Codelco, Anglo secret talks ‘failed’
Two months of secretive talks between Codelco and Anglo American have failed to resolve a stake option dispute, so a legal battle is for now the only way forward, says Codelco's CEO.
BHP, Rio approve $4.5bn Escondida expansion
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5bn expansion of the massive Escondida mine in Chile.
BHP Billiton sells out of Richards Bay Minerals
BHP Billiton is selling its stake in titanium producer Richards Bay Minerals to partner Rio
Tinto; a move that is part of its strategy to exit the titanium sector which it deems
non-core.
Vedanta’s Konkola settles on 17% pay hike
Konkola Copper Mines, the Zambia miner owned by Vedanta Resources Plc, has awarded its workers a 17% pay increase, says a union official.
Anglo seeks Codelco talks as pressure piles up
Anglo American has urged Chile's Codelco to seek a negotiated deal to settle the
dispute over Anglo American Sur, labelling a criminal probe into the matter as
"completely inappropriate'.
Anglo to face criminal probe in Chile
Chilean prosecutors have launched a criminal investigation into Anglo American's sale
of a 24.5% stake in a local subsidiary to Japan's Mitsubishi.
Anglo, Codelco trade more blows over Sur
Codelco has described the deal between Anglo American and Japan’s Mitsubishi over
Anglo American Sur as "illegal,' following the release of the sales contract.
Anglo American releases Mitsubishi contract
Anglo American has released four documents relating to the sale of shares in Anglo
American Sur to Mitsubishi, denying the contract contains any means to change the
deal.
Barclays sees copper prices averaging $9,000
Barclays Capital expects copper prices to rise by around 10% from current levels, while gold prices are projected to climb above $2,000 an ounce by the third quarter.
Anglo ordered to release Mitsubishi contract
Anglo American is on the back foot in its dispute with Codelco as a Chilean court orders it to release the sale contract signed with Mitsubishi over a stake in Anglo American Sur.