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 [...]
Controversial Rio Tinto subsidiary Kennecott mine permits OK’d at 11th hour
Two days before the Michigan State Department of Environmental Quality (DEQ) ceased to exist and a week after its director stepped down, DEQ moved to wrap up a long standing fight over permits for a planned nickel sulphide mine by concluding that only buildings may be considered “places of worship” and that therefore a rock [...]
BHP Billiton isn’t putting another nickel in
Recently there’s been some speculation that BHP Billiton – the world’s biggest mining company – may be about to exit from nickel production.
In 2008, it pulled out of the Gag Island project in West Papua. See: http://www.minesandcommunities.org/article.php?a=8921.
The following year, the company also sold a major nickel refinery in Australia. See: http://www.minesandcommunities.org/article.php?a=9384.
Then, last month, BHP Billiton [...]
BHP Billiton sells stake in Philippine nickel project
BHP Billiton has pulled out of a $2 billion nickel project in the southern Philippines after selling its 40 percent stake to a local partner. The project was BHP’s only mining venture in the Southeast Asian country and the move could be part of the miner’s plan to exit the nickel business as early as [...]
Expanded alternative report on BHP Billiton
BHP Billiton, the world’s largest diversified resources company – producing oil as well as coal, copper, diamonds, iron ore, manganese, nickel, uranium and a number of other minerals – boasts of a strong reputation for corporate responsibility. Communities affected by its operations may well believe that such a reputation is unjustified.
London Mining Network and others [...]
