Latest News & Developments
BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.
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 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).
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 said on Monday that it has made significant progress on its demerger of Anglo American Platinum Limited.
Anglo American Platinum's planned demerger from its parent company is set for completion by June 2024, amid expectations of significant earnings decline.
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.
Lethaba Madima transformed his Anglo American ICT learnership experience into a thriving multi-sector business, creating jobs and opportunities in Musina, Limpopo
De Beers has cut diamond prices by more than 10% across the board.
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.
The London and Johannesburg listed resource group is re-jigging its structure by disposing of some assets.
The deal is expected to close in the third quarter of next year, subject to regulatory approvals
The sale of the building will support urban renewal and sustainable development in Johannesburg’s CBD.
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 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 said that the statements did not constitute an intention not to fulfil another offer provided for under London listing rules.
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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 has been on the lookout to bolster its copper ambitions. In May, Anglo American rejected BHP’s takeover offer.
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‘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.
The first half of the financial year has hit the platinum mining sector hard, with almost 4,000 job cuts from Amplats alone.
The London and Johannesburg-listed resource firm today announced that it had entered into agreements for the disposal of iron ore royalties in Australia and gold as well as copper ones in Chile.
Anglo American CEO Duncan Wanblad said yesterday the company was pursuing its new strategy “by simplifying the portfolio and focusing on world-class assets in copper, premium iron ore”, and crop nutrients.
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