join forces with French energy giant EDF today to develop a new “renewable energy ecosystem” in South Africa.
Anglo American profits soar to $20.6bn as bosses prepare to hike dividends Anglo American Mining giant Anglo American reported record full year earnings and prepared to more than triple its annual payout to shareholders, as it felt the lift of soaring commodity prices which have boosted profits across the sector.
Anglo-American to return extra $2bn to shareholders after doubling revenue July 29, 2021 Anglo-American said that it would return an extra $2bn to shareholders after doubling its revenue in the first half of the year. The FTSE 100 firm said that revenue had jumped from $10.2bn to $21.8bn in the period, thanks mainly to surging demands for raw materials amid the recovery from the pandemic. The mining giant [...]
Mine blast: Anglo American exposed workers to excessive risk, inquiry finds June 15, 2021 An inquiry into a blast at an Anglo American coal mine in Australia that seriously injured five workers has found that the miner exposed workers to excessive risk. Mining activities at Anglo’s Grosvenor mine in Queensland were halted after the May 2020 explosion that triggered a government inquiry. Anglo repeatedly produced more methane gas than [...]
Anglo American South African coal mines are ‘worthless’ says researcher in scathing attack June 6, 2021 Anglo American’s South African coal mines are “worthless,” according researcher Boatman Capital, which published a 39-page dossier on the company that also accused the mining giant of greenwashing. The dossier alleges clean-up costs for Thungela Resources could be three-times greater than the amounts currently disclosed to investors, the Telegraph reported. Anglo American will demerge with [...]
Branston pickle, Cadbury flake and crumpets among top five UK exports expats craved during pandemic March 11, 2021 Demand for UK food from exporter British Corner Shop surges in US amid revenue rise by 150 per cent
Anglo American profit tumbles but metal prices keep earnings steady February 25, 2021 Mining giant Anglo American this morning said that profit slipped 40 per cent in 2020, falling from $3.5bn to $2.1bn, as the coronavirus dried up demand for commodities around the world. However, its earnings – Anglo American’s preferred metric – came in at $9.8bn, ahead of the $9.4bn predicted by analysts. That’s just short of [...]
Anglo American sticks to guidance as output falls a fifth July 16, 2020 Mining giant Anglo American announced that total production in the second quarter had fallen 18 per cent as a result of the coronavirus pandemic. Despite the drop, the firm said that it would maintain its full year guidance for all of its commodities except for coal. In a statement, the FTSE 100 firm said that [...]
Anglo American production slips amid coronavirus lockdown April 23, 2020 Anglo American’s production volumes fell four per cent in the first quarter as coronavirus precautions limited the mining giant’s output capacity. Output fell across the group’s palladium, iron ore, platinum and diamond mining operations, with particular constraints on its assets in South Africa. Operations in the country, which accounts for roughly half of Anglo’s profits, [...]