Former Anglo boss Cutifani joins Northern Star
AUSTRALIA’S Northern Star Resources has appointed former Anglo American CEO Mark Cutifani to its board, Bloomberg reported. Cutifani and mining engineer Peter Rozenauers will…
SA miners fear the worst in mineral cadastre rollout
IN May 2024, then Orion Minerals CEO Errol Smart gushed: “I’m coming off an all-time high on hearing this news.” A day earlier, the South African government had signed an…
Tailwinds for Sibanye-Stillwater’s Stewart but dangers lurk
THERE was never a question of Neal Froneman shedding tears of sadness as he stepped from the Sibanye-Stillwater podium for the last time in August, as Mark Cutifani did when he…
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…
The Jo’burg network behind Zanaga iron ore revival
ONCE upon a time CEOs of companies as grand as Anglo American migrated to a beachside villa or golfing redoubt when they retired. Not today. Take the list of investors stumping…
Zanaga Iron Ore weighs pelletising plant in RoC or Middle East
ZANAGA Iron Ore Company is investigating building a plant for the production of low emission iron ore, possibly in the Middle East or Republic of Congo (RoC). The initiative is…
The challenges facing Sibanye-Stillwater’s new boss
SIBANYE-Stillwater CEO-designate Richard Stewart told investors last month he has no plans to change the miner’s strategy. Having been with Sibanye-Stillwater for a decade —…
Former Anglo CEOs team up to buy Glencore’s iron ore project
FORMER Anglo American chief executives Tony Trahar and Mark Cutifani have teamed up with a group of investors to buy the Zanaga iron ore project in Republic of Congo (RoC). They…
Is this the end of the mining house?
At his zenith as CEO of Anglo American, in 2019, Mark Cutifani described the group in new terms. It was a ‘materials solutions provider’, he said. The notion of Anglo as a miner…
PIC likely to oppose BHP’s bid for Anglo? That’s not a given …
THE Public Investment Corporation (PIC), the government pensions fund, gave few clues as to its standing on BHP’s takeover proposal for Anglo American. In an interview with…
Anglo must restore productivity levels, says former boss
AFTER the brickbats come the plaudits. Or is it better to describe the positive ripple in Anglo American’s share price this year as a case of absolution? In any case, the JSE…
ETFs in diamonds backed as a necessary step change
AFTER missed copper production guidance last year, the next most criticised aspect of Anglo American’s performance for the 12 months ended December was its 85% stake in De Beers.…
Anglo ‘review’ raises familiar themes as it looks to regain trust
THE reason investors buy shares in diversified mining companies is to lower the risk presented by volatile and cyclical commodity markets. That approach, however, seems to be…
Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force it to weigh its desire for…
Cutifani says Glencore tie-up a priority for Vale Base Metals
VALE Base Metals (VBM) is prioritising a decision on whether to combine its nickel operations in Canada’s Sudbury basin with those of Glencore this year, a move that could reduce…
Deal shy Bristow to break form as Barrick eyes copper
BARRICK Gold CEO Mark Bristow has been grumbling about other people’s deals for nearly three decades. Yet nearly every year the gold sector finds new ways to merge and acquire.…
Wanblad says Kumba to be “reconfigured” as Transnet rail fail expected to persist
KUMBA Iron Ore would be “reconfigured in the short-term” to account for export bottlenecks, said Duncan Wanblad, CEO of Anglo American which owns 70% of the South African…
Kumba may reduce life of mines if Transnet fails to restore capacity
THE decline in rail capacity on Transnet’s iron ore line risked mine life extension projects, said Kumba Iron Ore CEO, Mpumi Zikalala. In 2021, Kumba announced a R3.6bn project…
Two big questions for Anglo American that won’t go away
ANGLO American is heading for its poorest showing in years when it posts interim numbers tomorrow (July 27). Deutsche Bank, for one, expects “sluggish” results. This is largely…
Wanblad plants feet firmly under boss’ desk with Anglo structural makeover
ANGLO American CEO Duncan Wanblad today unveiled a restructuring of the firm’s reporting lines in which the company is divided between its Americas and African/Australian…