18 articles
Botswana plans to increase its stake in De Beers while Anglo American seeks to divest, emphasizing financial caution amid a diamond industry downturn driven by synthetic stones and reduced Chinese spe
The EU warns MMG Ltd.'s acquisition of Anglo American's nickel business may restrict competition and raise costs for European stainless steel producers. Regulators fear the deal could divert low-carbo
S&P Dow Jones Indices updated Canadian index criteria, allowing the Anglo American-Teck Resources merger to remain listed. The deal creates the world's fifth-largest copper producer with substantial C
EU regulators plan to issue a warning to MMG regarding its acquisition of Anglo American's Brazilian nickel business due to competition concerns. A formal statement of objections is expected this mont
Major South African mining firms are accelerating renewable energy investments to reduce reliance on state utility Eskom and lower costs. Anglo American and Sibanye Stillwater aim to meet decarbonizat
UK stocks rose supported by miners Rio Tinto and Anglo American, while oil majors dipped on Iran sanction fears; Shell attracted bidder interest for its $8 billion U.S. chemical assets.
Mining executives from Glencore, Anglo American, and Rio Tinto indicate that despite heightened regulatory scrutiny on critical minerals, M&A activity remains viable, though valuation remains a larger
FTSE 100 remained flat as investors awaited US inflation data, while mining giants Anglo American and Rio Tinto gained on rising copper prices. Brent crude held near $90 per barrel amidst Middle East
Anglo American reported a 35% profit surge driven by record copper prices, raising dividends and planning to exit diamonds and coal to focus on copper mining.
Anglo American is negotiating to sell its De Beers diamond unit for around $1 billion amid a prolonged industry crisis. The preferred bidder is a consortium led by former CEO Gareth Penny, though fina
Severe winter storms disrupted operations at key copper mines and ports in central Chile, affecting shipments from major producers like Codelco and Anglo American. Traders are monitoring the situation
Anglo American selected a consortium led by former De Beers CEO Gareth Penny as the preferred bidder to acquire the diamond miner. Botswana is conducting due diligence on the deal, aiming to strengthe
Canada pledged C$400 million to Teck Resources to expand its Trail smelter, potentially doubling germanium and antimony output to secure critical mineral supplies. This investment supports the regulat
Former De Beers CEO Gareth Penny leads a consortium bidding to acquire De Beers from Anglo American amidst geopolitical financing hurdles. The transaction occurs during a severe industry downturn exac
De Beers CEO Al Cook expects the sale of the diamond unit to close within weeks, concluding a two-year negotiation period with Anglo American.
Botswana is negotiating with UAE and Oman to acquire Anglo American's controlling stake in De Beers to secure influence over diamond pricing amid market pressures. Anglo American is divesting to refoc
Anglo American plans to sell Australian steelmaking coal mines to Dhilmar for up to $3.88 billion, exiting the sector to cut debt before merging with Teck Resources.
Anglo American has identified three potential buyers for its Australian steelmaking coal business following a failed $3.8 billion sale to Peabody Energy due to mine fires.
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