Latest News & Developments
anglo american
UPDATE: Former Global Strike Security employees released on R30,000 bail following R6. 3million fraud allegations
A former director and two payroll administrators linked to a R6. 3 million fraud scandal at Anglo American Platinum have each been granted R30,000 bail by the Mahwelereng Magistrate’s Court.
R6. 3 million Security Scam: Global Strike employees busted for defrauding Anglo American Platinum
Three Global Strike Security Company employees have been arrested by the Hawks for allegedly defrauding Anglo American Platinum of more than R6. 3 million.
Rare 1902 gold Veldpond to be auctioned at Bassani’s Auction House
On 27 April, collectors and history enthusiasts can bid on the rare 1902 Gold Veldpond at Bassani’s Auction House, a coin revered as the ‘holy grail’ of South African coins, alongside other valuable numismatic pieces.
Former Anglo American suiter, BHP, expects to benefit from Trump-induced global turmoil
BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.
Anglo American and Codelco forge partnership to boost copper production
Anglo American signs memorandum of understanding Chilean state-owned mining company Codelco for a framework to implement a joint mine plan for the two companies’ respective, adjacent copper mines of Los Bronces and Andina in Chile.
Anglo American's strategic divestment: Nickel business sold to MMG Singapore
Anglo American plc (“Anglo American”) announced in a statement on Tuesday that it has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources for up to $500 million (R9. 2 billion).
Amplats pays R3 per share final dividend despite 40% plunge in earnings
Anglo American Platinum paid a final dividend of R3 per share for the full year to December 2024, sweetened by a R59 per share payout related to its demerger from Anglo American, despite a 40% plunge in headline earnings per share.
Anglo American outlines June timeline for Platinum demerger
Anglo American said on Monday that it has made significant progress on its demerger of Anglo American Platinum Limited.
Shares in Amplats dip 2% on JSE as demerger from Anglo American gathers momentum
Anglo American Platinum's planned demerger from its parent company is set for completion by June 2024, amid expectations of significant earnings decline.
Anglo American, De Beers and Sasol partner on 400m litre mining biodiesel project
Three of South Africa's largest mining and energy companies have joined forces in a landmark agreement to produce up to 400 million litres of biodiesel from mining-degraded land, potentially reducing carbon emissions by 90% while creating new employment opportunities.
Anglo American ICT programme sparks solar and construction success for Limpopo businessman
Lethaba Madima transformed his Anglo American ICT learnership experience into a thriving multi-sector business, creating jobs and opportunities in Musina, Limpopo
De Beers capitulates on diamond strategy with big price cuts
De Beers has cut diamond prices by more than 10% across the board.
Anglo American eyes Amplats demerger after R88bn windfall from coal assets disposal
After recently announcing the disposal of Queensland, Australia-based coal miner Jellinbah for approximately $1. 1bn, Anglo American yesterday said it had reached agreements for Peabody Energy to take over its steelmaking coal mines in Australia.
Anglo picks US company for $3. 8bn disposal of Aussie steel-making coal assets
The London and Johannesburg listed resource group is re-jigging its structure by disposing of some assets.
Anglo American exits steel coal mining with Australian sale
The deal is expected to close in the third quarter of next year, subject to regulatory approvals
Anglo American sells 55 Marshall Street to support Johannesburg CBD renewal
The sale of the building will support urban renewal and sustainable development in Johannesburg’s CBD.
Anglo American divests $1. 1bn stake in Australian coal mines
This strategic divestment follows Anglo American’s plan to streamline operations, which now include systematic exits from its platinum group metals, diamonds, and steelmaking coal sectors.
BHP keeping options open for new Anglo American bid after SA visit
BHP senior executives recently visited South Africa, reportedly meeting shareholders in Anglo American. This fuelled speculation that the company was lining up another bid before the lapse of another opportunity provided by London listing rules at the end of November.
BHP says door still open for Anglo American deal
BHP said that the statements did not constitute an intention not to fulfil another offer provided for under London listing rules.
Dr Trevor Ngwane | Tito Mboweni was ‘no friend of the working class, poor’
Was Tito Mboweni a good person? Did his deeds benefit the masses? What will the history books say about him many years into the future?
AngloGold Ashanti broadens Africa exposure with acquisition of Egyptian mine
Market analysts said the acquisition was a significant merger transaction in the gold sector which has been awash with merger activity in the past few years.
BHP pays $2. 1bn for new copper assets in South America
BHP has been on the lookout to bolster its copper ambitions. In May, Anglo American rejected BHP’s takeover offer.
The importance of long-term data to improve mathematics proficiency in SA
Monitoring of 15-year maths education enhancement programme shows positive results
Watch: Anglo American’s earnings, interim dividends dive as it pushes divestments
‘We are transforming Anglo American by focusing on our world-class asset base in copper, premium iron ore and crop nutrients, thereby accelerating the recognition of value inherent in our business,’ said Wanbald.
A major fall in Amplats profits and 3,700 job losses
The first half of the financial year has hit the platinum mining sector hard, with almost 4,000 job cuts from Amplats alone.