Northam Platinum finally secures “rock star” status
IT has taken some 40 years but Northam Platinum has finally achieved the “rock star” status that the former Gold Fields of South Africa envisaged when it decided to develop the…
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)…
Why, this time, ARM thinks Bokoni Platinum will fly
THE new development plan for African Rainbow Minerals’ Bokoni Platinum Mine amounts to a “completely different business proposition,” according to ARM COO, Jacques van der Bijl.…
De Beers sale gets cheaper, though not easier
ANGLO American has massively downgraded the value of De Beers on its balance sheet, suggesting a bargain might be in the offing for its many bidders. Which might make the sale…
Happy days return for South Africa’s platinum industry
SOUTH Africa’s platinum industry is forecast to triple free cash flow to about R1.7bn this year, after a major uptick in fortunes for the metal and for sister metals palladium…
Generation of exploration has been lost in SA, says Wanblad
A GENERATION of minerals exploration had been lost in South Africa owing to unsupportive policies, said Anglo American CEO Duncan Wanblad. Speaking at the Joburg Indaba on…
Newmont unveils new CEO as Palmer set to retire
TOM Palmer will retire from Newmont by December after more than a decade with the world’s largest gold producer, the company said on Monday, in an unexpected leadership…
Mark Bristow in shock departure from Barrick Mining
MARK Bristow has stepped down as CEO Barrick Mining Corp. with immediate effect, the Toronto-listed company announced on Monday. He will replaced by Mark Hill, head of Barrick’s…
Anglo bolsters balance sheet with R44.1bn Valterra sale
ANGLO American confirmed on Thursday morning it had concluded the sale of its entire remaining 19.9% stake in Valterra Platinum, formerly Anglo American Platinum prior to its…
Anglo to sell remaining stake in Valterra Platinum
ANGLO American said on Wednesday it would sell its remaining shares in Valterra Platinum equal to 19,9% in the company worth R44bn. The transaction, by way of a bookbuild, comes…
All points north as DRDGold weighs long-term expansion
DRDGOLD, the Johannesburg Stock Exchange’s oldest company at 130 years old, is actively pursuing expansion opportunities across Africa, with CEO Niël Pretorius particularly keen…
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…
Anglo may sell Valterra Platinum stake to strategic investor
ANGLO American is keeping its options open regarding the divestment of its 19.9% stake in Valterra Platinum, including a sale to a strategic investor. “It is on the table,” said…
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…
Can South Africa save its minerals exploration sector?
Last year, a South African government-backed fund invited applications from would-be junior miners, hoping to find that the country’s mineral exploration business was not…
Chris Griffith confirms resignation from Vedanta
CHRIS Griffith has confirmed his resignation from Vedanta, the Indian company where he was appointed about two years ago to lead its base metals division. “I can confirm I have…
Valterra CEO confident platinum price rally is sustainable
THIS year’s Platinum Week conference in London in May was a turning point for platinum group metals (PGMs) and the miners, said Valterra Platinum CEO, Craig Miller. Speaking at…
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.…
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…