Anglo American takes fresh $1.6bn writedown on UK fertilizer mine

Charge weighed on the miner’s swinging to a loss and it comes amid a company overhaul that involves shedding four of its units.

Cecilia Jamasmie | July 25, 2024 | 3:46 am

A more than six-fold increase in electricity prices since 2008 and erratic power supply have negatively affected local processing.

Bloomberg News | July 24, 2024 | 7:19 am

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.

Bloomberg News | July 22, 2024 | 10:37 am

Wealthy Australians are emerging as an important pool of capital for financing coal projects shunned by banks.

Bloomberg News | July 22, 2024 | 9:34 am

Amplats also said it had cut some 3,700 jobs to reduce spending ahead of the demerger.

Reuters | July 22, 2024 | 6:55 am

South32 said in February it had agreed to sell the business in New South Wales state for $1.65 billion.

Reuters | July 21, 2024 | 4:25 pm

The company's Blackwater and Daunia mines in Queensland, which it recently purchased from BHP, produced 4.8 million tonnes.

Reuters | July 18, 2024 | 4:48 pm

China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.

Reuters | July 18, 2024 | 2:05 pm

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.

Reuters | July 16, 2024 | 3:41 pm

Vedanta Resources raises $900 million via dollar bonds