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Anglo American plc (LON:AAL) today noted the announcement by Anglo American Platinum Limited released this morning to the Johannesburg stock exchange. The text of the announcement is copied below: The Board of Anglo American Platinum Limited announces the appointment of Natascha Viljoen as CEO, with effect from 16 April 2020, following Chris Griffith’s decision to step down after more than …

Platinum mining

FTSE News FTSE 100

Anglo American plc (LON:AAL) today noted the announcement by Anglo American Platinum Limited released this morning to the Johannesburg stock exchange. The text of the announcement is copied below: The Board of Anglo American Platinum Limited today announced that Chris Griffith has informed the Board of his intention to step down as Chief Executive Officer and as an executive director …

mining

Anglo American Production up 4% for the quarter

FTSE News FTSE 100

Anglo American (LON:AAL) has today announced its Production Report for the fourth quarter ended 31 December 2019. Mark Cutifani, Chief Executive of Anglo American, said: “We have delivered our full year production targets across the business. Production is up 4%(1) for the quarter led by the continued successful ramp-up at Minas-Rio in Brazil. Increased production at Metallurgical Coal in Australia was offset by …

Anglo American reach agreement on recommended cash acquisition for Sirius Minerals

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The boards of Anglo American ( LON:AAL), Anglo American Projects UK Limited (“Bidco”) and Sirius Minerals Plc (“Sirius”) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition pursuant to which Bidco shall acquire the entire issued and to be issued share capital of Sirius. The Acquisition is intended to be effected by …

Anglo American responds to statement from Sirius Minerals

FTSE News FTSE 100

Anglo American (LON:AAL) today noted the announcement released by Sirius regarding a possible offer for Sirius by Anglo American. Anglo American confirms that it is in advanced discussions with Sirius in relation to a possible offer at a value of 5.5 pence per Sirius share, in cash.  The Proposal would value the entire issued share capital of Sirius at approximately …

Anglo American receives operating licence for Minas-Rio tailings facility

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Anglo American (LON:AAL) has announced that it has received the next phase of its operating licence for its Minas-Rio tailings facility in Brazil, following the work to raise the dam as part of the Step 3 licence area of the mine. The regulatory authorities in Brazil granted the installation licence for this work in January 2018 and the construction work …

Anglo American plc

Anglo American equalises ownership at integrated Moranbah-Grosvenor operation

FTSE News FTSE 100

Anglo American (LON:AAL) has announced the equalisation of ownership across its integrated metallurgical coal operations at Moranbah North and Grosvenor, in Queensland, Australia. The long-established Moranbah North mine and processing operation is 88% owned by Anglo American, with 12% owned by a consortium of Japanese companies1. The more recently commissioned and neighbouring Grosvenor mine was developed, and is wholly owned, …

Anglo American plc

Anglo American hosting analyst and investor visit on Bulks business

FTSE News FTSE 100

Anglo American (LON:AAL) is this week hosting an analyst and investor visit to Queensland, Australia to provide a detailed update on Anglo American’s Bulks businesses. The update will cover Anglo American’s world-class steelmaking ingredient businesses of Kumba Iron Ore, Minas-Rio, and the Metallurgical Coal operations in Australia, as well as its nickel and export thermal coal operations. Seamus French, CEO …

Anglo American rough diamond sales value for De Beers’ eighth sales cycle of 2019

FTSE News FTSE 100

Anglo American (LON:AAL) announced today the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ eighth sales cycle of 2019, amounting to $295 million. Bruce Cleaver, CEO, De Beers Group, said: “As we approach what is traditionally a quieter time of year for the diamond industry during the Diwali holiday, we have again offered our …

Anglo American PLC De Beers rough diamond sales 7th cycle of 2019

FTSE News FTSE 100

Anglo American plc (LON:AAL) today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ seventh sales cycle of 2019, amounting to $280 million. Bruce Cleaver, CEO, De Beers Group, said: “With midstream participants continuing to work down polished diamond inventory levels and reduced levels of manufacturing in the key cutting centres, De Beers …