Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American.
Hong Kong-listed mining and metals company MMG's plan to buy Anglo American's Brazilian nickel business could enable MMG to divert ferronickel from Europe and hurt European stainless steel production, EU antitrust regulators said on Tuesday.
Copper production was broadly flat but production from its steelmaking coal division more than halved following the fire at its Moranbah North mine in Australia.
Teck Resources beat third-quarter profit estimates on Wednesday, lifted by higher copper and zinc prices, even as production at its Quebrada Blanca copper mine in Chile remained constrained by tailings work.
The world's biggest copper miner, Chile's Codelco (COBRE.UL), has named Gonzalo Lara Skiba as vice president of integrating operations at Andina, a role in which he will spearhead a shared mine plan between Codelco's Andina and Anglo American's Los Bronces.
Anglo American said on Thursday it had cut a "small number" of jobs at its office in Brisbane in Australia and nearby coal mines as part of the miner's efforts to simplify its operations and adapt to lower coal prices and rising costs.
The decision to cancel the agreement to buy Anglo American's steelmaking coal operations comes nearly five months after a fire at one of the British company's mines.
Anglo American's restructuring and asset disposals de-risk the business, supporting our Buy rating ahead of H1 results. Recent Valterra spin-off, De Beers exit progress, and executive changes reinforce the company's transformation into a focused copper and iron ore player. Copper remains the core growth driver, with high-quality mines, volume growth, and supportive long-term demand trends, especially after recent US tariffs.
Valterra Platinum shares will begin trading on the London Stock Exchange via a secondary listing on Monday, Anglo American confirmed, after it completed its demerger.
Nickel spot prices were higher the last month. Critical Raw Materials Act: EU funds 47 raw materials projects, includes 12 nickel projects. Nickel market news - Indonesia's nickel boom is forcing its own smelters to shut down. China to add cobalt, copper, nickel & lithium in boost to state metal reserves. Nickel company news - Vale produced 160kt of nickel in 2024, down from 165kt in 2023. Jinchuan Group International Resources issues a negative profit warning.
Anglo American has begun a consultation process in the United Kingdom and South Africa to cut jobs, amid a broader restructuring aimed at refocusing its operations on copper and iron ore mining, a spokesperson said on Thursday.
Anglo American: Disposal Ongoing With More Value To Come