The empire fights back

by David McKay | 04-AUG-10 | 0 comments

In June last year Cynthia Carroll's Anglo American was dead in the water. Twelve months on and it's now being picked as the best investment of its peer group, including giant BHP Billiton. Did Carroll help the firm survive, was it her new chairman John Parker or was it the market, which is making the financial crisis seem a mere blip for commodities? Read >

Anglo American still committed to SA

by I-Net Bridge | 30-JUL-10 | 0 comments

Anglo American, the world's third largest resources group, says it is still committed to South Africa despite the recent challenges its iron ore business Kumba Iron Ore has come up against. Read >

Eskom makes provision for strike

by Dewald van Rensburg | 28-JUN-10 | 0 comments

Power utility Eskom says that it has contingency plans in place, should it face strike action, but unions say they are reluctant to take the striking option. Read >

Eskom transmission unbundling debate rages

by Jan de Lange | 21-JUN-10 | 1 comments

Serious consideration is being given to the possibility of unbundling Eskom's transmission network and making it part of the future independent systems operator. Read >

We're ready for strike - Eskom

by I-Net Bridge | 15-JUN-10 | 3 comments

Power utility Eskom says it is ready should its 16,000 workers decide to go on a strike over wages. Read >

Firms face electricity fines

by Jan de Lange | 08-JUN-10 | 0 comments

The South African government is negotiating new power saving targets with various industries and it warned companies that do not reduce consumption will be punished. Read >

Xstrata halts Australia projects over tax

by AFP | 03-JUN-10 | 0 comments

Swiss-based miner Xstrata has suspended A$586m development spending on two Australian projects, saying a controversial new tax means "neither will be viable". Read >

Mozal spelt 'disaster' for Eskom

by Sikonathi Mantshantsha | 03-JUN-10 | 2 comments

Eskom's financial results would have been catastrophic had the power utility not managed to persuade BHP Billiton to renegotiate the Mozal aluminium smelter contract. Read >

Nkwe sets JSE date, awaits Xstrata decision

by Allan Seccombe | 27-MAY-10 | 0 comments

Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs. Read >

SAfrica's Malema seeks mine nationalisation in 2012

by Reuters | 27-MAY-10 | 0 comments

Julius Malema, the outspoken youth leader of South Africa's ruling ANC, said nationalisation of mines was being discussed by the party's top decision-making organ and could be adopted as policy in 2012. Read >

'Mining sector useless at BEE'

by Troye Lund | 26-MAY-10 | 3 comments

The head of South Africa's junior mining federation, Samda president Bridgette Radebe, slams the "fruitless" implementation of black economic empowerment in the mining sector. Read >

State miner precursor to nationalisation - Malema

by Troye Lund | 26-MAY-10 | 3 comments

A state owned mining company has to be created as a precursor to nationalising the country's mines and mineral wealth, Julius Malema, the leader of the ruling party's youth wing, tells parliament. Read >

SA gets private power

by Jan de Lange | 24-MAY-10 | 0 comments

Eskom has concluded its first agreements to get electricity from private power providers. Read >

Violence marks start of SA transport strike

by Reuters | 10-MAY-10 | 1 comments

Violence marks the start of a transport strike to demand higher wages for workers in bulk rail transport and ports. Read >

De Beers to cut Finch staff by 40 pct

by Reuters | 06-MAY-10 | 0 comments

De Beers is to retrench 350 of the 870 workers at its Finch diamond mine in South Africa. Read >

Union declares De Beers dispute

by Reuters | 03-MAY-10 | 0 comments

South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate. Read >

Gold Fields ups Damang output 20 pct

by Allan Seccombe | 30-APR-10 | 0 comments

Gold Fields is to lift gold output at the Damang mine in Ghana by 20% to 240,000 oz over coming quarters as its strives to reach one million ounces of annual production in West Africa over the next five years. Read >

Anglo sees restrained 2010 growth

by Allan Seccombe | 22-APR-10 | 0 comments

Anglo American warns commodity demand may be restrained in 2010 because of "some significant headwinds" remaining in developed economies, but it hopes to resume dividend payments this year. Read >

Anglo turnaround strategy bears fruit

by Allan Seccombe | 22-APR-10 | 0 comments

Anglo American puts out a set of quarterly production numbers that are better than two of its peers, showing the painful turnaround strategy is starting to pay off. Read >

Angloplat maintains target, sees market deficit

by Allan Seccombe | 22-APR-10 | 0 comments

Anglo Platinum maintains its full-year production target of 2.5 million oz despite a quarter-on-quarter fall in output. It expects the platinum market to show a deficit this year on the back of strong demand. Read >

Eskom admits BHP smelters caused losses

by Jan de Lange | 21-APR-10 | 0 comments

The losses incurred by South African power utility Eskom with its contracts with BHP Billiton ran deeper than just accounting losses on derivatives. Contracts for the South African aluminium smelters are still a way off. Read >

Gold Fields extends South Deep shaft

by Sapa | 21-APR-10 | 0 comments

Gold Fields triggers the deepening of the South Deep ventilation shaft to more than double hoisting capacity and move towards its 800,000 oz/year output by end-2014. Read >

Eskom, BHP reach power deal

by Sapa & Miningmx reporter | 20-APR-10 | 1 comments

Eskom reaches an in-principle deal with BHP Billiton to end a favourable long-term tariff agreement, but efforts to do the same with Anglo American are proving tougher. Read >

Union declares dispute with Xstrata Alloys

by Sapa | 15-APR-10 | 0 comments

Union declares a dispute at Xstrata Alloys Read >

A new plan for troubled State Diamond Trader

by Francois Williams | 15-APR-10 | 0 comments

South Africa's government has developed a new business model for the State Diamond Trader, which has not worked according to expectations. Read >

De Beers extends sight contracts by a year

by I-Net Bridge | 12-APR-10 | 0 comments

De Beers' company, the Diamond Trading Company, extends sightholders' contracts by a year. Read >

Commodity demand outlook is strong

by Allan Seccombe | 08-APR-10 | 0 comments

Xstrata has a bullish outlook for commodity demand, but it tempers this view with a healthy dose of caution, identifying three distinct areas of uncertainty it has to deal with over the next decade. Read >

Weak China copper demand drives surplus

by Reuters | 08-APR-10 | 0 comments

The global copper market showed a supply surplus of 777,000 tonnes in 2009 due to weak demand from economies outside of China, GFMS says. Read >

Anglo nears sale of $1bn zinc business

by Reuters | 07-APR-10 | 0 comments

Anglo American nears the sale of its $1bn-plus zinc businesses. Read >

Change or lose out, Xstrata's Davis warns SA

by Allan Seccombe | 06-APR-10 | 6 comments

Xstrata boss Mick Davis pulls no punches in pointing out faults in the South African mining sector, but says changes being planned could make all the difference and ensure it doesn't miss out on the next commodity price boom. Read >

Angloplat sees a more "moderate" dividend policy

by Allan Seccombe | 29-MAR-10 | 1 comments

Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director. Read >

Dear Ms Carroll

by Jan de Lange | 29-MAR-10 | 0 comments

Are big egos holding others back to collaborate in Anglo American's power generation project, Jan de Lange asks Anglo CEO Cynthia Carroll. Read >

Oh dear, is this an Angloplat own goal?

by Allan Seccombe | 26-MAR-10 | 6 comments

Anglo Platinum takes the unusual step of barring the media from its annual general meeting, immediately prompting a question of why. Apart from large fee increases for its directors there's nothing immediately obvious. Read >

Anglo looks for power solutions

by Jan de Lange | 25-MAR-10 | 0 comments

Anglo American has appointed a top British infrastructure company to conduct a viability study for one of its own power stations in Mpumalanga. Read >

Key Chile copper mines restart after blackout

by Reuters | 15-MAR-10 | 0 comments

Electricity service returns to key copper mines in Chile, but shaky supply could continue to hit mining operations. Read >

African Diamonds spat with De Beers flares

by I-Net Bridge | 11-MAR-10 | 0 comments

African Diamonds accuses De Beers of hiding a sale of its shares. An angry De Beers demands a retraction. Read >

Glencore buys Prodeco back from Xstrata

by Reuters | 05-MAR-10 | 0 comments

Commodity trader Glencore buys back its Prodeco coal mines from Xstrata in a deal thought to be around $2.5bn. Read >

Nationalisation is a non-issue - Zuma

by Jean-Marie de Waal | 24-FEB-10 | 1 comments

Nationalisation seems to be an issue that troubles Julius Malema alone, says President Jacob Zuma. Read >

Gold Fields lowers gold outlook, again

by Allan Seccombe | 23-FEB-10 | 1 comments

Moves to address safety at Kloof mine forces Gold Fields to knock 42,500 oz off its already lowered March quarter production forecast. It now stands at 807,500 oz. Read >

Anglo warns South Africa on power

by Allan Seccombe | 19-FEB-10 | 10 comments

Anglo American holds off major capital decisions in South Africa until it receives guarantees on electricity supplies, says CEO Cynthia Carroll. Read >

Anglo battle-scarred by tough 2009

by Allan Seccombe | 19-FEB-10 | 2 comments

Anglo American is battered by a tough 2009, withholding its dividend over to 2010, laying off more than 23,000 people and seeing a hefty cost jump at one of its key growth projects. Read >

Diamond market to normalise end-2010

by Allan Seccombe | 12-FEB-10 | 0 comments

De Beers expects the diamond market to return to normal business by the end of this year and plots a strategy of opening retail outlets in China, says MD Gareth Penny. Read >

Anglo invests $450m into De Beers

by Allan Seccombe | 11-FEB-10 | 1 comments

Anglo American to pour $450m into De Beers as part of the diamond group's $1bn rights issue to cut debt and inject capital into the company. Read >

Nationalisation? Not in my life time

by Miningmx | 09-FEB-10 | 0 comments

The Miningmx team reflects on the week long Mining Indaba and the launch of the 2010 edition of Rainmakers and Potstirrers. Time: 12:23 Read >

Xstrata pays dividend, upbeat on markets

by Allan Seccombe | 08-FEB-10 | 0 comments

Xstrata is pouring money into organic growth projects and pays out a dividend, showing its belief in the robustness of commodity markets. Read >

Gold Fields acts on falling gold output

by Allan Seccombe | 04-FEB-10 | 1 comments

UPDATED - Gold Fields is talking to the South African mines ministry about "punitive" safety shut downs to prevent the temporary closure of mines as it addresses falling gold production. Read >

SA govt eyes shares in private miners

by Allan Seccombe | 02-FEB-10 | 5 comments

South Africa's cabinet is dicussing plans for the state to buy shares in the country's listed and private companies operating in minerals it considers strategic. Read >

It's time to address the nationalisation of SA mines

by Allan Seccombe | 01-FEB-10 | 1 comments

The unsettling calls for nationalisation of South Africa's mines rings out at a time when mining leaders gather in Cape Town. What will the government do at the event to assure investors their projects are safe? Read >

De Beers to continue driving diamond demand

by I-Net Bridge | 20-JAN-10 | 0 comments

De Beers believes it should continue to drive retail demand. Read >

Gomwe to head Anglo South Africa

by Allan Seccombe | 01-DEC-09 | 2 comments

Anglo American insider Godfrey Gomwe is chosen to become the company's key representative in South Africa. Read >

De Beers investors agree rights issue to cut debt

by Reuters | 01-DEC-09 | 0 comments

Anglo American, the Oppenheimer family and Botswana's government agree to a De Beers' rights issue to up to $1bn towards cutting $4bn of debt in the diamond company. Read >

A tough man for a tough job

by Allan Seccombe | 24-NOV-09 | 0 comments

John Parker, the new Anglo American chairman, is making the tough decisions to get one of the world's largest resources companies back on track. Read >

Fred Phaswana steps down from Anglo

by I-Net Bridge | 16-NOV-09 | 0 comments

Fred Phaswana leaves Anglo American Read >

Parker rings the changes at Anglo

by Allan Seccombe | 04-NOV-09 | 3 comments

Drafting John Parker as Anglo American chairman was seen as the knock-out blow for Xstrata's merger overture. We speak to Anglo's man of the moment. Read >

John Parker interview. Part Two

by Allan Seccombe | 04-NOV-09 | 0 comments

Drafting John Parker as Anglo American chairman was seen as the knock-out blow for Xstrata's merger overture. We speak to Anglo's man of the moment. Read >

Gold bosses highlight power price concerns

by | 02-NOV-09 | 1 comments

Gold companies are very concerned about the proposed power tariff increase Eskom has unveiled, warning of potential job losses. Read >

Eskom may sink Gold Fields' rerating plans

by Allan Seccombe | 29-OCT-09 | 1 comments

Gold Fields' Nick Holland reckons the company can narrow the rating gap with its North American peers, but much depends on South African power utility Eskom's pricing model. Read >

Gold Fields warns on power price consequences

by Allan Seccombe | 29-OCT-09 | 1 comments

Gold Fields says proposed South African power tariff hikes will have a significant impact on its business and hopes the government will find alternatives to the increases which could have far-reaching consequences. Read >

Losing patience with Anglo American

by | 29-OCT-09 | 0 comments

The Miningmx team looks at Anglo American's surprise restructure with Cadiz's Peter Major. We also find out what the more relaxed exchange controls mean for the mining industry and Brendan Ryan tells us what's going on with Impala platinum's board. Time 11:30 Read >

SA power prices concern Anglo

by Allan Seccombe | 28-OCT-09 | 0 comments

Anglo American will take a couple of years to dispose of some $6bn worth of non-core assets and it will engage Eskom around the cost of power which is of concern to one of South Africa's biggest companies. Read >

Exxaro may consider Anglo zinc buy

by Allan Seccombe | 23-OCT-09 | 0 comments

Exxaro Resources is evaluating its own zinc assets before possibly taking a look at those of Anglo American, which has put them up for sale. Read >

Anglo prunes business and management

by Allan Seccombe | 22-OCT-09 | 10 comments

Anglo slashes management head count and puts more non-core assets up for sale to streamline the business and make large cost savings. Read >

Banks lose as Xstrata 'shuts up'

by Reuters | 16-OCT-09 | 0 comments

Xstrata's walking away from a proposed merger with Anglo has cost the two miners' banks tens of millions of dollars in fees, as well as merger and acquisition league-table standings. Read >

Xstrata hunger for Anglo unabated

by Allan Seccombe | 15-OCT-09 | 0 comments

Just because Xstrata has shelved its merger proposal for Anglo American it doesn't mean that option has gone away. What is next for Xstrata now that all the pressure is on Anglo to perform? Read >

Xstrata likely to ditch Anglo bid

by Reuters | 12-OCT-09 | 0 comments

A top-10 Xstrata shareholder says the company has pretty much indicated it will drop its bid for Anglo American. Read >

Xstrata: moving on to easier pickings?

by | 08-OCT-09 | 0 comments

The Miningmx team speaks to Fairfax analyst John Meyer about Xstrata's next move in its attempt to take over Anglo American. We also speak to GFMS about the record gold price and get an update on gold bullion ETFs from NewGold. Time 13:30. Read >

Anglo warns of market uncertainty

by Allan Seccombe | 28-SEP-09 | 0 comments

Anglo American CEO Cynthia Carroll warns of near-term commodity market uncertainty and gives the Australian government a tough message about the future of that country's coal industry. Read >

Anglo questions sustainability of recovery

by I-Net Bridge | 28-SEP-09 | 0 comments

Resources giant Anglo American is seeing the first signs of a global economic upturn, but questions the sustainability of the recovery. Read >

Anglo may double met coal output

by Reuters | 23-SEP-09 | 0 comments

Anglo American eyes doubled metallurgical coal output by 2018. Read >

Anglo not asking for Xstrata bid order

by Reuters | 21-SEP-09 | 1 comments

Anglo American is not about to request a "put up or shut up" order be made against Xstrata to make a formal bid for Anglo or walk away. Read >

The subject of power

by David McKay | 21-AUG-09 | 0 comments

Just who is Mick Davis, who once listed power, wealth and happiness as what is most important in his life? Read >

Debt behind Anglo sale

by Shaun Harris | 13-AUG-09 | 0 comments

Is Anglo's latest disposal the orderly removal of non-core assets or, to misquote Bob Dylan, desperation row, asks Shaun Harris. Read >

Anglo sells Tongaat shareholding

by | 13-AUG-09 | 0 comments

Anglo American has sold its 49.5% share in Tongaat Hulett, raising concerns that a foreign multinational may take over the sugar group. Read >

Talk to us, Anglo, says Davis

by Allan Seccombe & David Mckay | 04-AUG-09 | 1 comments

There could be greater benefits than those Xstrata's already told the market about if Anglo and Xstrata could just talk to each other, says Mick Davis. Read >

Market ripe for Anglo deal - Davis

by Allan Seccombe | 04-AUG-09 | 1 comments

Xstrata reiterates the benefits of its nil-premium merger proposal for Anglo American. It's premature to say markets are returning to pre-crisis levels, says the company, which saw interim profits down 77%. Read >

Cynthia Carroll looks to future

by | 03-AUG-09 | 1 comments

The dividend drought may have continued at Anglo American as a result of poor earnings, but CEO Cynthia Carroll remains upbeat about the future. Read >

Anglo American may retrench 200 employees

by Ines Schumacher | 29-JUL-09 | 0 comments

Anglo American may be planning to cut 35% of its head office staff, indicating a short-term survival strategy, trade union Solidarity says. Read >

Anglo Platinum looks to future

by | 28-JUL-09 | 0 comments

Anglo Platinum is confident Anglo American will support it through the current economic downturn, says CEO Neville Nicolau. Read >

Anglo strategy to trump results

by Reuters | 27-JUL-09 | 1 comments

Anglo American's fall in interim earnings will be overshadowned by its efforts to show it does not need to merge with Xstrata. Read >

Anglo sells majority of shares in Hulamin

by I-Net Bridge | 22-JUL-09 | 0 comments

Anglo American has disposed of the majority of its shareholding in South African aluminium products company Hulamin. Read >

Black deputy for Anglo?

by Sapa | 21-JUL-09 | 0 comments

Resources giant Anglo American is "looking closely" at the possibility of appointing a black deputy chairperson. Read >

Xstrata proposal a distraction

by Reuters | 20-JUL-09 | 0 comments

The incoming chairman of Anglo American, John Parker, dismissed a "merger of equals" proposal from rival Xstrata as a distraction. Read >

Anglo must merge

by Jan de Lange | 13-JUL-09 | 0 comments

But a marriage between Anglo American and Xstrata does not seem the appropriate solution, writes Jan de Lange. Read >

Anglo compiles SA list for chairman

by Reuters | 09-JUL-09 | 3 comments

Anglo American has reportedly drawn up a list of black South African candidates who it is considering to take the chairman reins from Mark Moody-Stuart. Read >

Investor pressure, premium key to Xstrata/Anglo deal

by Reuters | 07-JUL-09 | 0 comments

Anglo American appears in no rush to break the impasse caused by a rejected merger proposal from Xstrata as its shares rise. Read >

SA wants black Anglo CEO

by Bloomberg | 06-JUL-09 | 1 comments

Anglo American should appoint a black chairman, said the director general of South Africa's mines. Read >

Up to Xstrata to improve Anglo offer-shareholder

by Reuters | 06-JUL-09 | 0 comments

Old Mutual says Anglo would look at improved proposal and that Xstrata must properly value Anglo's quality assets. Read >

Xstrata’s Davis defends nil-premium bid

by Allan Seccombe | 30-JUN-09 | 0 comments

Mick Davis, Xstrata's chief executive, holds firm in his belief that a nil-premium merger with Anglo American is the best way to go and that there's no need for a premium. Read >

Anglo may seek Brazil partner

by Reuters | 29-JUN-09 | 0 comments

Anglo American may seek a partner for its huge iron ore project in Brazil, but the move is not to be regarded as a defence against the unsolicited merger proposal by Xstrata. Read >

Chinalco to woo Anglo?

by Reuters | 23-JUN-09 | 1 comments

Chinalco is rumoured to be making a bid for Anglo American and Xstrata's offer was dealt yet another blow as mining minister Susan Shabangu said the government was opposed to a possible merger. Read >

Xstrata needs persuasive power

by Ines Schumacher | 23-JUN-09 | 1 comments

Xstrata will have to convince South African shareholders a merger is in their best interests if it plans a hostile takeover of Anglo American. Read >

Xstrata/Anglo merger endangers SA platinum

by Miningmx reporter | 23-JUN-09 | 1 comments

Xstrata’s proposed merger with Anglo American may gain excessive control of the platinum industry, endangering jobs in the process. Read >

Anglo delivers slap in the face

by Reuters | 23-JUN-09 | 1 comments

Shares in Anglo American slid on Tuesday after the mining group rejected a merger proposal from rival Xstrata, which some analysts said was unlikely to mount a hostile bid. Read >

Anglo rejects Xstrata merger proposal

by Allan Seccombe | 22-JUN-09 | 1 comments

Anglo American's board says Xstrata's $68bn merger proposal will dilute its asset base and that the terms are unacceptable. Read >

Xstrata: from zero to hero

by Ines Schumacher | 22-JUN-09 | 0 comments

Xstrata’s proposed merger with Anglo American invites a look back on the company’s top deals. Read >

Anglo investors will want merger premium

by Reuters | 22-JUN-09 | 0 comments

Anglo American's top shareholders are unlikely to back any merger with Xstrata unless a significant premium is on offer Xstrata sees its $68bn proposal as a merger of equals. Read >

Xstrata/Anglo scenarios

by Reuters | 22-JUN-09 | 1 comments

There are a number of scenarios that could play out in the $68bn merger overture made by Xstrata to Anglo American's board. Read >

Xstrata/Anglo deal could rattle steel makers

by Reuters | 22-JUN-09 | 0 comments

A $68bn tie up between coal giants Xstrata and Anglo American would rattle the global steel industry already digesting a possible joint venture between its biggest iron ore suppliers. Read >

Does Anglo need an Xstrata?

by David Mckay | 22-JUN-09 | 4 comments

The proposed merger of Xstrata with Anglo is based on the premise that in a “merger of equals”, it’s possible to derive a better, greater company. But is this true, and what are the hidden motives? Read >

Xstrata comes to Anglo with merger proposal

by Reuters & papers | 21-JUN-09 | 0 comments

Xstrata chief executive, Mick Davis, is reported by Britain's Sunday Telegraph to have approached Anglo American's board about a $67bn merger. Read >

SA commodity shares look attractive

by | 18-JUN-09 | 0 comments

South African commodity shares are looking good and the media rumours surrounding Anglo American and Xstrata are rubbish, Vestact's Paul Theron says. Read >

Anglo board partly to blame

by | 17-JUN-09 | 0 comments

The Anglo American board gave CEO Cynthia Carroll the mandate to make acquisitions, Old Mutual's Richard Hasson says. Read >

BEE codes no worry yet - Carroll

by David McKay | 17-JUN-09 | 0 comments

Cynthia Carroll said the South African mining industry was not at a stage yet that it needed to worry about a controversial new document outlining new strictures on BEE in the industry. Read >

Commodity demand to fall in 2009 - Anglo

by Ines Schumacher | 12-MAY-09 | 0 comments

Anglo American forecasts demand for commodities will weaken this year. The outlook came on the same day as fresh data showing record high Chinese imports of iron ore and copper. Read >

Barry Davison replies

by | 30-APR-09 | 0 comments

Former AngloPlat CEO Barry Davison replies to a story by Brendan Ryan about his actions at the recent Anglo AGM. Ryan’s rejoinder is at the end of the letter. Read >