Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.
Anglo American plc
Great Western Looks South For Rare Earths
As China continually tightens the reins on rare earth exports, Great Western Minerals Group (GWG-V, GWMGF-O) is trying to secure its own supply by signing an option agreement with a South African comp…
Great Western Minerals looks to South Africa for rare earths
As China continually tightens its reigns on rare earth exports, Great Western Minerals Group (GWG-V) is trying to s…
Exeter advances Caspiche and Cerro Moro
Copiapo, Chile — The road from the city of Copiapo to Exeter Resource’s (XRC-V, XRA-X) Caspiche gold-co…
BHP OKs Aussie Iron Ore Expansion
BHP Billiton (BHP-N, BLT-l) has approved an expansion at its iron ore mining operations in Western Australia, which will raise production by 50 million tonnes to 205 million tonnes per year in 2011.
Northern Dynasty, Anglo Update Pebble Resource
Vancouver — As Northern Dynasty Minerals (NDM-T, NAK-x) and Anglo American (AAUK-Q , AAL-l) move the Pebble copper-gold-molybdenum property in Alaska foward, the partners have released an updated res…
Global Financial Crisis Sends Deal Value Down
The value of mergers and acquisitions in the metals industry this year will fall far short of last year’s total and the outlook for the first half of 2009 doesn’t look very promising, PricewaterhouseC…
Northern Dynasty and Anglo update Pebble resource
Vancouver – As a joint-venture between Northern Dynasty Minerals (NDM-T) and Anglo American (AAUK-N, AAL-L) moves t…
BHP reduces manganese production, adjusts iron production
BHP Billiton (BHP-N, BLT-L), the world’s largest mining company, has approved a capacity expansion at its iro…
Teck Takes Hard Line On Fording Debt
Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …
Apoquindo copper chiefs see near-term production
SITE VISIT Antofagasta, Chile — The word apoquindo means “meeting of the chiefs.” It’s an appropriate name for a company chaired by the former head of the world’s biggest copper…
Waratah’s coal project nixed in Queensland (September 22, 2008)
An environmental ruling against Waratah Coal’s (WCI-V, WGO-A) multibillion-dollar proposal for a major coal port development on the east coast of Australia has crushed the stock. On the news, Waratah …