ARTICLES RELATING TO ANGLO AMERICAN

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.

Amplats warning as Anglo review looms

2013-01-14 14:09

Anglo Platinum says it plunged to a loss in 2012 because of illegal strikes, days ahead of a review by its parent which could stoke tensions by cutting jobs.

Analysts welcome Cutifani appointment

2013-01-08 10:23

Mining executive Mark Cutifani has been appointed CEO of Anglo American, taking on what analysts and investors say is one of the toughest jobs in the business.

Anglo shares down on UBS downgrade

2012-12-14 11:30

Shares of Anglo American fell after UBS downgraded its rating and cuts its earnings forecasts, citing country risk and expectations of lower production.

Carroll lifts veil on SA mining

2012-12-06 13:21

In an exclusive interview with Fin24, Cynthia Carroll shares forward looking insights into South Africa’s mining sector, Anglo American and herself.

Amplats business review due in New Year

2012-11-26 11:26

The world's top platinum producer says the results of its business review, widely expected to lead to shaft closures and job cuts, will be published early next year.

Lafarge and Anglo sell assets to Mittal

2012-11-16 14:52

Lafarge and Anglo American have agreed to sell their UK assets, a condition set by Britain's Competition Commission to allow the combination of their activities.

New offer for Amplats strikers

2012-11-14 09:02

A labour leader says Amplats has made a new wage offer that could end two months of wildcat strikes that have cost the firm R2.2bn in output so far.

Minas Rio unlikely to cost less than $8bn

2012-11-13 12:32

Anglo American has raised the estimated cost of its Minas Rio iron ore project, telling investors it will most probably cost at least $8bn.

Amplats miners: We'd rather die

2012-11-11 16:54
81 comments

Thousands of Amplats miners have rejected a once-off allowance of R4 500 if they return to work, saying they'd rather die than accept anything less than R16 500.

 

Strike fears as NUM seeks 60% pay hikes

2013-05-19 21:02
87 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
134 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.

Anglo's Cutifani to head Anglo American

2013-01-08 08:31

AngloGold Ashanti CEO Mark Cutifani is stepping down to take over as the head of global mining firm Anglo American, the gold producer says.

Anglo American sells 70% stake in Amapa

2013-01-04 09:55

Global mining giant Anglo American says it has sold 70% of its stake in the Amapa iron ore operation in Brazil to Zamin Ferrous.

Anglo, Rio Tinto sell stakes in Palabora

2012-12-11 15:17

Copper miner Palabora Mining says a consortium of South African and Chinese parastatals would buy a 74.5% stake in it from Rio Tinto and Anglo American.

Carroll: Every single life lost killed me

2012-12-05 09:45

Cynthia Carroll, Anglo American CEO, recalls how she suddenly decided to shut Amplats's unsafe mining shafts, an event that will be the hallmark of her leadership.

Anglo sells Scaw South Africa for R3.4bn

2012-11-26 09:42

Global mining company Anglo American has sold steelmaker Scaw to an investment consortium led by the state-run development group, the IDC.

Anglo needs a dealmaker CEO

2012-11-14 13:44

Anglo American needs a dealmaker chief executive to unlock value, someone who can think the unthinkable.

Tough times ahead for new Anglo CEO

2012-11-14 07:27

Anglo American's bad news day has highlighted the challenges for new CEO, with analysts saying it is difficult to see light at the end of the tunnel.

Investors dump Anglo

2012-11-13 12:30

Shares of Anglo American tumbled after the company raised the estimated cost of its Minas Rio iron ore project, saying it was likely to cost more than $8bn.

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