Latest news with #AAL.L
Reuters
10-04-2025
- Business
- Reuters
Copper output from Chile's Codelco slips 6% in February
SANTIAGO, April 10 (Reuters) - Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons. Codelco is the No. 1 miner of the red metal globally, but has struggled to boost declining output in recent years. Meanwhile production at BHP's ( opens new tab Escondida mine, the world's largest copper mine, leaped 16%, climbing to 113,400 tons. At Collahuasi, another major copper mine jointly run by Glencore (GLEN.L), opens new tab and Anglo American (AAL.L), opens new tab, output slid 62% to just 17,000 metric tons. Anglo American's Chile head, Patricio Hidalgo, told Reuters earlier this week that the firm expected output at the mine to be skewed toward the second half of the year. "Due to the stage in the mine's life cycle, development in 2025 was going to focus on minerals, which contain less copper," he said.
Reuters
20-02-2025
- Business
- Reuters
Anglo American posts $3.1 billion loss on writedowns
LONDON, Feb 20 (Reuters) - Anglo American (AAL.L), opens new tab said on Thursday it suffered a loss of $3.1 billion after taking impairment losses of $3.8 billion, mostly due to its ailing diamond unit, as it races to refocus the miner into a major copper producer following a bruising takeover battle from BHP ( opens new tab last year. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
