Global miner Anglo American has decided to withdraw Resolution 2 from the agenda of the general meeting of shareholders to be held on December 9 to vote on the group’s merger with Canadian mining group Teck Resources, after concerns were raised by shareholders. On November 10, Anglo American published a notice of the general meeting and circular to shareholders seeking approval of recommended proposals regarding the implementation of the merger of equals.
Mining Weekly Editor Martin Creamer discusses the first-of-a-kind platinum and palladium derivatives approved by China; trade tensions influence on the platinum industry; and the new Africa partnership era that the Mining Indaba is helping to build momentum towards.
Diviersfied miner Anglo American, which is set to merge with Teck Resources, has achieved a "solid quarter in copper and iron-ore", CEO Duncan Wanblad says, adding that the group is well positioned to meet its 2025 full-year guidance. The group has also raised the full-year production guidance for its Minas-Rio iron-ore mine, in Brazil, to between 23-million and 25-million tonnes, from the 22-million to 24-million tonnes previously guided, on the back of a strong operational performance so far this year, as well as the successful completion of a five-yearly pipeline inspection at the operation.
Hixonia Nyasulu has decided to step down as a nonexecutive director of global miner Anglo American with effect from December 31, after six years of service, to focus on her wider board portfolio. Nyasulu has served as an independent nonexecutive director since November 2019, also serving on the board’s nomination and remuneration committees.
South African State-owned asset management firm the Public Investment Corporation (PIC) has, in aggregate, acquired a further interest in the ordinary shares of multinational miner Sibanye-Stillwater, taking its total interest to 20.42%. According to Sibanye-Stillwater’s website, the PIC previously held 18.07% of its shares in issue.
At least $5-bilion has been liberated by Johannesburg-listed Anglo American carrying out a joint mine plan with an adjacent copper operator in South America. Becoming one are Anglo American Sur’s Los Bronces and Codelco’s Andina in Chile.
The Proudly South African smelting technology that saves more than 70% of electricity consumption needed for smelting, reduces carbon emissions by about 60%, and puts users at the bottom of the cost curve, is now actual, factual and ready to enable South Africa to return to being an economically viable producer of ferroalloys – and green steel as well. The technology that has the potential to help to re-industrialise South Africa is now ready to be commercialised and reverse the widespread closure of ferroalloy smelting operations owing to the high price of electricity.
Development of the innovative new mining method for narrow tabular steep dipping orebodies and the mobile tunnel boring to enable it are both going exceptionally well. The game-changing narrow-reef-cutting advance on the way provides a mechanised mining solution to extract upper group two (UG2) platinum group metals (PGM) reef more selectively and efficiently from a very narrow 60 cm reef width.
The need for South Africa to attract investment as a globally competitive investment destination was highlighted on Friday by Dr Patrice Motsepe, the executive chairperson of African Rainbow Minerals (ARM), the Johannesburg Stock Exchange-listed diversified mining company that declared a final dividend of 600c a share for the year ended June 30 on top of its interim dividend of 450c a share. “This country has got some really exceptional people in business, but ...
The minute that Eskom gives Khwelamet an economically feasible power price, the refurbishing of two of the four furnaces at the dormant former Metalloys plant in Meyerton will begin and take six to nine months to complete. In the meantime, Khwelamet is focusing on a rehabilitation programme, with work being done on the large volume of on-site furnace slag – which can be beneficiated and sold as 73% to 74% alloy – as well as on operational discard that can be used in the cement market.