Anglo American’s plans to open its largest ever iron ore mine have stumbled over new rulings that will delay preparations to build the mine until it is deemed safe for an archaeological site within its …
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Brazil historic site could trip up big Anglo mine
China gives miners another scare as $58 billion monthly swing hands it largest trade deficit in 12 years
Losses for mining and energy companies were almost across the board on Monday after trade data from China showed a deficit that was the largest in 12-years. Investors in world number one BHP Billiton and …
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Anglo American to focus investments in Brazil, CEO says
London-based resource group Anglo American will focus its future investments in Brazil, CEO Cynthia Carroll told reporters during the inauguration of the Barro Alto nickel plant in Goiás state on December 6.
See http://www.bnamericas.com/news/mining/anglo-american-to-focus-investments-in-nation-ceo-says/277692669.…
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Royalty debates revisit Latin American states
Three Latin American states are the envy of most other country in terms of the potential value of the major minerals that lie beneath their soil – particularly copper, iron ore and gold. Among developing …
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Rio Tinto buys CSN’s Riversdale stake for $830m
Brazilian steelmaker CSN struck a deal to sell its 19.9 percent stake in Australian coal miner Riversdale to mining giant Rio Tinto for A$780 million ($830 million), according to a securities filing.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=125491&sn=Detail.…
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CSN trying to hinder Riversdale takeover by Rio Tinto, says analyst
Brazilian steelmaker CSN’s acquisition of additional stakes in Australian coal miner Riversdale Mining is an attempt to hinder the latter’s takeover by multinational resource group Rio Tinto, SLW brokerage analyst Pedro Galdi told BNamericas.
See …
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ENRC to pay $670m to expand Brazilian iron ore presence
London-listed Eurasian Natural Resources Corporation Plc has been on a takeover spree over the past year, using its cash pile to buy assets mostly in Africa to build up a broad-based mining house focused on …
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Mercosur unhappy with EU mining rules on cyanide content
With weeks to go before the start of new Mercosur-EU talks on creating a free trade zone, the two sides clashed as they met in the Argentine capital to advance cooperation in mining trade. Officials …
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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 …
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“Avatar is real” say tribal people
As the acclaimed 3D film ‘Avatar’ is nominated for an Oscar in the Best Film category, tribal peoples around the world have claimed the film tells the real story of their lives today.
See http://www.indcatholicnews.com/news.php?viewStory=15576…
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