Tuesday, July 23, 2013

Kumba elbows ArcelorMittal out of Sishen South iron-ore project

October 28, 2009 by · Leave a Comment 

South Africa’s biggest iron-ore miner, the Anglo American-controlled Kumba Iron Ore, has managed to elbow steelmaker ArcelorMittal South Africa out of its claim to be part of the R8,5-million Sishen South project, which is going ahead at full steam in the Northern Cape. Kumba, headed by CEO Chris Griffith, announced on Wednesday that it had [...]

Anglo to retain stake in De Beers in long-term

October 28, 2009 by · Leave a Comment 

Mining group Anglo American Plc said on Tuesday it plans to retain its 45% stake in De Beers, the world’s top diamond producer, in the long term. "That’s what I am thinking today, yes," Anglo’s chief executive, Cynthia Carroll, said in an interview with South Africa’s Talk Radio 702. Read more….

Anglo to keep De Beers stake for the long term

October 28, 2009 by · Leave a Comment 

Tarmac sale remains on the cards but group clear it will not “give it away” Read more….

Fuel cells to play a big role in Africa – Anglo Platinum

October 28, 2009 by · Leave a Comment 

The group expects commercialisation of the technology within the decade Read more….

Gilbertson, Davis set to ‘turn platinum-mining on its head’

October 27, 2009 by · Leave a Comment 

The introduction of Mick Davis’ Xstrata and Brian Gilbertson’s Pallinghurst would turn the platinum-mining business on its head, RBC Capital Market analyst Leon Esterhuizen predicted on Tuesday. Esterhuizen said that, by their very nature, both Xstrata and Pallinghurst would redefine cost, which would put pressure on both Impala Platinum (Implats), where there is already board [...]

Officials working to keep gold Staffordshire treasure in Midlands

October 26, 2009 by · Leave a Comment 

Government and council agencies have formed an agreement to raise cash to ensure the Staffordshire Hoard of gold Anglo-Saxon artefacts stays in the Midlands. Discovered earlier this year by metal detectorist Terry Herbert, the haul is currently in the temporary custody of the Crown while it is being evaluated by experts, the BBC reports.The news [...]

Australia declares end to China tensions

October 26, 2009 by · Leave a Comment 

Australia declared an end to diplomatic tensions with China on Monday despite differences over the arrest of a Rio Tinto mining executive, and urged Beijing to stay calm when disagreements flare in the media. Australia’s ties with China have been tense for several months after China’s state-owned metals firm Chinalco failed in a bid to [...]

The Golden Road Out of Financial Crisis

October 22, 2009 by · Leave a Comment 

The Daily Reckoning “Who goes borrowing, goes sorrowing.” – Ben Franklin Today’s reckoning is going to be short. We’re on the road again…this time to Ireland where our Family office is headquartered. The quote above comes from one of America’s founding fathers. But it was recalled to us neither by America’s president, nor America’s secretary [...]

Anglo to sell Scaw, newcomer Cockerill to depart

October 22, 2009 by · Leave a Comment 

Diversified mining company Anglo American will sell noncore assets, including Scaw Metals, to focus on its core mining activities, the group announced on Thursday, when it also revealed a management reorganisation, which will see three executives leaving the company. Read more….

Angloplat sticks to FY target despite lower Q3 output

October 22, 2009 by · Leave a Comment 

World number-one platinum-miner Anglo Platinum (Angloplat) on Thursday reported lower third-quarter output, but said that it would still achieve its 2,4-million ounces production target for the 2009 financial year. The South Africa-based platinum company also said that it expected the price of the precious metal to trade at levels above $1 300/oz for the remainder [...]

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