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Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
14th May 2024 By: Martin Creamer

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of... 


Anglo CEO Duncan Wanblad
Anglo American eyes offloading steelmaking coal, nickel, diamonds
14th May 2024 By: Reuters

Anglo American laid out a strategy update on Tuesday that includes exploring options for its steelmaking coal, nickel and platinum businesses, in an effort to fend off a takeover bid from the... 


Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Trafigura, IXM caught in Comex copper short squeeze as prices hit record
15th May 2024 By: Reuters

Commodity traders Trafigura and IXM are seeking physical copper to cover large bearish positions on the CME, where US copper prices surged to record highs on Wednesday, five sources with direct... 


Anglo American logo
Execution risk to Anglo’s restructure plan substantial – WoodMac
15th May 2024 By: Darren Parker

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


lithium ore
Zimbabwe leading the sub-Saharan African lithium mining boom
13th May 2024 By: Darren Parker

The past three years have witnessed a surge in hard-rock pegmatite lithium mining activity across Southern Africa, according to consultancy firm AmaranthCX. “While Zimbabwe has emerged as the... 


Anglo ditching De Beers is hard blow for troubled diamond market
Anglo ditching De Beers is hard blow for troubled diamond market
15th May 2024 By: Bloomberg

The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional... 


Mineral Resources Minister Gwede Mantashe
Mantashe warms to Anglo plan after opposing BHP bid
14th May 2024 By: Bloomberg

South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches... 


platinum ingots
PGMs to face continued supply constraints, low prices – report
14th May 2024 By: Darren Parker

Precious metals consultancy Metals Focus’ new ‘Platinum Group Metals (PGM) Focus 2024’ report, which offers a comprehensive analysis of the PGM industry, indicates that the rest of the year will be... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


A BHP office building
BHP shareholders see room for one more sweetened Anglo bid
15th May 2024 By: Bloomberg

Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘not afraid’ of M&A, says Stausholm
16th May 2024 By: Mariaan Webb

Amid heightened discussions surrounding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reaffirmed the company’s readiness to pursue such ventures. However,... 


Copper climbs to highest in two years as bulls see deficit
Copper climbs to highest in two years as bulls see deficit
14th May 2024 By: Bloomberg

Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with... 


From left, CHIETA CEO Yersen Pillay, Higher Education and Training Department DDG Zukile Mvalo, and Nedbank CIB Head of Infrastructure, Energy and Telecommunications Mike Peo.
Green energy presenting South Africa with massive reindustrialisation chance – Nedbank
13th May 2024 By: Martin Creamer

Green electrons and green molecules are presenting South Africa with a massive opportunity to reindustrialise, Nedbank CIB head of infrastructure, energy and telecommunications Mike Peo told the... 


Anglo moved into De Beers’ London offices when the lease on its own site expired.
De Beers IPO considered amid break-up plans, sources say
15th May 2024 By: Reuters

Anglo American is exploring an initial public offering of its diamond business De Beers, two people familiar with the matter told Reuters on Tuesday, with one flagging London as the preferred... 


The recruitment of new non site-based permanent employees and contractors has been stopped.
Anglo unveils hiring freeze, document shows, after rejecting $43bn takeover bid
16th May 2024 By: Reuters

Anglo American has suspended hiring globally, it said on Thursday, as it gets plans under way to simplify itself and build value – and avert a $43-billion takeover bid by Australia's BHP. Anglo... 


Investment in certain minerals, notably copper and lithium, is falling short of what was required for transition to net-zero energy system
Today’s well-supplied market for critical minerals ‘may not be a good guide for future’
17th May 2024 By: Terence Creamer

A new International Energy Agency (IEA) report describes the sharp decline in critical mineral prices over the past year as a double-edged sword, cautioning that, while it has been a boon for clean... 


Trafigura says aluminium rally is ‘over done’ as supply returns
Trafigura says aluminium rally is ‘over done’ as supply returns
17th May 2024 By: Bloomberg

Aluminum prices should decline by at least 6% over the next six months as supply returns to the market and high interest rates continue to crimp manufacturing demand, according to an analyst from... 


Polyhalite produced at Anglo American's Woodsmith mine
Anglo American has sought fertiliser partners for months, says CEO
17th May 2024 By: Reuters

Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


Biden open to easing sanctions on billionaire Gertler in return for Congo exit
17th May 2024 By: Bloomberg

The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s... 


China’s top copper miner to ramp up output as supply risks mount
China’s top copper miner to ramp up output as supply risks mount
17th May 2024 By: Bloomberg

China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to... 


Higher Education & Training DDG Zukile Mvalo
PGM-boosted green hydrogen backed by resolute South African govt's commitment
16th May 2024 By: Martin Creamer

The production of green hydrogen, which is most effectively generated when catalysed by platinum group metals (PGMs), has profound economic and social implications, including job creation, skills... 


The Mothae mine is situated in the Maluti mountains of Lesotho
Lucapa puts Lesotho diamond mine up for sale
15th May 2024 By: Mariaan Webb

Australia-listed Lucapa Diamonds on Wednesday announced the planned divestment of its 70% interest in the Mothae mine, in Lesotho. This follows a review of the asset portfolio by the company’s... 


Ken Brinsden says the collaboration with Albemarle has been extremely valuable.
Patriot and Albemarle’s downstream lithium collaboration ends
15th May 2024 By: Mariaan Webb

Lithium exploration company Patriot Battery Metals will no longer pursue a downstream lithium processing partnership with shareholder Albemarle, it was announced on Wednesday. Patriot, which owns... 


CHIETA CEO Yershen Pillay
State mining training authority backing green hydrogen skills centre creation
15th May 2024 By: Martin Creamer

“We’re very excited to announce that we’ll be establishing the first centre of specialisation of green hydrogen skills,” South Africa’s Chemical Industries Education and Training Authority (CHIETA)... 


BHP needs to bid about £32 a share for Anglo, JPMorgan says
BHP needs to bid about £32 a share for Anglo, JPMorgan says
17th May 2024 By: Reuters

HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for... 


Cobalt on a conveyor belt
US blames China’s CMOC for predatory tactics behind cobalt glut
15th May 2024 By: Bloomberg

China’s CMOC Group is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo... 


Buxton acquires Arizona manganese exploration project
Buxton acquires Arizona manganese exploration project
14th May 2024 By: Creamer Media Reporter

Australia-listed Buxton Resources on Tuesday announced an agreement to acquire a manganese brownfields exploration project in Arizona, US. The Matrix manganese project, in Mohave county, is... 


Africa map
Fraser Institute survey shows marked declines in African countries’ investment attractiveness
16th May 2024 By: Marleny Arnoldi

The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Niger, Mozambique, Zimbabwe and Senegal, have ranked among the lowest for investment... 


Automated mining vehicles
Half of mining industry still resisting AI integration
15th May 2024 By: Darren Parker

At least half of heavy machinery users within the global mining industry still rely primarily on manual supply chain management tools, with 40% still using manual tools for operational planning,... 


US President Joe Biden
US tariffs on minerals leave out markets that China dominates
15th May 2024 By: Bloomberg

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the... 


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