Anglo American plc
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McEwen grows Los Azules copper count
VANCOUVER – With 10 drill holes McEwen Mining has boosted the copper resource at its Los Azules project in Argentina by 20% compared to the last estimate just eight months ago, and the huge deposit remains open in every direction.
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Anglo, Codelco reach agreement in copper clash
VANCOUVER — Following 10 months of mediation and looming courtroom drama, London-based major Anglo American and Chile’s state-owned copper miner Codelco have reportedly reached an agreement over the ownership rights of Anglo’s…
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Tough conditions for rough diamonds
Anglo American reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million ct largely due to market conditions and a focus on planned maintenance and waste stripping while De Beers, in which Anglo American…
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McEwen doubles resource at Los Azules
Indicated resources have more than doubled to 4.6 billion pounds of lb at McEwen Mining’s Los Azules project in Argentina, while inferred resources have jumped 4% to 10.8 billion lb of copper.
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Chile, Peru must meet energy challenges as mining booms
VANCOUVER — The Andean nations of Chile and Peru are firmly established as the top copper producing locales in the world. Chile holds the number one spot with annual production clocking in at roughly 4.9 million tonnes, while Peru sits in…
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PERSPECTIVE: The cost of moving Pebble forward
I know an engineer who says anything is possible if you throw enough money at it. The costs associated with the development of the Pebble copper-gold-molybdenum project in Alaska come to mind when thinking in this vein.
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PERSPECTIVE: Is there something wrong with diamonds?
First, the Oppenheimer family sold its remaining interest in De Beers to partner Anglo American. De Beers Canada owns and operates the Snap Lake diamond mine in the Northwest Territories and the Victor mine in Ontario. It is a partner with…
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MINING PEOPLE IN THE NEWS: Atlantic Industries, Chieftain Metals, Creso Exploration, Cummins Westport, NWT and Nunavut Chamber, Pebble, and Rainy River
Phil Carroll was recently named senior regional engineer for British Columbia and Yukon by Atlantic Industries Ltd. of Mt. Pearl, NL. He will focus on the transportation and mining sectors.
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PERSPECTIVE: Oppenheimers sell remaining interest in De Beers to Anglo American
After a century in South Africa and creating a dynasty synonymous with diamonds, the Oppenheimers are selling their 40% interest in De Beers. Anglo American of London, U.K., has offered US$5.1 billion in cash. Anglo will then hold 85% of a…
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SALE: NEMI sheds interest in Peace River Coal
BRITISH COLUMBIA – NEMI Northern Energy and Mining Inc. of Vancouver has sold its 12.18% interest in the Peace River Coal LP to Anglo American of Britain for a cash price of $73 million. Anglo, the operator, now holds a 86.18% interest in the…
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PERSPECTIVE: Pacific seabed hosts large REE deposits
Rare earth elements have recently become the one of the hottest exploration targets. The number of juniors seeking REEs seems almost as great as those hunting for gold particularly in Quebec. The most advanced junior is Canada Lithium that is…
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PERSPECTIVE: Australian floods cripple coal producers
The flooding that has hit Australia’s Queensland state over the last few weeks is wrecking havoc with, among other things, that country’s coal industry. It supplies 159 million tonnes or two-thirds of the global export coking coal market, and…