All very costly for Anglo - lost production, lost profit, cost of maintenance - I wonder if this was one of the reasons why BHP pulled out, because it's cheaper to develop their own copper assets. Now Anglo has to disclose the extent of their predicament all when copper is in more demand, that's a big hit to the bottom line and AA shareholders may not be happy they rejected the BHP offer?
With only four copper mines, Anglo American has an established presence in the world’s top copper producing countries, Chile and Peru:
- Los Bronces: Is one of Anglo American’s two largest copper operations and its flagship operation, located in Chile’s central zone. The asset has been mined for over 150 years and is running out of high-grade ore. Anglo, with a 50.1% stake, is currently in the midst of a $3 billion planned expansion, that will allow the miner to tap higher grade ores from a new underground section. The mine-life will also be extended through 2036. It produced 215,500 tonnes of copper last year, down by 20% from 2022 levels due to lower ore grades.
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- News: BHP UPDATE 2-Anglo American expects 30% drop at key Chile copper mine in 2025
All very costly for Anglo - lost production, lost profit, cost...
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Mkt cap ! $207.5B |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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40.900 | 9149 | 2 |
40.910 | 14025 | 2 |
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