Anglo American

Anglo American reports a $1.6 billion writedown on its UK fertilizer project, contributing to a first-half loss amid ongoing restructuring efforts.

Anglo American CEO Duncan Wanblad will address investors on strategic updates post-BHP takeover bid, focusing on copper, iron ore, and fertilizer projects.

Anglo American achieves strong Q2 with operational excellence, strategic progress, and community efforts in Johannesburg.

Rising capital costs and declining ore grades at legacy mines are driving a sustained bull market in the copper industry, presenting both challenges and opportunities for growth.

Anglo American starts selling its coal assets as part of a broader business restructuring, aiming to adapt to future market demands.

Anglo American anticipates a 30% decrease in copper production at Los Bronces mine in Chile, due to extended maintenance scheduled for 2024.

The future ownership of De Beers, the world’s leading diamond miner, is shrouded in uncertainty. Botswana, a key player in the diamond industry, is considering increasing its stake in the company as its parent company, Anglo American, contemplates a spin-off or sale.

Botswana’s President Masisi is pushing for the quick separation of De Beers from Anglo American to ensure more control and profits from the country’s diamond resources.

In a surprising turn of events, BHP Group walked away from its proposed $49.2 billion takeover of Anglo American Plc. The deal’s demise hinges on a disagreement over Anglo-American’s South African assets. BHP sought to acquire these assets to become the world’s leading copper producer, but Anglo American rejected the deal structure.

BlackRock and other key shareholders push Anglo American to extend merger talks with BHP, addressing concerns over deal structure and asset divestment.