German firm unveils upgraded maintenance management system

Metallurgical plant and machine construction company SMS Siemag, in Germany, has introduced the upgraded integrated maintenance management system (IMMS) to the global market.

Anglo goes from delight to disappointment as project acquisitions sour

Diversified major Anglo American has had two high profile acquisitions under Cynthia Carroll’s watch, which have both have gone from delight to disappointment.

Anglo reinstates dividend, but near-term outlook ‘more uncertain'

Diversified miner Anglo American on Friday announced the reinstatement of a dividend on the back of a strong $4,4-billion half-year operating profit, but cautioned about the near-term outlook for the world economy becoming "more uncertain in...

Simmers appoints Macquarie's Saaiman as CFO

Gold and uranium producer Simmers & Jack announced on Tuesday that Marius Saaiman would replace Robert Cowley as its CFO from July 1. Saaiman joins Simmers from Macquarie First South Advisors where he fulfilled the role of resources mergers and...

Merger and acquisition whirl returns to mining space

After last year’s scramble to strengthen balance sheet, a merger and acquisition (M&A) whirl has returned to the mining space, say financial service providers. While much of the M&A is still orientated towards putting cash in the kitty...

Anglo to sell Scaw, restructures management

Diversified mining company Anglo American will sell noncore assets, including Scaw Metals, to focus on its core mining activities, the group announced on Thursday, when it also revealed a management reorganisation, which will see three executives...

Daily podcast – August 13, 2009

Cameco may be ready to start dewatering its Cigar Lake project by the end of this year; and Anglo American sells its stake in Tongaat Hulett.

Anglo sells stake in SA sugar producer for R4,2bn

Diversified mining company Anglo American has sold its stake in South African sugar producer Tongaat Hulett for R4,2-billion (about $523-million), it said on Thursday. Late last month, the group sold its stake in Hulamin for R1,16-billion.

Anglo American to sell Tongaat Hulett stake

Anglo American would sell its 49,5% shareholding in South African agroprocessing firm Tongaat Hulett, as part of its strategy to focus on its core mining operations, it announced on Wednesday. Anglo American would sell 51,2-million Tongaat Hulett...

Anglo American reduces shareholding in Hulamin

Diversified resources group Anglo American has sold a large portion of its shareholding in aluminium semifabricator Hulamin to Coronation Asset Management, in line with Anglo’s plans to focus on its core mining operations. The group sold...

Daily podcast – July 23, 2008

In today's podcast: industrial, mining and property investors are still in a state of confusion over Eskom's approach to new electricity connections, the number of mining engineering-specific graduates is still shockingly low, and shareholders in...

Hulett-Aluminium becomes ‘Hulamin’, unveils new logo

South African aluminium producer Hulett Aluminium, which is to be unbundled and separately listed from parent Tongaat-Hulett, will be known simply as ‘Hulamin’, the company announced on Friday.