Exxaro sells Moranbah South to Aussie miner for R1.68bn
EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
Thungela ices M&A to focus on “market confidence”
THUNGELA Resources has taken its foot off the diversification pedal telling analysts and investors last week that it was focusing on improving operational performance. “Our main…
Glencore, BHP may benefit as China turns to Western coal
THE fatal gas explosion at the Liushenyu Coal Mine in China’s Shanxi province last week could see improved demand for Australian and Canadian metallurgical coal, potentially…
Anglo unveils new deal to sell Aussie coal mines for $3.86bn
ANGLO American today announced the sale of its remaining steelmaking coal assets in Australia, a critical step in a restructuring unveiled two years ago to the month. Anglo said…
China’s KDG completes takeover of JSE’s MC Mining
THE Hong Kong listed Kinetic Development Group (KDG) has completed the takeover of ASX and JSE listed coal producer MC Mining in which it now holds a 51% stake following…
Farewell but not goodbye to ‘GlenTinto’, analysts say
THE failure of Rio Tinto and Glencore to agree on a proposed $240bn merger in February was, as one prominent bank described it, met with a “sigh of disappointment”. “Too bad.…
Thungela mulls expansion into other bulk commodities
THUNGELA Resources could seek assets in other bulk mining products, said CEO Moses Madondo who added that a board decision will be made in June. “We’re working through the…
South32 too risky for predators, says outgoing CEO
AN estimated $34bn in deals has gripped the mining sector since 2024, according to Canadian law firm Dentons. Efforts to consolidate ownership and strip back complicated…
Glencore-US Govt is the perfect relationship rebound
MINING houses of the ilk of Rio Tinto and Glencore are the standard-bearers of industry consolidation. So how do you consolidate the consolidators? With great difficulty, it…
Low diamond prices make De Beers sale more complex
STUBBORNLY low diamond prices had made the sale of De Beers “complex”, said Duncan Wanblad, CEO of Anglo American, its 85% shareholder. “It’s complex mainly because of the state…
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…
BHP faces rivals’ consolidation after Anglo setback
BHP Group’s unsuccessful 2024 pursuit of Anglo American has inadvertently catalysed a merger wave amongst rivals, leaving the world’s largest miner potentially vulnerable as…
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,…
SA coal exports flat in 2025 despite Transnet progress
COAL railed for export from South Africa so far this year implied total volumes for 2025 of 56.4 million tons, less than last year’s 56.9Mt. Commenting in his pre-close…
Trump administration expands critical minerals list
THE Trump administration added 10 minerals to its official list of materials deemed essential for the US economy and national security, including copper and metallurgical coal,…
De Beers cuts into stockpile as sale enters critical stage
DE Beers sold more diamonds at discount in the third quarter as it sought to further reduce a stockpile estimated to have topped $2bn this year. Commenting in a third quarter…
Why the market has warmed to Anglo Teck
MERGER talks between Anglo American with Teck Corporation got serious only two months ago, according to the UK miner’s CEO Duncan Wanblad. Speaking to Miningmx shortly after the…