ARTICLES RELATING TO ANGLO AMERICAN

Anglo American seeks compensation

2014-04-13 13:00

Anglo American is seeking compensation from Venezuela over the 2012 cancellation of mining concessions by late president Hugo Chavez's government.

De Beers places bets on Angola mines

2014-03-25 10:19

The world's largest diamond miner by market value hopes to obtain a concession to explore in Angola by the end of this year, says De Beers chief executive.

Anglo American's ore output rises

2014-01-30 12:57

Anglo American 's iron ore production picked up more than expected in the fourth quarter, recovering from trouble at the division's largest mine.

Cutifani: Kumba must get its act together

2013-11-06 11:46

Anglo American CEO Mark Cutifani says in terms of current estimates Anglo's net debt will be about $16bn next year - more than the $14bn promised earlier.

Mines must act now over silicosis - lawyers

2013-09-25 19:17

Gold mines need to establish an industry-wide settlement scheme for silicosis victims following a deal with Anglo American, say the mineworkers' lawyers.

Africa's top coal port expands capacity

2013-08-28 15:20

Africa's biggest coal export port is to be expanded in a $192m investment designed to help smaller South African mining companies send their output abroad.

Amplats job cuts: NUM feels betrayed

2013-08-20 10:15

Companies and unions are locking horns in what could be the toughest ever talks over wages in the South African mining industry.

Coal prices rise on strike talks

2013-08-13 15:08

Coal has been trading higher for the first time in six weeks, as unions declared a wage dispute and buyers stocked up ahead of winter.

Silicosis suit: Anglo not yet off hook

2013-07-25 14:45

Gold miners have vowed to take their silicosis lawsuit against Anglo American to South Africa's courts, after a UK court refused to hear their case.

Amplats warns on unrealistic wage demands

2013-07-24 13:45

Amplats, the world's top platinum producer, has warned it could not afford "unrealistic" wage rises, as it continues to battle loss-making mines.

Many mineworkers die poor, says Holomisa

2013-06-18 07:00

Mining firms such as Anglo American and BHP Billiton should transfer some of their mining rights to the people, says UDM leader Bantu Holomisa.

JSE hit record high on weaker rand

2013-05-21 11:38

The JSE Top 40 blue-chip index has hit a lifetime high as a weaker rand currency helped boost some exporters such as Anglo American and Kumba Iron Ore.

Shocked miners plan next Amplats move

2013-05-10 18:11

Mine workers at Amplats say they didn't expect any job cuts after the company announced its plans to axe 6 000 jobs, more than half down from the initial 14 000.

Miners won't stand for Amplats job cuts

2013-05-09 16:01

Mineworkers are threatening to bring Anglo Platinum operations to a halt, even if retrenchments are scaled back to 5 000 from the initial 14 000.

Glencore boss on acquisition trail

2013-05-02 09:03

After years of on-off talks, months of brinksmanship and bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30bn acquisition of Xstrata.

Anglo won't dump SA, Cutifani assures

2013-04-22 18:14

Anglo American remains committed to South Africa, despite challenges in the mining industry, says CEO Mark Cutifani.

Mining stocks shine after sell-off

2013-04-19 12:07

The JSE mining index gained more than 2% as mining companies rebounded after a week-long sell off.

Bonds softer on mine strike jitters

2013-03-13 12:50

The South African bond market was softer in midday trade on the back of foreign investors' nervousness about continuing mine strikes.

Sick miners file suit against Anglo

2013-03-07 12:36

Lawyers representing gold miners suffering from the deadly lung disease silicosis have filed a class action lawsuit against the SA arm of mining giant Anglo American.

Kumba profit falls in line with forecasts

2013-02-12 08:38

Kumba Iron Ore has posted a 28% drop in full-year earnings, hit by lower export prices, rising costs and an illegal strike at its Sishen mine.

Anglo takes $4bn hit on Minas Rio

2013-01-29 11:02

Anglo American will take a $4bn writedown on its Minas Rio iron ore operation in Brazil after delays and cost overruns forced it to increase expenditure on the project.

Tsvangirai: Don't erode faith in Africa

2013-01-23 11:00

Zimbabwe’s Prime Minister Morgan Tsvangirai says issues which undermine investment such as the mining turmoil in SA are not in the continent's best interests.

Anglo American shares slide

2013-01-16 10:57

Anglo American shares are down 4%, hit by worker unrest at its platinum mines which analysts warn could hamper an overhaul effort aimed at reversing losses there.

 

Amcu strike's financial cost 'not full story'

2014-03-27 08:59

Platinum mining CEOs say Amcu's strike is also impacting local businesses and communities, while Lonmin has asked non-striking staff to take leave to cut costs.

Strike-hit Amplats suing union

2014-02-15 22:59
109 comments

Mining giant Anglo American says it is suing a trade union for damages and losses suffered over the past three-week work stoppage.

Anglo vows to live up to Madiba's legacy

2013-12-06 08:52

Anglo American chief executive Mark Cutifani says without Nelson Mandela's legacy, South Africa would not have become the thriving country it is today.

Anglo American SA agrees on silicosis claims

2013-09-26 11:54

Anglo American South Africa has agreed on the settlement of stand-alone silicosis claims.

Anglo: Sick miners' settlement a win for all

2013-09-25 14:11

A settlement between Anglo American and former miners who had contracted silicosis while working for the company benefited all parties, the miner says.

Ramphele: Govt stealing from the poor

2013-08-21 22:19

The ANC government is abusing its power and has been stealing from impoverished people for over two decades, says Agang SA leader Mamphela Ramphele.

Anglo appoints CEO of copper business

2013-08-16 13:23

Global miner Anglo American says it has appointed Hennie Faul, currently group head of mining, as chief executive of its copper business.

New Anglo CEO to cut costs as profit dips

2013-07-26 11:30

Anglo American has vowed to slash spending and boost cash flow by $1.3bn a year by 2016 as it reported a 15% drop in first-half profit, says CEO Mark Cutifani.

No quick fix for Anglo's new boss

2013-07-24 19:40

Now that Anglo American's new boss has been four months on the job, investors are betting his plans will include cost cuts.

NUM set for De Beers strike

2013-07-05 12:48

The National Union of Mineworkers says its members will down tools at De Beers after wage talks reached a deadlock.

Senators urge Obama to block Alaska mine

2013-06-10 19:44

Five Senate Democrats are calling on US President Barack Obama to consider blocking construction of a copper mine in Alaska.

Strike fears as NUM seeks 60% pay hikes

2013-05-19 21:02
79 comments

The intention of the National Union of Mineworkers to seek pay hikes of between 15% and 60%, has reignited fears of last year's deadly mine strikes.

Amplats revises job losses to 6 000

2013-05-10 12:19

Top global platinum producer Amplats has announced it will cut 6 000 jobs at its South African operations, in a move that risks a new wave of labour unrest.

Tension as Amplats to unveil jobs plan

2013-05-09 09:33

Amplats, under pressure from the government, is to sharply scale back job losses as it tries to balance out cost cuts and the threat of labour unrest.

Randgold investors reject CEO's $4m award

2013-04-30 10:20

Investors in Africa-focused gold miner Randgold Resources have staged a rebellion against a $4m share award for the company's boss.

CEO: SA critical to Anglo American

2013-04-22 10:26

Gold mining company Anglo American remains committed to South Africa in spite of various challenges in the industry, a report says.

Anglo recovers from damaging strikes

2013-04-19 09:58

Production of miner Anglo American's key commodities has edged higher in the first three months of the year, with iron ore rebounding from the strike at Kumba.

Anglo American halts Revuboè acquisition

2013-03-28 15:50

Anglo American says it has decided not to proceed with the acquisition of a 58.9% interest in the Revuboè metallurgical coal project in Mozambique.

Anglo American profits tumble

2013-02-15 09:39

Global miner Anglo American has posted a sharp drop in 2012 earnings, hit by plummeting earnings from core units and writedowns of its troubled platinum assets.

Global miners to act as profits plunge

2013-02-12 13:00

Global mining firms are set to unveil their biggest profit-falls in more than a decade and are clearing the decks with multi-billion-dollar writedowns.

Anglo: Government threats out of order

2013-02-07 11:41

Anglo American's new CEO Mark Cutifani has slammed government's threat to review mining licences made after Amplats said it would cut 14 000 job cuts.

Strikes take toll on Anglo output

2013-01-25 09:31

Anglo American has posted a drop in fourth-quarter production of platinum and iron ore, when it was hit by strikes that battered the mining sector last year.

Anglo 'stole our money' - Mantashe

2013-01-22 12:26
125 comments

ANC secretary general Gwede Mantashe has slammed mining firm Anglo American, saying it had 'stolen our money' and listed on London's Stock Exchange.

Kumba forecasts drop in profit

2013-01-16 08:50

Kumba Iron Ore, a unit of Anglo American, says its full-year profit likely fell by about a third, hit by lower export prices and an illegal strike at its main mine.

 
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