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Diversified Miners

Menar MD Vuslat Bayoğlu
Menar advancing on the manganese front
21st May 2024 By: Martin Creamer

Private investment company Menar, which is advancing steadily on the manganese front, has anthracite, coal, nickel, and gold in its diversified multi-country portfolio. The company's... 


BHP shares hit 3-month high as deadline for formal Anglo bid looms
BHP shares hit 3-month high as deadline for formal Anglo bid looms
21st May 2024 By: Reuters

Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43-billion... 


Anglo's Charterhouse offices in London
Anglo shareholder LGIM supports break-up plan as BHP circles
21st May 2024 By: Bloomberg

Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to... 


BHP CEO Mike Henry
BHP debates improved bid as time runs out in Anglo takeover saga
19th May 2024 By: Bloomberg

With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few... 


Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council, Geoscience, IDC going all out to boost South African exploration
17th May 2024 By: Martin Creamer

A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a... 


Glencore's head office
Glencore expands adherence to standards, reporting frameworks to ensure sustainability
17th May 2024 By: Marleny Arnoldi

Global diversified miner Glencore’s emissions and energy use increased in 2023, but the group continues to make strides in managing its operations sustainably and according to ever-evolving... 


BHP needs to bid about £32 a share for Anglo, JPMorgan says
BHP needs to bid about £32 a share for Anglo, JPMorgan says
17th May 2024 By: Reuters

HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for... 


Wits School of Mining Engineering Professor Fred Cawood
Greater man/machine collaboration needed as AI, automation evolve – Cawood
17th May 2024 By: Darren Parker

In the new world of digitised and automated mining that is headed towards increased dependence on AI to solve problems and facilitate complex processes, University of the Witwatersrand (Wits)... 


Mining Weekly Editor Martin Creamer
Green Energy, Manganese Metal Co, Anglo American make headlines
17th May 2024

Mining Weekly Editor Martin Creamer unpacks Nedbank's belief that Green Energy is a reindustrialisation opportunity for South Africa; Manganese Metal Co's first-mover advance to enter the manganese... 


Polyhalite produced at Anglo American's Woodsmith mine
Anglo American has sought fertiliser partners for months, says CEO
17th May 2024 By: Reuters

Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, CE Duncan Wanblad told Reuters, reiterating the business will be one of three... 


The above image depicts Resources 4 Africa CEO Paula Munsie
Indaba aims to unlock junior mining potential
17th May 2024 By: Lynne Davies

Mineral resources, energy and mining conference specialists Resources 4 Africa (R4A) envision junior miners playing a crucial role in meeting the rising demand for critical minerals and metals, in... 


The above image depicts a Schurco Slurry pump
Tech expertise shortage in junior mining
17th May 2024 By: Lynne Davies

There is a shortage of expertise in the specialised domain of junior mining – a situation that is compounded by South Africa’s so-called brain drain, as skilled professionals seek jobs elsewhere,... 


The above image depicts Ndalamo Resources FD Mpho Nkhumeleni
Potential for growth for midtier miners
17th May 2024

Following the recent 2024 State of the Nation Address (Sona) and Budget Speech coal producer Ndalamo Resources believes that there is the potential for growth and resilience among midtier mining... 


An image of Afrimat CEO Andries van Heerden
Afrimat delivers strong full-year results, continuing growth
16th May 2024 By: Tasneem Bulbulia

During its financial year to February 29, midtier mining and materials company Afrimat invested considerably in projects that are expected to yield fruitful returns and further strengthen diversity... 


Rio Tinto CEO Jakob Stausholm
Rio Tinto ‘not afraid’ of M&A, says Stausholm
16th May 2024 By: Mariaan Webb

Amid heightened discussions surrounding mergers and acquisitions (M&A) in the mining sector, Rio Tinto CEO Jakob Stausholm has reaffirmed the company’s readiness to pursue such ventures. However,... 


The recruitment of new non site-based permanent employees and contractors has been stopped.
Anglo unveils hiring freeze, document shows, after rejecting $43bn takeover bid
16th May 2024 By: Reuters

Anglo American has suspended hiring globally, it said on Thursday, as it gets plans under way to simplify itself and build value – and avert a $43-billion takeover bid by Australia's BHP. Anglo... 


A BHP office building
BHP shareholders see room for one more sweetened Anglo bid
15th May 2024 By: Bloomberg

Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the... 


Anglo American logo
Execution risk to Anglo’s restructure plan substantial – WoodMac
15th May 2024 By: Darren Parker

Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a... 


Anglo ditching De Beers is hard blow for troubled diamond market
Anglo ditching De Beers is hard blow for troubled diamond market
15th May 2024 By: Bloomberg

The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional... 


BHP’s top Australian investor eyes restraint in battle for Anglo
BHP’s top Australian investor eyes restraint in battle for Anglo
15th May 2024 By: Bloomberg

Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s... 


Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took centre stage on Tuesday at a mining conference in Miami.
Anglo-BHP battle is between two CEOs fighting over same vision
15th May 2024 By: Bloomberg

As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.... 


Mining production, sales drop in March
14th May 2024 By: Tasneem Bulbulia

Mining production decreased by 5.8% year-on-year in March, Statistics South (Stats SA) reports. The largest negative contributors were coal (-9.1% and contributing -2.3 percentage points);... 


Mineral Resources Minister Gwede Mantashe
Mantashe warms to Anglo plan after opposing BHP bid
14th May 2024 By: Bloomberg

South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches... 


Anglo American CE Duncan Wanblad
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers
14th May 2024 By: Martin Creamer

Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of... 


Resources Watch
Resources Watch
14th May 2024

This week: Copper 360’s underground copper mine set to open three months ahead of schedule; South Deep wind power decision drawing closer, Q2 update likely on backfill problem and, Hydrogen’s... 


Anglo American Platinum's Mogalakwena operation in South Africa
Investors expect BHP to lift Anglo American offer again
14th May 2024 By: Reuters

BHP is likely to sweeten its $43-billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered... 


The Waterfal smelter at Anglo American Platinum's operations in South Africa.
Analysts highlight concerns over valuation, regulatory hurdles in BHP-Anglo proposal
14th May 2024 By: Mariaan Webb

The rejection – for the second time – of BHP’s attempt to propose a deal with Anglo American underscores the concerns that continue to persist regarding value and regulatory hurdles in the proposed... 


BHP CEO Mike Henry says the group is disappointed that its second proposal has been rejected.
Anglo rejects BHP's revised £34bn proposal
13th May 2024 By: Mariaan Webb

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. The structure of the revised proposal, unveiled... 


Anglo American CEO Duncan Wanblad
Anglo investors tell company to move faster to survive BHP bid
13th May 2024 By: Bloomberg

Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo... 


Finance Minister Chrystia Freeland
Miners seek exemption from Canadian tax hike to save equity deals
13th May 2024 By: Bloomberg

Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to... 


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VEGA Controls SA (Pty) Ltd
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