Anglo American plc http://www.globalpost.com/taxonomy/term/23825/all en UPDATE 3-Australian mining veteran Cutifani to head Anglo http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-3-australian-mining-veteran-cutifani-head-anglo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Cutifani to take reins at Anglo American on April 3</p> <p>* Has been CEO of AngloGold Ashanti since 2007</p> <p>* Anglo shares trade more than 2 percent higher</p> <p>By Clara Ferreira-Marques</p> <p>LONDON, Jan 8 (Reuters) - Australian gold mining executive<br /> Mark Cutifani, a one-time trainee miner, has been appointed<br /> chief executive of Anglo American, taking on what<br /> analysts and investors say is one of the toughest jobs in the<br /> business.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-3-australian-mining-veteran-cutifani-head-anglo" target="_blank">read more</a></p> Anglo American plc Anglo Platinum AngloGold AngloGold Ashanti Bobby Godsell Business Company Location Company Reorganization Cynthia Carroll Dividend Employment Change Mark Cutifani Mark Cutifani Mining Person Attributes Person Career Quotation Technology Thomson Reuters Tue, 08 Jan 2013 13:52:06 +0000 5731480 at http://www.globalpost.com Anglo American Platinum switches into deep losses, waives dividend http://www.globalpost.com/dispatch/news/afp/130204/anglo-american-platinum-switches-deep-losses-waives-dividend <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Strike-hit and top global platinum producer Anglo American Platinum (Amplats) reported on Monday a switch into a steep operating loss in 2012 amid surging operating costs, and said it was focusing on turning its performance around.</p> <p>The company reported an operating loss of 6,334 million rand for 2012 from a profit of 7,965 million rand in 2011 and said that what it termed headline earnings per share also switched into a loss of 5.62 rand from a profit of 13.65 rand ($1.53, 1.13 euro) in the previous year.</p> <p>Net debt shot up by 186 percent, and the company waived its dividend.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/anglo-american-platinum-switches-deep-losses-waives-dividend" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Mining AFP Mon, 04 Feb 2013 12:17:10 +0000 5745260 at http://www.globalpost.com UPDATE 2-Anglo could bring in partner for Minas Rio-CEO http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-anglo-could-bring-partner-minas-rio-ceo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Anglo could consider Brazil partner "if makes economic sense"</p> <p>* Says "confident" costs will remain within revised estimates</p> <p>* Says will press ahead with platinum overhaul plan "as laid out"</p> <p>By Clara Ferreira-Marques and Ed Stoddard</p> <p>CAPE TOWN, Feb 5 (Reuters) - Global mining group Anglo American could bring a partner into Minas Rio, a flagship iron ore asset in Brazil that has been battered by delays and cost overruns, outgoing chief executive Cynthia Carroll said on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-1-anglo-could-bring-partner-minas-rio-ceo" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Cynthia Carroll Entertainment Mining Thomson Reuters Tue, 05 Feb 2013 11:45:18 +0000 5746240 at http://www.globalpost.com S.Africa moves to assure investors after mines unrest http://www.globalpost.com/dispatch/news/afp/130205/safrica-moves-assure-investors-after-mines-unrest <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>South Africa moved Tuesday to assure mining executives that the country remains a safe destination for investment in the wake of deadly wildcat strikes, profit plunges and lay-off plans.</p> <p>"We stand ready to work with all of you to ensure that we build a mining industry that is resurgent, resilient and is able to function successfully to its full realisable potential," mining minister Susan Shabangu told thousands of delegates at the African Mining Indaba conference.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/safrica-moves-assure-investors-after-mines-unrest" target="_blank">read more</a></p> Anglo American plc Mining Occupational safety and health AFP Tue, 05 Feb 2013 17:15:49 +0000 5746632 at http://www.globalpost.com Anglo American plunges into $1.5-bn net loss in 2012 http://www.globalpost.com/dispatch/news/afp/130215/anglo-american-plunges-15-bn-net-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/anglo-american-plunges-15-bn-net-loss-2012" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Business Mining Social Issues AFP Fri, 15 Feb 2013 09:49:35 +0000 5756448 at http://www.globalpost.com CORRECTED: Anglo American plunges into $1.5-bn net loss in 2012 http://www.globalpost.com/dispatch/news/afp/130215/corrected-anglo-american-plunges-15-bn-net-loss-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/corrected-anglo-american-plunges-15-bn-net-loss-2012" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Business Mining USD AFP Fri, 15 Feb 2013 09:50:39 +0000 5756455 at http://www.globalpost.com Anglo American plunges into $1.5-bn net loss in 2012 http://www.globalpost.com/dispatch/news/afp/130215/anglo-american-plunges-15-bn-net-loss-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>The loss after taxation compared with a net profit of $6.17 billion in 2011, Anglo said in a results statement.</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/anglo-american-plunges-15-bn-net-loss-2012-0" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Business Mining USD AFP Fri, 15 Feb 2013 09:50:47 +0000 5756456 at http://www.globalpost.com UPDATE 3-Anglo promises austerity after posting first loss in a decade http://www.globalpost.com/dispatch/news/thomson-reuters/130215/update-2-profit-tumbles-departing-anglo-boss-has-no-regrets <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Dividend up 15 percent, above expectations, helps shares</p> <p>* 2012 operating profit down 44 percent, underlying earnings down 54 percent</p> <p>* 2012 pre-tax loss of $239 million</p> <p>By Clara Ferreira-Marques</p> <p>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.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/update-2-profit-tumbles-departing-anglo-boss-has-no-regrets" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Business Entertainment Mining Thomson Reuters Fri, 15 Feb 2013 12:15:28 +0000 5756587 at http://www.globalpost.com Weakness in miners drags on Britain's FTSE http://www.globalpost.com/dispatch/news/thomson-reuters/130218/weakness-miners-drags-britains-ftse <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 drops 0.2 percent</p> <p>* Anglo leads miners lower as industrial unrest resurfaces</p> <p>* Index holds above 6,300, indicating underlying strength</p> <p>By Alistair Smout</p> <p>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.</p> <p>However, the index remained above the key support level of 6,300, keeping it around five-year highs.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130218/weakness-miners-drags-britains-ftse" target="_blank">read more</a></p> Anglo American plc FTSE 100 Mining Stock market Thomson Reuters Mon, 18 Feb 2013 17:45:24 +0000 5759186 at http://www.globalpost.com Anglo copper ticks higher, strike-hit iron ore rebounds http://www.globalpost.com/dispatch/news/thomson-reuters/130419/anglo-american-copper-iron-ore-tick-higher-first-quarter <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Production of miner Anglo American's &lt;AAL.L&gt; 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 &lt;KIOJ.J&gt; unit last year.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130419/anglo-american-copper-iron-ore-tick-higher-first-quarter" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Chemistry Mining Thomson Reuters Fri, 19 Apr 2013 06:45:31 +0000 5819953 at http://www.globalpost.com Anglo CEO outlines review, promises change http://www.globalpost.com/dispatch/news/thomson-reuters/130419/anglo-ceo-outlines-review-promises-change <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - Miner Anglo American's &lt;AAL.L&gt; 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".</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130419/anglo-ceo-outlines-review-promises-change" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Business Mining Technology Thomson Reuters Fri, 19 Apr 2013 20:45:29 +0000 5820607 at http://www.globalpost.com Anglo American says profits slump on falling commodities http://www.globalpost.com/dispatch/news/afp/130726/anglo-american-says-profits-slump-falling-commodities <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p>Revenues dipped one percent to $16.19 billion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130726/anglo-american-says-profits-slump-falling-commodities" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Mining AFP Fri, 26 Jul 2013 11:33:55 +0000 5894423 at http://www.globalpost.com Anglo American says losses narrow sharply in 2013 http://www.globalpost.com/dispatch/news/afp/140214/anglo-american-says-losses-narrow-sharply-2013 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>Losses after taxation narrowed to $961 million (702 million euros) last year, from $1.470 billion in 2012, Anglo said in a results statement.</p> <p>The London-listed group took a $1.9 billion impairment charge on assets, principally in relation to its Brazilian Barro Alto nickel project.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140214/anglo-american-says-losses-narrow-sharply-2013" target="_blank">read more</a></p> Anglo American plc AngloGold Ashanti Mining AFP Fri, 14 Feb 2014 10:52:04 +0000 6070489 at http://www.globalpost.com Anglo American resumes operations at Los Bronces mine in Chile after violent protests http://www.globalpost.com/dispatch/news/the-canadian-press/140325/anglo-american-resumes-operations-at-los-bronces-mine-chile- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>SANTIAGO, Chile - British mining company Anglo American Plc is resuming operations at its Los Bronces copper mine in Chile after violent protests by contractors.</p> <p>The company said Tuesday it is restarting the mine a day after halting operations to guarantee the safety of its employees.</p> <p>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.</p> <p>The mine is expected to operate normally by the end of the day.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140325/anglo-american-resumes-operations-at-los-bronces-mine-chile-" target="_blank">read more</a></p> Anglo American plc Business Chile Labor Law Mining Occupational safety and health The Canadian Press Tue, 25 Mar 2014 19:21:16 +0000 6104454 at http://www.globalpost.com South African mining union leader says wage deal imminent http://www.globalpost.com/dispatch/news/thomson-reuters/140613/south-african-mining-union-leader-says-wage-deal-imminent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ed Cropley</p> <p>JOHANNESBURG (Reuters) - The leader of South Africa's AMCU union said on Friday a wage deal with the top three platinum producers was imminent, signaling a possible end to a crippling five-month strike that has disrupted global output of the metal.</p> <p>Workers from the Association of Mineworkers and Construction Union (AMCU) begged leader Joseph Mathunjwa on Thursday to end the country's longest mining strike and sign the latest offer - an increase of about 20 percent, or 1,000 rand ($93) a month.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140613/south-african-mining-union-leader-says-wage-deal-imminent" target="_blank">read more</a></p> Anglo American plc Impala Platinum Mining Technology Thomson Reuters Fri, 13 Jun 2014 11:25:31 +0000 6175560 at http://www.globalpost.com