With the prospect of a takeover in sight, Anglo American’s first South African chief executive in 15 years is tasked with unlocking value from the global mining company
An international forum draws strength from worldwide protests against extraction
The gold miner is interested in buying troubled platinum operations but has found Anglo American to be moving at a slower-than-anticipated pace.
Standard Bank say nine more poorly performing assets could be put up for sale by Anglo as it prepares to report its first-half earnings.
The chief executive of Anglo American plans to double profitability in the company after shedding low-income operations.
The diamond mining company, which saw returns of 10% return on capital, has been tasked by its parent company to deliver 15% by 2016.
The mining giant is pleased with the performance of its copper operations but has maintained output forecasts for fear of setbacks.
The market waits with caution to see what Anglo American pulls out of the hat.
Randgold Resources head Mark Bristow says Anglo American’s Mark Cutifani will certainly lose a bet that its DRC mine won’t produce gold this year.
Anglo American is prepared to be opportunistic in pursuing acquisitions even as falling commodity prices force the mining industry to cut spending.
SA’s mining industry could see sustained job losses over the next 10 to 20 years as greater mechanisation and new mining techniques are introduced.
Mark Cutifani, head of AngloGold Ashanti will replace outgoing chief executive Cynthia Carroll at the helm of mining giant AngloAmerican.
AngloGold Ashanti has become the 49th business partner to join Eskom’s energy efficiency drive, 49M.
AngloGold Ashanti will sell its Tau Lekoa mine as well as the adjacent Edgenoeg and Weltevreden project areas to smaller miner Simmer & Jack mines.
South Africa’s AngloGold Ashanti, the world’s third biggest gold producer, said on Friday it planned to raise R13,48-billion through a rights offer of new stock. The mining group…
