Anglo American plc (LON:AAL) noted the announcement by De Beers Group about the agreement reached by De Beers Canada to acquire 100% of the outstanding securities of Peregrine Diamonds Ltd (TSX: PGD), owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 million (approximately US$81 million).
Anglo American plc – De Beers agreement to acquire Peregrine Diamonds
- Written by: Charlotte Edwards
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Anglo American has reported a strong third quarter for 2025, with solid performances in copper and iron ore driving results. Copper output rose 1% year-on-year to 184,000 tonnes, supported by higher grades at Quellaveco and Los Bronces, while Minas-Rio’s iron ore guidance was raised to 23–25 Mt following a successful pipeline inspection.
Anglo American plc has stated that Teck Resources’ updated operational outlook is consistent with its due diligence, confirming the strategic rationale and expected synergies of their planned merger.
Anglo American and Codelco have signed a definitive agreement to coordinate operations at Los Bronces and Andina in Chile. The joint mine plan is expected to deliver an extra 2.7 million tonnes of copper over 21 years from 2030, lowering costs by around 15% and generating at least $5 billion in pre-tax value, shared equally between the partners.
Anglo American and Teck will combine in a merger of equals to form Anglo Teck, expected to provide more than 70% copper exposure and deliver US$800 million in annual pre tax synergies. A further average underlying EBITDA uplift of US$1.4 billion per year is targeted from 2030 to 2049 via Collahuasi and Quebrada Blanca integration.
In Q2 2025, copper production reached 173 kt, down 11% year‑on‑year but up 3% quarter‑on‑quarter, iron ore output rose 2% to 15.9 Mt and manganese surged 109% after operations resumed.
Anglo American PLC has appointed Tom McCulley as Technical Director, succeeding Matt Daley, who is transitioning to a new executive role.
