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 has been reviewing its business since mid-2023, looking at every mine in its portfolio to help...
Kumba announced on Monday that it would start a section 189A process, which could result in 490 job losses across its operations. This is due to the group having to slow down production in response to a deterioration in Transnet rail services.
These measures will contribute to about R2.5bn to...
Anglo American Platinum has proposed a restructure of its business that may affect about 3 700 jobs across its South African operations.
The so-called section 189A process involves a consultation period with trade unions and affected employees and will be facilitated by the Commission for...
South African government has plan for private companies to take over Transnet mess
The South African presidency has a plan to reverse the collapse of a state-run ports and freight-rail sector that’s cost the economy at least $26.7 billion (R502.33 billion) since 2010: hand over most of the...
South African companies betting big on private power — including electricity from cow dung
South African businesses are investing billions into self-generating power capacity to combat the impact of load-shedding on their operations and reduce their carbon footprint.
In the last few months...
Anglo American unveils world's biggest hydrogen trucks at SA mine
Anglo American Plc on Friday unveiled the world’s biggest green-hydrogen powered truck at a platinum mine in northeast South Africa where it aims to replace a fleet of 40 diesel-fueled vehicles that each use about a million...
Anglo American planning up to 5,000MW of solar and wind power for SA mines
Anglo American Plc’s plans to target carbon neutrality at its mining operations will bolster South Africa’s renewable electricity output and provide a major boost to private generation in the energy-starved nation...
Mines could spend R60 billion to fight load-shedding
South African mining companies could spend R60 billion on renewable energy projects, helping to ease the country’s electricity supply crisis.
Oppenheimers set up shop in Singapore after selling De Beers for R73 billion
The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.
Edoardo Collevecchio, the former chief of staff for...