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Anglo American resumes operations at Los Bronces mine in Chile after violent protests

SANTIAGO, Chile - British mining company Anglo American Plc is resuming operations at its Los Bronces copper mine in Chile after violent protests by contractors. The company said Tuesday it is restarting the mine a day after halting operations to guarantee the safety of its employees. Anglo American also had evacuated the mine's workers after contractors took over roads leading to Los Bronces by setting mining truck tires afire and vandalizing the mine. The mine is expected to operate normally by the end of the day.

Anglo American says losses narrow sharply in 2013

Global miner Anglo American said Friday that net losses improved in 2013, but was weighed down by a vast impairment charge on assets, weak growth and strikes in South Africa. Losses after taxation narrowed to $961 million (702 million euros) last year, from $1.470 billion in 2012, Anglo said in a results statement. The London-listed group took a $1.9 billion impairment charge on assets, principally in relation to its Brazilian Barro Alto nickel project.

Anglo American says profits slump on falling commodities

Anglo American suffered a 68-percent slump in net profits during the first half, hurt by falling commodity prices amid the weak economic outlook, the global miner said on Friday. Profits after tax tumbled to $403 million (303.5 million euros) in the six months to the end of June, compared with $1.254 billion in the same part of last year, Anglo said in a results statement. Revenues dipped one percent to $16.19 billion.

Anglo CEO outlines review, promises change

LONDON (Reuters) - Miner Anglo American's <AAL.L> new chief executive told shareholders on Friday he had begun a three-month strategy review, promising that after years of largesse across the industry, the mining group would "spend within its means".

Anglo copper ticks higher, strike-hit iron ore rebounds

LONDON (Reuters) - Production of miner Anglo American's <AAL.L> key commodities edged higher in the first three months of the year, with iron ore rebounding from a damaging strike at its South African Kumba Iron Ore <KIOJ.J> unit last year. Platinum remained a weak point as expected, however, with equivalent refined production down 2 percent to 583,000 ounces, hit by drops at South African underground mines where it has seen intermittent illegal strike action.

Weakness in miners drags on Britain's FTSE

* FTSE 100 drops 0.2 percent * Anglo leads miners lower as industrial unrest resurfaces * Index holds above 6,300, indicating underlying strength By Alistair Smout LONDON, Feb 18 (Reuters) - Britain's top share index fell on Monday, with the mining sector hit by low commodity prices and a resurgence in industrial unrest. However, the index remained above the key support level of 6,300, keeping it around five-year highs.

UPDATE 3-Anglo promises austerity after posting first loss in a decade

* Dividend up 15 percent, above expectations, helps shares * 2012 operating profit down 44 percent, underlying earnings down 54 percent * 2012 pre-tax loss of $239 million By Clara Ferreira-Marques LONDON, Feb 15 (Reuters) - Anglo American slid to its first net loss for more than a decade in 2012 after profits fell across all units and the global miner wrote $4 billion off the value of its flagship Minas Rio iron ore project in Brazil.

Anglo American plunges into $1.5-bn net loss in 2012

Miner Anglo American on Friday posted an annual net loss of $1.49 billion (1.11 billion euros) after taking a $4.6-million hit on the value of its Minas-Rio iron-ore project in Brazil and platinum assets. The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement. That was Anglo American's first net loss in more than a decade as the London-listed miner was also hurt by a sharp fall in global commodity prices.

CORRECTED: Anglo American plunges into $1.5-bn net loss in 2012

Miner Anglo American on Friday posted an annual net loss of $1.49 billion (1.11 billion euros) after taking a $4.6-billion hit on the value of its Minas-Rio iron-ore project in Brazil and platinum assets. The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement. That was Anglo American's first net loss in more than a decade as the London-listed miner was also hurt by a sharp fall in global commodity prices.

Anglo American plunges into $1.5-bn net loss in 2012

Miner Anglo American on Friday posted an annual net loss of $1.49 billion (1.11 billion euros) after taking a $4.6-billion hit on the value of its Minas-Rio iron-ore project in Brazil and platinum assets. The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement. That was Anglo American's first net loss in more than a decade as the London-listed miner was also hurt by a sharp fall in global commodity prices.
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