Anglo American Share News (AAL)

Freeport's Kathleen Quirk becomes CEO as global copper demand surges

June 11 (Reuters) - Copper giant Freeport-McMoRan officially installed Kathleen Quirk as its next CEO on Tuesday, making her the highest-ranking woman ever in the mining industry at a time of surging demand for the red metal used across the global economy.

LONDON BROKER RATINGS: Morgan Stanley cuts Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

LONDON MARKET OPEN: FTSE 100 up; UK unemployment rises to 4.4%

(Alliance News) - Stock prices in London opened higher on Tuesday, after a difficult day for markets on Monday amid the EU election fallout.

Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair

(Alliance News) - Gemfields Group Ltd announced on Tuesday that former De Beers boss Bruce Cleaver will become its new chair from next month.

LONDON BRIEFING: FTSE 100 called up despite unemployment rise

(Alliance News) - The FTSE 100 in London was called to open higher on Tuesday, after data showed that unemployment in the UK unexpectedly rose.

IN BRIEF: Tertiary Minerals starts exploration at Zambian project

Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and Northern Europe - Announces the start of exploration operations at its Mupala copper project in the Kabompo Dome in Zambia. Notes the project is located adjacent to the Anglo American/Arc Minerals joint venture project, where Anglo American has a right to earn a 70% interest through expenditure of USD88.5 million, and 12 km west of the company's Mukai project. Expects work to start this week with reporting of provisional results upon completion. Executive Chair Patrick Cheetham says: "Momentum is now building for our current exploration season. Drilling is in progress at Konkola West with KoBold Metals and Mwashia Resources and we announced last week the consolidation of three additional projects into our new subsidiary, Copernicus Minerals, where drilling plans are also being advanced."

Copper output from Chile's Codelco slides 6% in April

SANTIAGO, June 7 (Reuters) - Copper production from Chile's state-run miner Codelco, the world's largest producer of the metal, dropped 6.1% in April compared to the same month last year to total 95,100 metric tons, data from copper commission Cochilco showed on Friday.

Botswana may raise De Beers stake as Anglo weighs spin-off

JOHANNESBURG, June 6 (Reuters) - The Botswana government may raise its shareholding in global diamond miner De Beers, President Mokgweetsi Masisi told JCK News, after parent company Anglo American said it plans to spin off or sell the business.

Foreign takeovers of UK firms hit four-year low in early 2024

(Alliance News) - British firms saw a sharp decrease in takeover deals by foreign companies in the last quarter, the Office for National Statistics (ONS) said.

Canada's Taseko shares fall 8% after strike at Gibraltar mine

TORONTO, June 3 (Reuters) - Shares of Canadian copper miner Taseko Mines fell 8% on Monday on the Toronto Stock Exchange as the company suspended operations at its Gibraltar mine after workers called a strike over the weekend.

Sunday newspaper round-up: Copper, Boeing, OPEC+

(Sharecast News) - Analysts believe that copper prices might fall sharply if the US central bank starts lowering interest rates. According to analysts at Liberum that is because once prices are brought under control and the Fed starts cutting rates the metal will lose its attractiveness as an inflation hedge. An increasing number of analysts also believe that an increased need for copper on account of the green revolution has already been priced in. - The Financial Mail on Sunday

Botswana's Debswana diamond sales fall 48% in first quarter

GABORONE, May 31 (Reuters) - Debswana Diamond Company's rough diamond sales fell 48.3% in the first quarter of 2024, data released by Botswana's central bank showed Friday, as the sluggish market conditions faced in 2023 continued into the beginning of the new year.

Take Five: Cool jobs at last

May 31 (Reuters) - The start of a new month can mean only one thing for investors: time for the all-important monthly U.S. employment report, but also for a likely European Central Bank rate cut, as well as the outcome of India's marathon general election.

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

LONDON, May 30 (Reuters) - Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, Chief Executive Duncan Wanblad said on Thursday.

South African inflation risks ease but no rate cut yet

South Africa's central bank keeps repo rate unchanged

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