British mining group Anglo American has sold shares of Anglo American Platinum, valued at 9.6 billion South African rand (approximately 500 million euros), as part of preparations for a complete demerger of the South African platinum producer. The sale, announced on Wednesday, involved 17.5 million shares, representing 6.6% of Anglo American Platinum’s issued capital, at...
READ MOREPresident Hakainde Hichilema has announced that Anglo American Corporation is re-entering Zambia’s mining sector, marking the company’s return after nearly two decades away. This move is expected to bolster Zambia’s ambitious target of tripling copper production to 3 million tonnes annually by 2031. Achieving this target is a key component of the government’s broader strategy...
READ MOREBHP, the world’s largest mining company, has shifted its focus to other growth opportunities after its unsuccessful attempt to acquire Anglo American earlier this year, Chairman Ken MacKenzie said on Wednesday. The company walked away from a \$49 billion bid in May after being rebuffed three times by Anglo American. The end of a six-month...
READ MORESouth African mining giant Anglo American continues to reorganize its copper mining activities across South America. One of the two copper mines at the Los Bronces complex in Chile has been temporarily closed for maintenance, as announced in late July 2024. The smaller Los Bronces mine, which contributes about 40% of the complex’s total capacity,...
READ MOREThe speed at which Anglo American shifts towards becoming a copper-focused miner could ultimately decide its future—either continuing as an independent company or being absorbed by a larger rival, such as BHP Group. Earlier this year, BHP attempted but failed to acquire Anglo, walking away from a \$49 billion bid in May after being rebuffed...
READ MOREGlobal mining giant BHP Group has turned its attention to Botswana’s copper resources following a failed £38.6 billion bid for Anglo American. Reports indicate that the primary motivation behind the bid was BHP’s desire to acquire Anglo’s copper mines, highlighting copper’s growing importance as the world shifts away from fossil fuels. BHP has stated on...
READ MOREAnglo American is undergoing significant restructuring to concentrate on copper, a key material for the energy transition, after rejecting a $49 billion takeover offer from BHP Group earlier this year. The company will unbundle its diamond, platinum, nickel, and coal assets, including De Beers, Brazilian nickel mines, and Australian coal operations, to streamline its portfolio....
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