anglo american sells s africa platinum mines for bn rand

  • Home
  • anglo american sells s africa platinum mines for bn rand

Mining: The foundation for South Africa's future | Anglo ...

Mining: The foundation for South Africa's future. Yesterday (30 July), Mark Cutifani, Anglo American's Chief Executive, spoke at the Gordon Institute of Business Science in Johannesburg and shared his views on how South Africa's mining sector should act as a catalyst for growth amidst tough socio-economic conditions.

Read More

Mines could spend R60 billion to fight load-shedding

South African mining companies could spend 60 billion rand ($3.8 billion) on renewable energy projects, helping to ease the country's electricity supply crisis. The industry is planning 3,900 ...

Read More

ANGLO AMERICAN PLATINUM

sell or buy shares in Anglo American Platinum or any other securities. All written or oral forward-looking statements attributable ... Anglo American Platinum's products, production forecasts and, ... applicable, as authorised in South Africa, under the Financial Advisory and Intermediary Services Act 37 of 2002).

Read More

ANGLO AMERICAN PLC

Group's platinum mines are also supplemented by Anglo American Platinum's three smelters at Polokwane, Mortimer and Waterval, as well as its Precious Metals Refinery and Base Metals Refinery, all located in South Africa. REPOSITIONING THE BUSINESS We are focusing our business on our core portfolio of

Read More

Amplats sells Rustenburg mines to Sibanye for R4.5bn

Anglo American Platinum (Amplats) on Wednesday sold its labour-intensive South African mines to bullion producer Sibanye Gold for 4.5 billion rand ($331 million) to focus on newer, mechanised mines.

Read More

S. Africa's Northam Platinum looks to buy mines in sector ...

Anglo American Platinum (Amplats), the world's top platinum producer, said in July that it plans to sell a slate of mines in its drive to recover from a five-month strike and shift towards more mechanised mining. The South African government has said that it would prefer a local buyer for the Amplats mines. Sibanye Gold has emerged as the front ...

Read More

Northam weighs buyout of black investors ... - Mining Weekly

Northam, South Africa's fourth-biggest platinum producer, has already bought back 5.6 billion rand of the preference shares since 2016, and currently holds 46.7% of them.

Read More

Anglo American Platinum

Platinum production and sales report for the quarter ended 30 September 2021. Find out more. Anglo American Platinum selects preferred supplier for solar plant at Mogalakwena. Read here. Interim results 2021. Anglo American Platinum released its interim results for the six months to …

Read More

Anglo ups share buyback to $2bn | Fin24

Anglo ups share buyback to $2bn. London - Global miner Anglo American plc said on Thursday it had doubled its share buyback programme to $2bn after the conversion of most of a $1.1bn convertible bond it issued in 2002. It is the second time in a month the world's third-largest miner has increased the amount being returned to investors.

Read More

Baroka Platinum offers R3bn for Amplats' Bokoni mine stake ...

South Africa 's Baroka Platinum has offered 3 billion rand ($263 million) to buy Anglo American Platinum's (Amplats) stake in the Bokoni mine in Limpopo province, a document seen by Reuters shows.

Read More

South Africa's Impala Platinum Lifts Payout on Record Profit

Anglo American Platinum Ltd. and Sibanye Stillwater Ltd. in boosting payouts to investors. The final dividend of 9.8 billion rand ($680 million), or 12 rand a …

Read More

Anglo sells Tarmac for $1.6bn - Miningmx

[miningmx.com] – ANGLO American said it had sold a 50% stake in cement manufacturer Lafarge Tarmac for $1.6bn – a transaction that will ease pressure on the UK group's balance sheet, and provide cheer in an otherwise difficult month, perhaps even securing the interim dividend.

Read More

Anglo American Platinum to sell mines - MarketWatch

JOHANNESBURG--Anglo American Platinum Ltd. (AMS.JO), the world's biggest platinum producer, said Monday that it plans to sell some of its mines as it announced profit in the first half of the year ...

Read More

What we mine - Anglo American South Africa

Our Platinum business, based in South Africa, is the world's leading primary producer of platinum, and accounts for approximately 40% of the world's newly mined production of the metal. Platinum mines, processes and refines the entire range of platinum group metals (PGMs): platinum, palladium, rhodium, ruthenium, iridium and osmium.

Read More

Community's disruption of rich SA platinum mine exposes ...

A haul truck is seen at the Mogalakwena platinum mine in Mokopane, north-western part of South Africa, Limpopo province May 18, 2016. REUTERS/Siphiwe Sibeko. In April, Amplats announced a deal to set up a 175 million rand ($11 million) community trust for the local Mapela tribe to kick-start development and investment in neglected villages.

Read More

Mining Engineering Online

South Africa's platinum mining firms, top union seal wage deal. November 15, 2019. Anglo American Platinum, Impala Platinum and Sibanye-Stillwater reached an agreement for a three-year wage hike agreement with the Association of Mineworkers and Construction Union (AMCU), South Africa's largest platinum mining union.

Read More

IN SOUTH AFRICA, MONOPOLIES REIGN - The New York Times

South Africa's 7 Biggest Conglomerates Anglo American Interests in gold, diamonds, coal, and platinum mining. Also involved in insurance, financial services and commodity trading . Taxed profit ...

Read More

Transformation Full Report 2017 - Anglo American South …

Anglo American plc* and its South African businesses 70% 80% 74% 85% Anglo American plc (listed) Anglo American South Africa Limited De Beers (offshore) Anglo American Platinum Limited (listed) Coal SA – a division of Anglo Operations (Pty) Ltd De Beers Consolidated Mines South African businesses Kumba Iron Ore Limited (listed)

Read More

South African strike hits world's top platinum producers

* Half of world platinum production affected * Police out in force near Lonmin (LSE: LMI.L - news) 's Marikana mine MARIKANA, South Africa, Jan 23 (Reuters) - South African mines producing half the world's platinum shut down on Thursday as the sector's main union began a strike for hefty wage hikes their employers say they cannot pay. Members of …

Read More

List Of Mines In Rustenburg In South Africa - 2021 | ZaR

Who owns Rustenburg platinum mines? Anglo American Platinum Limited. Rustenburg Platinum Mines Limited, a wholly owned subsidiary of Anglo American Platinum Limited, ("RPM") has issued a Section 189 (3) notice to relevant parties in terms of Section 189A of the Labour Relations Act, 66 of 1995, for the commencement of a consultation process on the …

Read More

Friedland's plan for $1.6bn platinum mine at impasse ...

Construction of the biggest platinum mine planned since 1993 is being delayed because of an impasse between billionaire Robert Friedland's Ivanhoe Mines Ltd. (IVN) and South Africa's mines ...

Read More

A king has wrecked this South African company's plan to ...

Impala Platinum Holdings's decade-long quest to buy a smaller rival that owns assets key to prolonging the life of its own mines in South Africa came to …

Read More

ANGLO AMERICAN PLATINUM

Limited in South Africa and any other applicable regulations) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Anglo American Platinum'sexpectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Read More

2016 ANNUAL RESULTS PRESENTATION - Anglo American …

recommendation by Anglo American Platinum or any other party to sell or buy shares in Anglo American Platinum (or any other securities). • Nothing in this presentation should be interpreted to mean that future earnings per share of Anglo American Platinum will necessarily match or exceed its historical published earnings per share.

Read More

Anglo American sells S.Africa platinum mines for 4.5 bn rand

Mining giant Anglo American announced on Wednesday the sale of three platinum mines in South Africa to Sibanye Gold, the country's biggest producer of gold, for 4.5 billion rand ($332 million). The two companies opened talks last week as the platinum industry struggles with falling prices and industrial unrest.

Read More

Anglo American South Africa

Anglo American is a global mining company that mines a diverse range of products in South Africa i.e. platinum, thermal coal, diamonds, and iron ore.

Read More

ANGLO AMERICAN PLATINUM

2 CAUTIONARY STATEMENT Front cover image: Waterval smelters Disclaimer: This presentation has been prepared by Anglo American Platinum Limited ("AngloAmerican Platinum")and comprises the written materials/slides for a presentation concerning Anglo American Platinum.By attending this presentation and/or reviewing the slides you agree to be …

Read More

The top five platinum-mining companies in the world

The world's top five platinum-mining companies, by annual production. 1. Anglo American Platinum – 2.05 million ounces. Founded in 1995 and based in Johannesburg, South Africa, Anglo American Platinum is the world's largest platinum-mining company – with production output of just over two million ounces in 2019.

Read More

Blackstone Group to acquire QTS Realty Trust for $10bn.

Anglo American, a British multinational mining company, completed the demerger of Thungela Resources, a producer and exporter of thermal coal. "We are confident that Thungela will be a responsible steward of our thermal coal assets in South Africa, benefiting from an experienced and diverse management team and board.

Read More

ANGLO AMERICAN PLATINUM - minedocs.com

Anglo American Platinum. Further, it does not constitute a recommendation by Anglo American Platinum or any other party to sell or buy shares in Anglo American Platinum or any other securities. All written or oral forward-looking statements attributable to Anglo American Platinum or persons acting on their behalf are

Read More

South Africa miners need price swings just to stay afloat

Companies affected include AngloGold Ashanti, Harmony Gold, Anglo American Platinum and Lonmin. According to Minerals Council South Africa, 71% of gold mining operations in the country were either marginal or loss making in 2018. More than 60% of South Africa's platinum mining industry is loss-making or marginal, the council says.

Read More

South African platinum workers strike over pay - BBC News

South African platinum workers strike over pay. Work has stopped at some of the world's biggest platinum mines, as thousands of South African workers have gone on strike demanding a huge pay rise ...

Read More

Amplats to restructure Atlatsa in R3.5bn deal

Johannesburg - South Africa's Anglo American Platinum (Amplats) said on Wednesday it would acquire two mining assets and inject capital into Atlatsa Resources as part of a 3.5 billion rand ($380 ...

Read More