Sector: Basic Materials
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Anglo American (JSE:AGL) is a leading global mining company with a portfolio of world-class competitive mining operations and undeveloped resources. The company provides the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of the worlds developed and maturing economies.
With its people at the heart of its business, Anglo American uses innovative practices and the latest technologies to discover new resources and mine, process, move and market its products to customers around the world safely, responsibly and sustainably.
As a responsible miner of diamonds (through De Beers), copper, platinum group metals, iron ore, steelmaking and thermal coal, and nickel Anglo American is the custodian of what are precious natural resources. The company works together with its business partners and diverse stakeholders to unlock the sustainable value that those resources represent for its shareholders, the communities and countries in which it operates, and for society as a whole. Anglo American is re-imagining mining to improve peoples lives.
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2024-01-24 12:25 +02:00Thabi Leoka, the businesswoman accused of lying about her academic qualifications, has quit the board of MTN South Africa.
2024-01-23 07:06 +02:00An acute shortage of skilled workers is restraining already tepid growth in South Africa – and the problem is self-inflicted.
2023-11-06 08:41 +02:00Amplats, BMW and Sasol plan to work together to encourage the production and use of hydrogen-powered vehicles.
2023-10-17 07:30 +02:00South Africa is turning to drones and helicopters to fight cable theft that’s disrupting a key export line.
2023-07-25 11:27 +02:00Government incompetence has left critical infrastructure in tatters, forcing companies to step into the breach.
2023-07-21 09:21 +02:00JSE:GLN JSE:AGL JSE:SBK JSE:NED JSE:DSY JSE:INP JSE:INL JSE:TBS JSE:PIK JSE:AVI JSE:MPT JSE:ARH JSE:ISA
The rand plunged to a record low as another jumbo rate hike raised concerns about the outlook for economic growth.
2023-05-25 17:47 +02:00The iconic Wits Planetarium in Johannesburg is undergoing an extensive renovation to transform it into a “digital dome”.
2022-11-22 11:49 +02:00Anglo American and Électricité de France have agreed to form jointly owned Envusa Energy to develop wind and solar projects in South Africa.
2022-10-04 09:15 +02:00Fixing South Africa’s broken utility and its rickety power system is proving a crucial test for the ANC ahead of elections in 2024.
2022-09-27 19:12 +02:00JSE:GLN JSE:AGL JSE:ABG JSE:MNP JSE:AVI JSE:MPT JSE:EMN JSE:EMH
France’s HDF Energy expects its green hydrogen power plant in Namibia, Africa’s first, to start producing electricity by 2024.
2022-09-12 14:17 +02:00President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
2022-07-15 13:14 +02:00South Africa’s oldest private airline Comair will stop operations permanently after lawyers on Thursday filed an application to liquidate the company.
2022-06-09 12:56 +02:00Anglo American has unveiled the world’s biggest green-hydrogen powered truck at a platinum mine where it aims to replace a fleet of 40 diesel-fuelled vehicles.
2022-05-06 08:10 +02:00Anglo American’s plans to target carbon neutrality at its mining operations will bolster South Africa’s renewable electricity output and provide a major boost to private generation.
2022-03-19 12:04 +02:00A group representing the biggest electricity consumers in South Africa have appealed for more predictable power price increases.
2022-01-23 11:44 +02:00A cloud of methane has been detected by satellite near coal mines in South Africa, drawing attention to a lesser-known environmental risk that comes from using the dirtiest fossil fuel.
2021-06-16 10:12 +02:00South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
Anglo American is advancing plans to convert its fleet of giant diesel-fuelled mine trucks to hydrogen power as the company seeks to burnish its green credentials.
2020-07-01 10:21 +02:00South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
2020-06-30 04:02 +02:00JSE:AGL JSE:NPN JSE:SOL JSE:GFI JSE:ANG JSE:AVI JSE:JSE JSE:ETO
Unprecedented demand for online services and entertainment during Covid-19 pandemic lockdowns, along with a scramble for haven investments, have helped set South African stocks on course for a record month.
2020-04-30 07:39 +02:00Fidelis Madavo says he’s being scapegoated in the corruption scandal that has gripped South Africa’s biggest money manager. And now he says there are documents to prove his contention.
2020-03-09 10:51 +02:00JSE:AGL JSE:NPN JSE:INP JSE:SPP JSE:INL JSE:AVI JSE:SPG JSE:ETO JSE:ISA
South Africa should establish a new entity that would generate electricity and reduce the nation’s reliance on state utility Eskom, mineral resources & energy minister Gwede Mantashe said.
2020-02-03 18:00 +02:00What do South Africa, Ivory Coast and Morocco have in common? The three countries spread across south, west and north Africa are all vying to build the continent’s tallest building.
2020-01-15 06:40 +02:00South Africa’s flagging economy could face a second recession is as many years due to a new wave of nationwide power cuts.
2019-12-09 15:15 +02:00Africa’s tallest building is set to open next month as its developers seek to cash in on security fears and traffic jams by building a high-rise residential and retail complex in the heart of Johannesburg’s financial district.
2019-09-20 08:12 +02:00It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
2019-03-13 12:59 +02:00JSE:AGL JSE:AMS JSE:IMP JSE:APN JSE:SNH JSE:JSE JSE:BLU JSE:EOH JSE:TON
Anglo American Plc`s De Beers on Thursday signed a five-year wage deal with the National Union of Mineworkers (NUM) which represents workers at its South African diamond operations.
2023-11-02South Africa`s Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday.
2023-10-31South Africa`s Anglo American Platinum on Tuesday said its refined platinum group metal (PGM) output declined 9% during the third quarter, due to disrupted water supplies to its processing facilities and lower concentrate production.
2023-10-24JOHANNESBURG (Reuters) -Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05JOHANNESBURG (Reuters) -Anglo American said it is cutting corporate office jobs across several countries, as unions said its South African iron ore business plans to lay off scores of workers at its head office.
2023-10-04Anglo American Plc`s De Beers is confident ongoing talks with South Africa`s National Union of Mineworkers (NUM) will avert a wage strike at Venetia, the country`s largest diamond mine, the company said on Friday.
2023-09-08South Africa`s National Union of Mineworkers (NUM) on Tuesday said it was planning to strike at De Beers` Venetia mine after wage talks broke down, potentially disrupting operations at the diamond giant`s new $2.3 billion underground facility.
2023-09-05(Reuters) -Anglo American`s South African iron ore unit said collaboration between private investors and government could help resolve mounting rail bottlenecks which are forcing it to stockpile more iron ore at its mines.
2023-07-25Anglo American Platinum (Amplats) expects half-year profit to slump as much as 75%, hit by weaker metal prices and the impact on production from power shortages in South Africa, the company said on Monday.
2023-07-17South African miners have increased their efforts to bring on new solar and wind generation, renewables company JUWI said, as they seek to cut costs and emissions and address an electricity crisis that has hit their output and the wider economy.
2023-06-27South Africa`s output of platinum group metals (PGM) should rebound in 2024 as the country starts to recover from a power crisis that will cut its production by as much as 20% this year, Neal Froneman, CEO of miner Sibanye Stillwater, said.
2023-06-15South Africa`s Transnet is looking for a partner in a venture to acquire and lease rolling stock to rail operators, it said on Tuesday, as it seeks to overcome logistics problems that led to its worst performance in a decade last year.
2023-04-04South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02(Reuters) -South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02(Reuters) -Impala Platinum`s shares fell more than 5% on Thursday after the South African miner reported a 2.1% drop in half-year profit, saying power cuts and a furnace rebuild had hit platinum group metal (PGM) production.
2023-03-02(Reuters) -South Africa`s Impala Platinum reported a 2.1% drop in half-year profit on Thursday as power cuts and a furnace rebuild hit smelter operations, lowering platinum group metal (PGM) production.
2023-03-02(Reuters) -Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world`s leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday.
2023-02-28(Reuters) -Anglo American Platinum`s (Amplats) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations chief at U.S.-based gold miner Newmont Corporation.
2023-02-15Anglo American`s CEO on Monday called for a public-private partnership to improve performance at South Africa`s state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners` ability to export their products.
2023-02-06Anglo American Platinum has lost 105,000 ounces in platinum group metals (PGM) production this year, or nearly 3% of its total refined output, due to power cuts in South Africa, chief executive Natascha Viljoen said on Friday.
2022-12-09The South African rand and government bond prices fell sharply on Thursday as investors digested news that President Cyril Ramaphosa may be impeached following a panel of experts` findings against him.
2022-12-02The South African rand and government bonds plunged on Thursday afternoon, as investors digested the news that President Cyril Ramaphosa may be impeached following a panel of experts` findings against him.
2022-12-01The collapse of a tailings dam in South Africa earlier this month has put the spotlight on the need for binding global regulations of facilities used to store mining waste, investors and industry leaders said.
2022-09-23A South African company is dumping the sludgy byproduct of mining into a historical diamond pit after the tailings dam that had stored the waste partially collapsed, killing one and leaving scores injured.
2022-09-15South African authorities shut down the Jagersfontein diamond tailings dam in 2020 due to high water levels before allowing it to reopen last year, a company official said on Monday, a day after the dam burst, killing at least one person and injuring 40.
2022-09-12A mine dam wall collapse in South Africa`s Free State province swept away houses and cars on Sunday, the provincial government said, killing one person and injuring another 40.
2022-09-11A mine dam wall collapse in South Africa`s Free State province swept away houses and cars on Sunday, the provincial government said, killing three people and injuring another 40.
2022-09-11South Africa`s coal sales to Europe rose eight-fold during the first half of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, Thungela Resources said on Monday.
2022-08-16* Thungela returns $500 million to shareholders (Recasts with CFO comments)
2022-08-15* Kumba`s half-year profit down 50% (Recasts with company executive)
2022-07-26Anglo American Platinum shares fell on Monday after the world`s biggest platinum group metal (PGM) miner reported a 43% drop in half-year profit due to weaker metal prices and lower production compared with record sales a year ago.
2022-07-25South Africa`s Anglo American Platinum on Monday reported a 43% fall in half-year profit due to weaker platinum group metal (PGM) prices and lower volumes compared with record sales a year ago.
2022-07-25South Africa`s rand edged lower on Thursday, after poor mining and industrial production data dampened investor confidence, and the dollar bounced back ahead of U.S. inflation data.
2022-06-09South Africa`s oldest private airline Comair will stop operations permanently after its bankruptcy protection lawyers on Thursday filed an application to liquidate the company which had failed to secure funding to stay airborne after being impacted severely by global pandemic-related travel restrictions.
2022-06-09South Africa`s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, CEO Natascha Viljoen said on Wednesday.
2022-04-06JOHANNESBURG (Reuters) -South Africa is close to reaching a five-year target for new investment, President Cyril Ramaphosa said on Thursday as he sought to drum up further backing for the pandemic hobbled economy.
2022-03-24* New investments span manufacturing, mining, pharma sectors (Updates with new investment figures, additional quote from Ramaphosa)
2022-03-24* Firm coal prices drive Thungela`s full-year profit (Recasts with Thungela on European demand)
2022-03-22HARARE (Reuters) -South Africa`s Anglo American Platinum Ltd (Amplats) on Monday reported an 160% jump in full-year profit, driven by higher prices and sales volumes.
2022-02-21South African miner Gold Fields is considering leaving its Johannesburg listing, though a move would not eliminate its share price discount compared to global peers, chief executive Chris Griffith said on Thursday.
2021-08-26JOHANNESBURG (Reuters) -South African miner Kumba Iron Ore reported a nearly three-fold increase in interim earnings on Tuesday and hiked its dividend payout, as higher iron ore prices and increased production boosted profit.
2021-07-27South Africa`s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve`s meeting this week.
2021-07-26JOHANNESBURG (Reuters) -South African miner Anglo American Platinum (Amplats) on Monday posted a near 7-fold increase in half-year earnings and paid a record dividend as higher metals prices and increased output boosted profit, sending its shares higher.
2021-07-26South Africa`s rand steadied against the dollar in afternoon trade on Wednesday, with market attention pinned on the release of minutes from the U.S. Federal Reserve later in the day.
2021-07-07JSE:AGL JSE:AMS JSE:SSW JSE:SLM JSE:NPH JSE:AVI JSE:JSE JSE:HUG
A 208-wagon coal train derailed in South Africa over the weekend partially shutting a rail line that links mines to the Richards Bay export terminal, state-owned freight firm Transnet said on Tuesday, hampering exports at a time of high coal prices.
2021-07-06JOHANNESBURG (Reuters) -South Africa`s Thungela Resources, newly spun-off from Anglo American, is valued at roughly 3.4 billion rand ($253 million) after listing on the Johannesburg Stock Exchange on Monday in a test of investor appetite for coal miners.
2021-06-07Anglo American plc said on Thursday it would spin off its South African thermal coal business into a new company listed in Johannesburg and London, as it moves to transition out of assets that mine the most polluting fossil fuel.
2021-04-08South African miner Northam Platinum reported a surge in half-year profit on Friday and said it plans to accelerate capital spending to boost output and take advantage of rising metals prices.
2021-03-19South African miner Northam Platinum reported on Friday a surge in interim profit, driven by higher metals prices, and unveiled plans to accelerate its capital expenditure in the second half of the year.
2021-03-19South Africa`s Anglo American Platinum Ltd (Amplats) on Monday posted a 63% jump in its annual profit, underpinned by higher metal prices and a weaker rand exchange rate.
2021-02-22South African miner Gold Fields Ltd posted a more than four-fold jump in annual earnings on Thursday on the back of higher bullion prices and said it is preparing for substantial capital expenditure in 2021.
2021-02-18Ivan Glasenberg is leaving Glencore shareholders and green activists with a parting climate conundrum. The South African’s final results-in-charge revealed a collapse in coal EBITDA to just $1.2 billion. Given his new-found climate conscience, Glasenberg should be celebrating. The only snag is that Glencore’s environmental pivot hinges on the black stuff sticking around for years to come.
2021-02-16Anglo American said on Thursday it would provide up to $30 million to support the rollout of COVID-19 vaccines across its global operations, with $10 million allocated to assist South Africa in its vaccination efforts.
2021-02-04A multinational consortium that was building one of South Africa`s first privately-owned coal-fired power stations has asked to withdraw from the project, the energy ministry said on Tuesday, aggravating the country`s chronic electricity shortage.
2020-11-17South Africa`s National Union of Mineworkers (NUM) threatened on Friday to call a strike at mining companies De Beers, Exxaro and Petra Diamonds after failing to reach wage agreements.
2020-10-02South Africa`s diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump.
2020-08-05South Africa`s rand jumped on Thursday as weak business confidence data was outweighed by big surprise move up in China`s April exports that also helped its commodity currency peers.
2020-05-07South Africa`s Anglo American Platinum (Amplats) aims to save about 4 billion rand ($211 million) this year through cost cuts and reduced capital expenditure to offset production losses during a nationwide lockdown to fight the coronavirus.
2020-04-23South Africa`s logistics firm Transnet said it would reduce transport services and non-essential cargo operations during a nationwide lockdown that began at midnight on Thursday to contain the coronavirus.
2020-03-27South African assets recovered on Wednesday after the central bank launched a bond-buying programme, seeking to drum up demand in credit markets as the coronavirus epidemic weighs on the country`s already ailing economy.
2020-03-25South Africa`s rand weakened on Tuesday as data showed the economy entered its second recession in two years in the final quarter of last year, while stocks edged higher.
2020-03-03South Africa`s Kumba Iron Ore on Tuesday posted a rise in annual earnings, underpinned by higher iron ore prices and currency gains from a weaker rand exchange rate to the dollar.
2020-02-18South Africa`s rand firmed on Monday, as China stepped in to shield the world`s second-largest economy from the impact of the coronavirus outbreak, lifting global risk appetite.
2020-02-17Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country`s already slowing economy.
2019-12-10JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT
South Africa`s rand was barely changed in late trade on Friday, with fresh optimism over Sino-U.S. trade talks helping the currency to weather stronger employment numbers from the United States.
2019-12-06Anglo-South African financial services group Investec expects to raise about 189 million pounds ($242 million) from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.
2019-11-29South Africa`s biggest platinum mining union sealed three-year wage hike agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater on Friday, ending months of negotiation over pay.
2019-11-15The South African rand inched weaker on Wednesday, backing away from a four-session peak as cautious investors awaited clues on the economy ahead of key manufacturing data and developments in U.S.-China trade talks.
2019-11-06South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of investment pledges, mainly from domestic companies, on Wednesday as part of his drive to boost flagging economic growth.
2019-11-06South Africa`s rand firmed on Thursday after the country`s cabinet approved the promulgation of its long-delayed plan for electricity generation amid nationwide power cuts by state utility Eskom.
2019-10-17South African miner Sibanye-Stillwater said on Wednesday it planned to cut around 5,270 jobs, or about 6% of its workforce, as it restructures its loss-making Marikana operations that it acquired this year.
2019-09-25Production
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