Global specialty chemicals company Johnson Matthey PLC (JMAT.LN) said Friday it has agreed an extension to the metal supply agreement with Anglo American Platinum Ltd. (AMS.JO) and entered into a separate contract to provide Anglo Platinum with platinum group metal market research services, although there will be no ongoing market development agreement between the two parties. …read more
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Tag Archives: JO
AngloGold CEO Attacks S African Threats to Miners' Licenses
AngloGold Ashanti Ltd.’s (ANG.JO) outgoing chief executive attacked the threat to mining companies’ licenses in South Africa. …read more
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AngloGold Says Mali Mines Operational But Pauses on Expansion
Africa’s largest gold producer AngloGold Ashanti Ltd. (ANG.JO) said Wednesday that it is holding off on an expansion plan for one of its mines in Mali in light of the problems in the north of the country.
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Anglo American Platinum: More S Africa Taxes "Detrimental"
Any new taxes in South Africa will hurt an already struggling platinum industry, Anglo American Platinum Ltd. (AMS.JO) said Monday.
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Harmony Gold Mining Profit Falls
CAPE TOWN, South Africa–Harmony Gold Mining Co.’s (HAR.JO) first-half profit fell 25% owing to lower gold prices and a workers’ strike.
Source: FULL ARTICLE at Fox Business Headlines
Anglogold Tropicana Gold Project on Schedule, Raises Capex Estimate
AngloGold Ashanti Ltd. (ANG.JO) a gold miner, said Thursday that its Tropicana Gold Project in Western Australia is on schedule for pre-commissioning in the third quarter and the start of production and production ramp-up in the fourth quarter, adding that estimated capital expenditure has increased 11% from the mid-point of the forecast given at the project’s approval.
Source: FULL ARTICLE at Fox Business Headlines
AngloGold Says Tropicana Project Costs Higher Than Planned
AngloGold Ashanti Ltd. (ANG.JO) said Thursday that it now expects to need a higher spend to get its Tropicana mine in Australia, due to start production in late 2013, up and running and a higher cash cost to produce.
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Agrees to Consult With Government
Anglo American Platinum Ltd. (AMS.JO) met with South Africa‘s department of mineral resources Monday and agreed to a “detailed consultation process” with unions and government before proceeding with its restructuring plan, the mineral department said.
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Platinum Agrees To Government Consultation Before Job Cuts
Anglo American Platinum Ltd. (AMS.JO) met with South Africa‘s department of mineral resources Monday and agreed to a “detailed consultation process” with unions and government before proceeding with its restructuring plan, the mineral department said.
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Platinum Workers Threaten Strike
Employees at Anglo American Platinum Ltd.’s (AMS.JO) mines that are earmarked for closure have threatened to shut down all of the company’s operations if plans to lay off 14,000 workers as part of a major restructuring go ahead.
Source: FULL ARTICLE at Fox Business Headlines
New Anglo American CEO Likely to Be Cutifani
U.K. mining company Anglo American PLC (AAUKY) is likely to appoint the head of rival AngloGold Ashanti Ltd. (ANG.JO) as its new chief executive, U.K. newspaper the Sunday Telegraph says, citing an unnamed source.
Source: FULL ARTICLE at Fox Business Headlines
New Anglo CEO Likely To Be Mark Cutifani – Report
U.K. mining company Anglo American PLC (AAUKY) is likely to appoint the head of rival AngloGold Ashanti Ltd. (ANG.JO) as its new chief executive, U.K. newspaper the Sunday Telegraph says, citing an unnamed source.
Source: FULL ARTICLE at Fox Business Headlines
Harmony Gold To Keep Kusasalethu Mine Shut For Review
South Africa’s Harmony Gold Mining Co. (HAR.JO) said Wednesday that it will keep its Kusasalethu gold mine shut while it conducts a review of the operation, following labor unrest at the site at the end of 2012.
Source: FULL ARTICLE at Fox Business Headlines
Harmony Says 1,700 Workers Refuse to Come up From Underground
Unrest at South Africa’s Harmony Gold Mining Co. (HAR.JO) continued Friday as the company reported that around 1,700 employees refused to come up from underground at its Kusasalethu mine, demanding that suspended colleagues be reinstated, a sign that the labor disruptions that paralyzed the mining sector in August are resurfacing.
Source: Fox Business Headlines
Harmony Gold Closes South Africa Gold Mine Due to Labor Unrest
Harmony Gold Mining Co. (HAR.JO) said Thursday that it has closed it Kusasalethu mine in South Africa a day earlier than planned for the festive holiday season after violence erupted following the suspension of 578 workers.
Source: Fox Business Headlines
Kumba, ArcelorMittal Agree to New Interim Price Model
Kumba Iron Ore Ltd. (KIO.JO), South Africa‘s largest iron-ore producer, and ArcelorMittal South Africa Ltd. (ACL.JO) agreed to a temporary iron-ore pricing agreement Thursday while legal issues around a disputed mine play out.
Source: Fox Business Headlines
ICBC In Talks For Stake In Standard Bank's UK Operations
Industrial & Commercial Bank of China Ltd. (IDCBY) is in talks with Standard Bank Group Ltd. (SBK.JO) about acquiring a controlling stake in the South African bank’s U.K. commodities and foreign-exchange trading business, according to people with direct knowledge of the matter, in a sign that Chinese banks are pushing for business traditionally dominated by western banks.
Source: Fox Business Headlines
Harmony Reports Fatality at South Africa Mine
Harmony Gold Mining Co.’s (HAR.JO) said Monday that an employee at its Tshepong mine near Welkom in South Africa’s Free State died last week in an underground accident.
Source: Fox Business Headlines
Barclays, Absa Further Combine Africa Assets in $2.1 Billion Deal
South Africa’s Absa Group Ltd. (ASA.JO) said Thursday it will purchase the African business of its parent Barclays PLC (BCS) for $2.1 billion as part of the combined group’s drive to grow on the continent.
Source: Fox Business Headlines
Barclays Lifts Absa Stake in $2.1 Billion Share Deal
South Africa’s Absa Group Ltd. (ASA.JO) said Thursday it will purchase the African business of its parent Barclays PLC (BCS) for $2.1 billion as part of the combined group’s drive to grow on the continent.
Source: Fox Business Headlines