Anglo American shrinks trading unit as part of major restructuring
The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.
The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.
The resource totalled 909 million tonnes grading 0.53% copper equivalent in the measured and indicated categories.
Industry leaders have pushed for two pricing structures for several years.
The hybrid power station is expected to reduce greenhouse gas emissions by about 60,000 tonnes of CO2-equivalent.
It achieved a lithium recovery rate of about 95% from the brine, with a total recovery of 88%.
The global lead market has bifurcated since the start of June, with Shanghai prices significantly outperforming that of the LME.
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
The proceeds will primarily go to the McIlvenna Bay copper and Bigstone copper-zinc projects.
The Gediktepe mine marks the beginning of ACG's global copper consolidation strategy.
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.