Bokoni Platinum reboot could knock ARM’s cash flow
AFRICAN Rainbow Minerals (ARM) has a colourful track record picking capital projects. It sold its 40% stake in Zambia’s 70-year-old Lubambe copper mine (formerly Konkola North)…
A crisis forever? How diamond miners are digging in
THE impending liquidation of Ekapa Mining following a deadly mudslide last month brings the curtain down on roughly 150 years of diamond mining in Kimberley, where the junior…
From millstone to option value: How SA has changed for Anglo
THE perceived regulatory and social risks of South Africa used to weigh heavily on Anglo American’s investment rating. Known as the ‘South African discount’, Anglo executives…
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three years – amid a decline in average prices…
From DRD to Gold Road: the quiet rise of Ian Murray
This article was first published in The Mining Yearbook 2025 Some people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally,…
Fragile supply gives platinum price new lease on life
IT was once common to describe the platinum price in terms of gold, the so-called gold-platinum ratio. Then came the global financial crisis in 2008. As automakers’ demand…
From DRD to Gold Road: the quiet rise of Ian Murray
SOME people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally, there are individuals who get to do both. Enter Ian Murray,…
Valterra forwards all hydrogen truck inquiries to Anglo
ONE of the lesser appreciated benefits of the demerger of Valterra Platinum, formerly known as Anglo American Platinum (Amplats), from Anglo American in May is not having to…
Valterra to surge into net cash after disappointing start
VALTERRA Platinum kicked off life as an independent company in relatively poor financial form, posting on Monday a heavier-than-expected 81% decline in headline share earnings…
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks for the Indian miner. It has a…
SA platinum titan Barry Davison passes away, aged 80
FORMER Anglo American Platinum chairman and CEO Barry Davison has passed away, industry sources said on Monday. He was 80. In addition to chairing Anglo American Platinum,…
Mkhwanazi to leave Anglo as group streamlines executive
ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the past 12 months.…
Valterra leads charge as platinum surges to three-year high
SHARES in Valterra Platinum, which last month demerged from Anglo American, surged in Johannesburg after the platinum price reached its highest in more than three years. The…
A year after unveiling its restructure, Anglo has surprised the market
Voicemail is on the decline globally, 8% lower since 2020, according to US company Vonage. Coca-Cola removed it from its corporate headquarters three years ago. Yet for Ken…
Valterra shares to be volatile amid “challenging” first half
SHARES in Valterra Platinum were likely to be volatile, especially from next week when it is formally demerged from parent company Anglo American, said the firm’s CEO Craig…
Platinum price ranges suggest prelude to a breakout
THE supply deficit forecast for platinum by the World Platinum Investment Council in March had widened further, the organisation said on Monday. Based on first quarter data,…
Three things Miller has on his Valterra Platinum ‘to-do’ list
DEMERGERS should achieve three things: improve transparency, sharpen focus and satisfy not only existing shareholders but future ones. So said the Financial Times in reference to…
Peabody suspends financing of $3.8bn Anglo coal purchase
US coal producer Peabody Energy said financing of its proposed $3.8bn purchase of metallurgical coal assets from Anglo American was on hold until there was further clarity on the…
Anglo American confident of full-year targets despite weak Q1 production
ANGLO American’s copper, iron ore, manganese, platinum group metals (PGMs) and diamonds businesses all posted flat or lower quarter-on-quarter output in the three months to…
Mining stocks flayed as SA counts cost of tariffs, GNU dispute
MINING stocks were flayed on the JSE as the market absorbed the potential damage to the global economy of US President Donald Trump’s tariffs, unveiled on April 2. Shares in…