Anglo getting 'strong interest' for assets on the chopping block

Multi-product miner Anglo American said on Tuesday it has received “strong interest across the board” in its non-core asset divestment announced in October. There had been a particularly keen attraction to its zinc assets. Said spokesperson...

Russian-led Highveld mulling sale of iron-ore to third parties

Decades ago, Anglo Americandecided to take on the then State-owned steel monopoly Iscor - and Anglo did it from a miner’s perspective. It had an iron-ore deposit at Mapochs, near Witbank, and created Highveld Steel & Vanadium, which gave...

Chinese mining majors reportedly eyeing noncore Anglo assets

China’s largest iron and steel trader, China Minmetals Corporation, which is also a major mining group, was last week reported by China Daily to be interested in buying the zinc assets of Anglo American plc. Another journal, the Chinese-language...

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...

Expansions increase capabilities

Hi Alloy Castings is expanding on its 2008 expansion with the purchase of a 1 000-kg induction furnace and the opening of a new fettling line. In 2008, the company bought a new moulding line which doubled the output of the company's capabilities.

Shareholder foresees long-term relationship with DRA

Investment company Shanduka Resources is confident that it will maintain its long-term commitment and 25,1% share in project house DRA Mineral Projects.

Daily podcast – September 2, 2008

In today's podcast: the Department of Trade and Industry releases further details on its proposed successor to the Motor industry Development Programme, house prices in South Africa fell 1,8% in August and, Anglo Platinum appoints Bongani Nqwababa...

Magnetic sorting range added to sensor-based sorting systems

Building on its expertise in sensor-based mineral sorting, materials handling specialist IMS Engineering has partnered with German separation technology expert, Steinert Elektromagnetbau, in order to market systems using magnetic technologies.

Ultradeep hoisting ropes under manufacture for ultradeep mining

The local operation of international steel products manufacturing group Scaw Metals, Scaw South Africa, is engaged in manufacturing additional ultra deep hoisting (UDH) ropes for Gold Fields� 3 000 m South Deep shaft in Weston Aria, South...

Metmar mulls raising capital on JSE, selling 10% to BEE, investing in Iran

JSE-listed Metmar Limited, which was considering going to the market this year to raise capital for metals-and-minerals projects, would simultaneously consider selling down 10% of management-held shares to previously disadvantaged South Africans...

On-The-Air (06/10/2006)

Every Friday morning, SAfm's AMLive's radio anchor Nikiwe Bikitsha speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday's At the Coalface transcript: Bikitsha: 7 000...

African miners grapple with epidemic

Sub-Saharan Africa is the most-affected region in the world as measured by HIV/Aids prevalence rates, followed by the Caribbean. Zambia’s copper industry is in a booming phase with the copper price at levels not seen before. Apart from a...