Anglo CEO warns extreme weather threatens global mine supplies. mining miningnews
Those setbacks are exacerbating already tight supplies in several metals and minerals, at a time when demand in top consumer China is expected to rebound as the country emerges from Covid-19 lockdowns.Anglo last year warned that output in 2023 and 2024 would be lower than previously expected. While the company wasn’t alone — other big producers also had operational disappointments last year — the setbacks marred new chief executive officer Duncan Wanblad’s first year in charge.
Anglo believes it can get back to more consistent operations, but the industry as a whole faces challenges going forward, the CEO said in an interview in Cape Town on Monday. “The effects of climate change are very real and we are seeing it,” Wanblad said. “There were weather impacts on operations, pretty much all over the globe, and I think that will continue to happen.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anglo American CEO urges public-private fix to Transnet crisisTransnet has been unable to meet demand for freight trains to transport iron ore, coal and other commodities.
Read more »
Mining firms rush to develop U.S. lithium deposits, drawing support from Biden but pushback from conservationistsA legal and political fight that is being waged on lands across the western United...
Read more »
Mining Indaba Mailer
Read more »
Zambia’s mining minister expects Mopani Copper Mines deal by end-MarchThere are 10 suitors for the mine and smelter complex, including Sibanye-Stillwater.
Read more »
Elemental Altus inks $5 million royalty deal with First MiningElemental Altus expands N.American royalty presence in $5 million deal with First Mining. miningnews
Read more »
Bitcoin mining report: Feb. 6Bitcoin mining stocks were mostly lower on Monday.
Read more »