Anglo American sells Scaw to IDC-led group in R3.4bn deal

Diversified miner Anglo American on Tuesday announced the final stage of the $1.4-billion Scaw Metals Group divestment with the sale of integrated steelmaker Scaw South Africa to an investment consortium led by South Africa’s State-owned...

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...

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...