Anglo American plunges into $1.5bn net loss in 2012
Miner Anglo American has posted an annual net loss of $1.49-billion after taking a $4.6-million hit on its iron ore project and platinum assets.
Miner Anglo American has posted an annual net loss of $1.49-billion after taking a $4.6-million hit on its iron ore project and platinum assets.
The market heaved a sigh of relief last year when Anglo American and the Chilean copper giant, Codelco, reached an out-of-court settlement.
Besides the Brazil project's mounting costs, the company's platinum earnings are sharply down, writes Chantelle Benjamin.
Anglo American Platinum is likely to sell or shut its Union mine as part of a review of its platinum business by parent Anglo American.
Mark Cutifani, head of AngloGold Ashanti will replace outgoing chief executive Cynthia Carroll at the helm of mining giant AngloAmerican.
Violence witnessed in the mining sector this year stems from "underlying social problems that remain", says Anglo American's CEO Cynthia Carroll.
Anglo American Platinum has made a new offer to striking workers in an attempt to get operations running again, the company confirmed on Wednesday.
But with so many risks beyond their control, the one question is, who would want to take up Cynthia Carroll's position as Anglo American's CEO?
South Africa's markets have welcomed news that Anglo American's chief executive Cynthia Carroll has stepped down, with stock shooting up 1.8%.
Anglo American CEO Cynthia Carroll has resigned from the position, saying she felt it was the right time to step down.
The mining industry is set to continue talks with the African National Congress in lead-up to the crucial Mangaung conference.
Anglo American's Cynthia Carroll and her lieutenants seem to have dropped the ball in persuading the company's board to approve their last dividend.
Daniel Thakamakau, a South African miner who allegedly contracted TB after digging gold for Anglo American, has demanded compensation.
Anglo American has sold Scaw Metals' SA arm for $440-million in an attempt to refocus the company and concentrate on its core mining business.
Anglo American's eMalahleni water reclamation plant, was the only mining initiative to be endorsed by the United Nations at COP17.
Anglo American has been sued on two continents by miners wanting to be paid out after falling ill due to exposure to dangerous levels of dust.
For mining giant Anglo American, combating HIV/Aids among its workforce is both a case of health economics and a moral imperative.
Why did the Oppenheimers end their 94-year hold on the world's largest diamond miner to go farming in Africa?
The Oppenheimer dynasty has ended by selling their 40% of De Beers to global miner Anglo American for $5.1-billion.
Anglo American has bought an extra 40% of De Beers from the Oppenheimers for $5.1bn, giving it a majority stake in the world's largest diamond firm.