Global Mining News in real time

Accord with AMCU sets mechanised gold junior on new growth path

By: Martin Creamer An accord with the feared Association of Mineworkers and Construction Union (AMCU) has become a tailwind of growth for South African gold junior Vantage Goldfields, which has already invested R710-million in Barberton's Lomshiyo valley and where it plans to spend considerably more. After... 

Former Anglo boss calls for ‘courageous and bold action’ for SA to be competitive

By: Samantha Moolman The current state of the local mining industry should not be allowed to undermine South Africa’s global competitiveness, says former Anglo American South Africa CEO Kuseni Dlamini. Nonetheless, the industry veteran believes that South Africa has what it takes to be a globally competitive nation,... 

Mining’s damaging ‘blame game’ destroying South Africa 

By: Martin Creamer The South African economy could no longer afford the damaging “blame game” under way in the crucial mining sector, which needed to take urgent steps to prepare for the inevitable next commodities boom, Energy Intensive User Group chairman Mike Rossouw said on Wednesday. 

Mining veteran Dlamini buys into underground safety support firm

By: Nomvelo Buthelezi Safety equipment provider M and J Mining has concluded a strategic investment with mining veteran Kuseni Dlamini. 


By: Martin Creamer “They have stolen our money” are the five words that were reiterated in the often-heated Xolani Gwala-hosted national radio debate on SAfm's AMLive last week, when ANC secretary-general Gwede Mantashe, above, said in reference to the proposed downsizing Anglo American Platinum (Amplats): “They... 

Engage to end govt, labour, company trust deficit – ex Anglo South Africa head

By: Martin Creamer The controversy surrounding the Anglo American Platinum (Amplats) platinum review emphasised the need for more engagement and trust-building between government, labour and mining companies, former Anglo American South Africa head Kuseni Dlamini said on national radio on Tuesday. Speaking during... 


Julius Malema says that the nationalisation of mines is prescribed in the Freedom Charter and must, therefore, be a prerequisite for leadership of the African National Congress (ANC). The ANC Youth League president shared the stage with Old Mutual CEO and former Anglo American South Africa CEO... 

ANC leaders must support nationalisation of mines - Malema  

By: Sapa Nationalisation of mines was prescribed in the Freedom Charter and therefore a prerequisite for leadership in the ANC, ANC Youth League president Julius Malema said on Thursday. "If you are not for nationalisation you are not qualified to lead the ANC," said Malema at a ANCYL sponsored debate... 

Two views on scale keep Anglo and Xstrata apart

By: Martin Creamer Two views on the potential benefits of scale are keeping among the issues Anglo American and Xstrata apart. Anglo American CEO Cynthia Carroll believes Anglo already has sufficient scale, whereas Xstrata wants a combined Anglo-Xstrata to be able to take on industry heavyweight BHP Billiton... 

We already have scale, says Xstrata-rejecting Anglo CEO

By: Martin Creamer Diversified mining major Anglo American already has scale, its CEO Cynthia Carroll said at the weekend, reiterating the company's rejection of Xstrata's scale-and-size-providing merger of equals. Mining Weekly Online asked Carroll if Anglo's current scale-and-size could match that of a combined... 

Xstrata CEO in second SA visit, govt reveals on eve of Anglo interims

By: Martin Creamer As part of a process of continuous engagement on Xstrata's proposed merger with Anglo American, Xstrata CEO Mick Davis has met the South African government for the second time, on the latest occasion specifically with Mineral Resources DG Sandile Nogxina, Mineral Resources departmental... 

Blow to transformation as Anglo’s South Africa head Dlamini quits  

By: Martin Creamer Anglo American South Africa head Kuseni Dlamini has quit the company to take up a new opportunity outside the group, the company said on Thursday. Anglo media relations head Pranill Ramchander told Mining Weekly Online that no decision had been taken on who would replace Dlamini; nor had a... 

Africa ready to help kick-start melting global economy

By: Martin Creamer Africa has an unprecedented opportunity to contribute to the kick-starting of the down-turned global economy as it prepares for a revival of the commodities boom, says Anglo American South Africa head Kuseni Dlamini. 

Daily podcast – February 10, 2009

By: Shannon de Ryhove In today's podcast: Minerals and Energy Minister Buyelwa Sonjica offeres a helping hand to stricken mining companies; and Anglo Platinum will retrench 10 000 people during the course of 2009. 

Africa ready to help kick-start melting global economy - Anglo American

By: Martin Creamer Africa had an unprecedented opportunity to contribute to the kickstarting of the downturned global economy as it prepared for a revival of the commodities boom, Anglo American South Africa head Kuseni Dlamini said on Tuesday. Dlamini told the Mining Indaba in Cape Town that the next source of... 

Anglo American SA boosts BEE procurement spend

By: Chanel de Bruyn Diversified resources group Anglo American South Africa has boosted its total black economic-empowerment (BEE) procurement spend and enterprise development by 42% in 2008. Anglo American South Africa and its independently managed subsidiaries has spent R24,6-billion on BEE procurement and... 

Daily podcast – November 20, 2008

By: Shannon de Ryhove In today's podcast: Aflease Gold will merge with Australia's BMA Gold; and Anglo American South Africa head Kuseni Dlamini said that the present was a great era of opportunity for the still-growing Africa to "rise and shine". 

‘Great era of opportunity' for ‘still-growing' Africa - Anglo American

By: Martin Creamer The present was a "great era of opportunity" for the "still-growing" Africa to "rise and shine", Anglo American South Africa head Kuseni Dlamini said on Wednesday. Kuseni told the Africa Investment Forum 2008 in Johannesburg that the continent would continue on a significant economic growth... 

Amid world financial turmoil, South Africa needs to play to its strengths, of which mining is undoubtedly one

By: Martin Creamer Without mining, South Africa would lose more than half of its total merchandised exports and ten-million people would be without their daily subsistence, Chamber of Mines CE Zoli Diliza tells Mining Weekly readers on page 12 of this edition. 

Africa is now where China was when Nixon, Kissinger predicted huge growth, says Anglo American’s Dlamini

By: Martin Creamer Africa is now at the stage where China was in the Seventies - ripe for investment and poised for attractive investment returns, says Anglo American South Africa head Kuseni Dlamini. 

Anglo says Africa is now where China was in 70s, Liberia still silent on iron-ore 'disqualification', some cash-crunched miners taking royalty route

By: Martin Creamer Africa is now at the stage where China was in the seventies – ripe for investment and poised for attractive investment returns, says Anglo American South Africa head Kuseni Dlamini on page 22 of this edition of Mining Weekly. 

Amid global gloom, Africa ripe for 'attractive returns' – Anglo American

By: Martin Creamer Amid the gloom and doom of world markets, Africa was as ripe for investment and “attractive returns” in just the same way as China was in the Seventies, Anglo American South Africa head Kuseni Dlamini said on Friday. Dlamini told the Nedgroup Securities second African investment conference in... 

Dlamini appointed to Angloplat board  

By: Martin Creamer Former Richards Bay Coal Terminal CEO and newly appointed head of Anglo American South Africa Kuseni Dlamini has been appointed to the board of Anglo Platinum. Dlamini replaces former acting Anglo American South Africa head Philip Baum, who has resigned as nonexecutive director of Anglo Platinum. 

Dlamini appointed to Angloplat board

JSE-listed Anglo Platinum has announced the resignation of its nonexecutive director Philip Baum, with effect from Tuesday. Kuseni Dlamini will replace Baum as nonexecutive director. 

Anglo Fund channels 46% of grants into education, human resources development

By: Brindaveni Naidoo Diversified mining giant Anglo American’s Chairman Fund, a corporate social investment (CSI) arm of the company, celebrates 34 years of investment in South Africa this year. The company’s CSI investment is valued at R288-million for 2007, of which the Chairman’s Fund issued 297 grants valued at... 

Employment equity next big transformation challenge for Anglo American South Africa – Baum

By: Chanel de Bruyn Improving the employment equity position of its senior management would be a priority for diversified resources group Anglo American South Africa, former acting CEO Philip Baum said on Tuesday. Baum, who is also CEO of Anglo Ferrous Metals, said that the group had to continue its transformation... 

UN Global Compact reaches into African corporate territory

By: Darren Parker Richards Bay Coal Terminal was one of 17 leading South African companies to join in signing the United Nations (UN) Global Compact agreement in Johannesburg last month. The signing ceremony marked the closing of the ‘Global Compact in Africa’ conference, cohosted by the National... 

Sixteen SA companies sign UN Global Compact

By: Leandi Kolver Sixteen South African companies - including those involved in mining and related activities have signed the United Nations (UN) Global Compact, which extends the opportunity to corporate entities to embrace, support and enact core values regarding human rights, labour standards, the environment... 

Cockerill takes top Anglo Coal job, Dlamini is Anglo's new SA chief

By: Matthew Hill Diversified mining company Anglo American announced on Tuesday that it had appointed Kuseni Dlamini, currently Richards Bay Coal Terminal chairperson, as head of the company’s South African operations, and exiting Gold Fields CEO Ian Cockerill as its new Anglo Coal CEO. Both would also join... 

RBCT boss confident about possible expansion despite Eskom’s coal crunch

By: Matthew Hill State-owned power utility Eskom's coal crunch would not affect or delay a potential phase-six expansion of the world's biggest single coal terminal - to bigger than 100-million tons a year - Richards Bay Coal Terminal chairperson Kuseni Dlamini said on Tuesday. The terminal company had... 

Two RBCT reclaimers out of service for maintenance

By: Christy van der Merwe The world's single largest coal terminal, the Richards Bay Coal Terminal (RBCT), said on Friday that one of its reclaimers, and one stacker reclaimer had been placed out of service for urgent technical and structural maintenance.  

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