London-listed companies and the earthquake in Chile
London-listed Anglo American, BHP Billiton and Xstrata are all involved in copper mining in Chile.
Chile copper mines, ports recover
All but one of Chile’s biggest copper mines hit by the massive weekend earthquake had restored operations by Monday, but persistent power supply problems threatened to restrict production rates.
See http://www.reuters.com/article/idUSTRE61R2WL20100301.
Anglo American’s earthquake-related copper losses less than 1,500t
Multinational [...]
Two analyses of developments in the mining industry by Barry Sergeant of Mineweb
Both articles analyse the relative strengths and weaknesses of companies across set time-frames. The first of them deals with how much companies have returned to investors over the last decade of the so-called ’super-cycle’. Note BHP Billiton led by returning almost $30 billion to shareholders, followed by Ango American at $20 billion. The second reviews [...]
Cerrejon Coal joins Global Business Initiative on Human Rights (GBI)
GBI has formally announced that the Initiative’s core group of members will be joined by Colombian mining company Cerrejon Coal, a joint venture of London-listed Anglo American, BHP Billiton and Xstrata.
GBI states that its aim is to advance human rights in business around the world. Core membership of the Initiative now includes: ABB, Cerrejon, Flextronics, [...]
Request for urgent action to support Colombian Indigenous leaders
Last October, Wayuu Indigenous leader Karmen Ramirez Boscan was in London as a guest of London Mining Network member group Colombia Solidarity Campaign. She came to Britain for the AGM of mining multinational BHP Billiton, which is one of the three multinational owners of the Cerrejon coal mine. The other two are Anglo American and [...]
Anglo American financial news
Anglo American beats earnings forecasts but stops short of reinstating dividends
The group posted a 51% drop in annual earnings per share on the back of weaker metal prices and said the resumption of dividend payments remained a key priority.
See http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=98929&sn=Detail&pid=92730.
Anglo American Chile accounts for 41% of group’s total 2009 operating profits
Anglo American Chile, the local [...]
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