Search results for "Anglo American"

Power struggle threatens to derail Anglo’s big plan

Anglo American CEO Mark Cutifani and his management team have a huge task ahead of them in persuading shareholders to stick with their strategy of focusing on three core commodities of copper, diamonds and platinum after last week's surprise announcement that Indian billionaire Anil Agarwal had acquired the second-biggest stake in the group.
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Anglo American’s proposed NSW mine expansion rejected again

The New South Wales Planning Assessment Commission (PAC) has once again rejected Anglo American’s proposed expansion of its Drayton South mine on the grounds it would cause air quality and blast noise effects which couldn’t be mitigated and “would have unacceptable negative economic and social impacts in the locality.” The PAC concluded the mine expansion - which was strongly opposed by landowner and an internationally renowned horsebreeding industry - was “not in the public interest.” Versions of the mine expansion proposal have been rejected twice by PAC and twice on appeal. Landowners are pressing the state government to permanently exclude the area from further mining. (Many thanks to Coal Wire for this summary.)
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