Anglo exits coal in $3.9B Dhilmar sale
Anglo American (LSE: AAL) has agreed to sell its Australian steelmaking coal business to privately held Dhilmar for as much as $3.875 billion (C$5.3 billion), completing its exit from the…
Peabody Energy
Peabody nixes $3.8B Anglo coal deal
Anglo American’s (LSE: AAL) efforts to streamline its business have hit a major roadblock after Peabody Energy (NYSE: BTU) scrapped a $3.8-billion (C$5.27-billion) deal to acquire its Australian metallurgical coal…
Anglo American sells coal mines to Peabody for US$3.8B
The move is the first of four big asset divestments Anglo announced in May, after it fought off a $49bn hostile takeover attempt from BHP.
Anglo American sells Australian coal JV stake for $1.5B
Anglo American (LSE: AAL) has agreed to sell its minority stake in an Australian coal mining joint venture for A$1.6 billion ($1.5 billion), marking a significant step in its strategy…
US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
US markets rise, Jan. 31-Feb. 7: Arch Coal, Peabody Energy, Alcoa; Lithium Americas
The Dow Jones Industrial Average rose 3.0% to 29,102.51 and the S&P 500 advanced 3.17% to 3,327.71. Spot gold fell US$18.50 per oz. to finish the trading week at US$1,570.00…
US markets end in positive territory, Oct. 15-19
The Dow Jones Industrial Average rose 0.41% to 25,444.34, while the S&P 500 Index rose 0.02% to 2,767.78. Spot gold rose 0.74% to US$1,226.50 per oz. gold. Coal producers in…
US markets up, Sept. 17-21
The Dow Jones Industrial Average jumped 2.25% to 26,743.50 and the S&P 500 Index rose 0.85% to 2,929.67. New York spot gold increased 0.47% to US$1,198.70 per oz. gold. Rio…
Top 10 US-based mining companies
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies. 1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate…
US markets dip, May 14-18
Gold closed at US$1,291.9, down 2% over the previous trading week, as U.S. markets slipped. The Philadelphia Gold and Silver Index fell 2.14% to 82.06, and the Dow Jones Industrial…