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Miners brace for new leadership in 2021

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Ivan Glasenberg, the CEO of Glencore International.
Ivan Glasenberg, the CEO of Glencore International.
Sergei Bobylev\TASS via Getty Images

The outlook for some of the JSE’s largest mining shares by value in 2021 may have more to do with as yet unnamed management, rather than the incumbents.

That’s because a permanent change of management is imminent for two of the bourse’s largest gold companies – AngloGold Ashanti and Gold Fields. Glencore, the Swiss-based mining and mineral-marketing behemoth, announced a new CEO during the first week of December. A fourth company, Rio Tinto, is still waiting on the appointment of a new CEO.

The question of who might best fit the corporate mould in these companies also poses questions with equal relevance for the industry at large, especially as the ‘shocks’ of 2020 become part of investment consciousness in 2021. Here’s finweek’s take on what to expect for the mining industry next year, as seen through the lens of executive appointment.

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