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Anglo American chairperson Stuart Chambers
Anglo American chairperson Stuart Chambers
Anglo snubs BHP’s ‘highly unattractive’ proposal
Updated 2 hours 32 minutes ago By: Mariaan Webb

Diversified miner Anglo American has firmly rebuffed a $38.8-billion proposal from mining heavyweight BHP, with chairperson Stuart Chambers dismissing the nonbinding offer as “highly unattractive”. In a statement released on Friday, Chambers... 


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Congo questions Apple on concerns about use of conflict minerals
25th April 2024 By: Bloomberg

The Democratic Republic of Congo’s government notified Apple of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation. A group of... 


ERG's Metalkol mine in the DRC
Kazakh miner ERG denies circumventing Congo subcontracting laws
25th April 2024 By: Reuters

Kazakh miner Eurasian Resources Group (ERG) has denied accusations it tried to bypass Democratic Republic of Congo's subcontracting laws designed to boost local ownership in the mining sector, job... 


AWU raises concern over Glencore Mt Isa incident, two workers critical
AWU raises concern over Glencore Mt Isa incident, two workers critical
Updated 13 minutes ago By: Mariaan Webb

The Australian Workers’ Union (AWU) has voiced serious concerns following an incident at Glencore’s copper smelter in Mount Isa, which left two workers in critical condition. “Tough questions need... 


ASM CEO and MD Rowena Smith
ASM secures another financing letter of intent from Canadian agency
Updated 45 minutes ago By: Marleny Arnoldi

Credit agency Export Development Canada (EDC) has indicated in a conditional letter of interest that it will provide a direct lending debt funding package of up to A$400-million to ASX-listed... 


FACTBOX: Top deals in the global mining sector
FACTBOX: Top deals in the global mining sector
Updated 58 minutes ago By: Reuters

On Thursday, BHP Group bid $38.8-billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining... 


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Sayurie Naidoo appointed Amplats CFO, executive director
Updated 1 hour 2 minutes ago By: Tasneem Bulbulia

JSE-listed Anglo American Platinum (Amplats) has appointed Sayurie Naidoo as CFO and executive director, with effect from May 1. Naidoo, who has been serving as the acting CFO since Craig Miller... 


On lithium’s frontier, miners are betting on a greener second act
On lithium’s frontier, miners are betting on a greener second act
Updated 4 hours ago By: Bloomberg

Against the arid, red dirt of the Australian Outback, the Mount Holland lithium mine emerges to approaching visitors as a colossal grey-tinged crater, with trucks the size of houses edging along... 


The newly-built crushed ore dome will fortify NAL's operational reliability during winter months.
Sayona bolsters leadership team as search for CEO and chair continues
Updated 5 hours ago By: Mariaan Webb

ASX-listed lithium miner Sayona Mining has taken a forward in its leadership restructuring by announcing the appointment of Dougal Elder as CFO on Friday. Elder, who initially joined Sayona as... 


SQM partner Tianqi Lithium requests shareholders vote on Codelco tie-up
Updated 5 hours ago By: Reuters

China's Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company SQM, in which it is a major shareholder, and state-run copper miner Codelco... 


BHP CEO Mike Henry will reportedly brief investors next week.
BHP shares drop on value concerns after $39bn bid for Anglo American
Updated 5 hours ago By: Reuters

BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its... 


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Anglo American does not find BHP $39bn offer attractive
Updated 6 hours ago By: Reuters

Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as... 


Miner owned by South America’s richest family mulls bond sale
Updated 6 hours ago By: Bloomberg

Copper miner Antofagasta is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said. CFO Mauricio Ortiz and other... 


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Magazine round up | 26 April 2024
Updated 7 hours ago

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 


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Can South Africa turn around 30 years of real economy underperformance?
26th April 2024 By: Terence Creamer

In this essay, Terence Creamer reflects on the factors that have shaped South Africa’s real-economy sectors of manufacturing, mining and agriculture over the past 30 years and considers ways to end... 


BHP has spent the last ten years simplifying their asset base only to buy one of the most complex portfolios in the industry.
BHP’s mega bid for Anglo sets stage for industry shakeup
25th April 2024 By: Mariaan Webb

Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest... 


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Magazine cover image
Magazine round up | 26 April 2024

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader. 

WEIGHING OPTIONS: Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are under way on the funding of South Africa’s transmission requirements, including the potential use of money pledged by rich nations toward an energy transition and another option to tap private sources. Photograph: Bloomberg
WEIGHING OPTIONS

Eskom and government are considering private and foreign options to fund a R390-billion expansion of the electricity grid as more renewable generation comes online. Bloomberg reports that talks are... 

Photo of Martin Creamer
Our platinum group metals industry must be backed to the hilt by all South Africans

The potential loss of platinum group metals (PGMs) demand to battery electric vehicles (BEVs) spells dire consequences for the South African mining industry. At risk are income streams to nearly... 

Photo of Terence Creamer
Reflect and recommit

Memories are short and it often feels like they are becoming shorter not only because of the flood of information associated with the 24-hour news cycle but also second-by-second social media... 

Business Leader

Henry Adams, country manager at InterSystems
Henry Adams

This week we profile Henry Adams, country manager at InterSystems, the primary business of which is supplying and supporting software products 

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STILL FLYING

Years of State capture, corruption and ongoing crime and violence have left deep scars and have taken most of the gloss of any celebrations marking 30 years of democracy. Nevertheless, South Africa... 

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