Canadian seafloor miner Nautilus Minerals (in which London-based Anglo American is a major shareholder) has scored a fresh offtake deal for its upcoming deep-sea operation off the coast of Papua New Guinea with Chinese smelting company Tongling Nonferrous Metals Group.
Canadian seafloor miner Nautilus Minerals (in which London-based Anglo American is a major shareholder) has scored a fresh offtake deal for its upcoming deep-sea operation off the coast of Papua New Guinea with Chinese smelting company Tongling Nonferrous Metals Group.
Gold miners in South Africa are among the worst affected in the world by silicosis and other occupational lung diseases.
Anglo American’s plans to shut or sell dozens of loss-making mines have failed to halt a dramatic slide in its share price and it may need to sacrifice stronger parts of the business or raise cash from shareholders to pay down its debt.
Shares in mining firm Anglo American have fallen to a record low as the company said it would sell huge chunks of its business and shrink its workforce by nearly two-thirds.
