The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
Showers early. Partly cloudy. Cool.
Anglo American reported that De Beers' diamond production decreased by 14% in the third quarter due to planned mine closures and weaker market demand.
Anglo American, the company that grew to be South Africa’s biggest during apartheid, says it’s ready to invest in the country again.
The bearish sentiment in Tencent has not spared Naspers on the JSE which is also under a sharp sell-off. In today’s session Naspers slumped 6.47% to close at R2656.98 per share.
The sale of the project to Seriti Resources, Coalzar, and the Industrial Development Corporation will help complete Anglo’s exit from operations that sell coal in South Africa.
Anglo American is facing a showdown with its biggest investor, PIC which wants the miner’s prized platinum assets included in any divestment of its local operations.
A rally in Anglo American has pushed its stock above £10 for the first time in over a year after a rebound in commodity prices and cuts in its debt brought it back from the brink.
The six companies that are members of the Occupational Lung Disease Working Group want leave to appeal against a class action certification judgment.
Anglo American Platinum and the Association of Mineworkers and Construction Union, who are preparing for new labour talks agree they don't expect major interruptions.
The court finding enabling a silicosis class action suit against 32 SA miners does not represent a view on the merits of their case, caution the companies.
De Beers has increased diamond sales at its third offering this year in a sign of recovering demand for rough gems after a slump last year.
Nolitha Fakude was announced as the new management board chair in South Africa last week. Fakude also served on the board of South African Airways, where she resigned last year.
Anglo American Plc will dig more platinum than expected this year, while diamond production from its De Beers business will be at the top end of its guidance range.
If the mining industry gets clarity on the SA government's plans, it can determine the best way forward, says AngloAmerican CEO Mark Cutefani.
Former workers who have contracted deadly lung diseases in South African gold mines decades ago may soon finally receive compensation.
When a firms quadruples in value over nine months, it’s unusual for the biggest investors to say management has the wrong strategy.
Brian Molefe came out guns blazing at Eskom's full-year results presentation, aiming at Anglo American and speaking his mind on banks closing Gupta accounts, BEE and nuclear power.
Eskom believes that the coal supplied by Anglo American's New Denmark Collier is far too expensive,
The Treatment Action Campaign and SECTION27 have welcomed the judgment handed down in the silicosis class action case against mining companies.
Anglo American has agreed to sell its niobium and phosphate businesses to China Molybdenum for $1.5bn in cash in its first big disposal.
Anglo American recently announced that it will cut around 4 000 jobs at its Sishen mine in Kathu, Northern Cape. finweek considers why development dependent on natural resources can be ruinous.
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