Anglo American Platinum announces 15% job cuts amidst economic pressures
Anglo American Platinum is cutting 15% of its workforce (3,700 jobs) due to economic pressures and operational challenges.
Anglo American Platinum
Former National Treasury Head to clean up scandal-plagued Moti Group in $1bn lithium operation
Former head of SA’s national treasury has been tasked with restructuring and improving compliance at Johannesburg’s Moti Group.
Impala Platinum announces fourfold increase in dividend
“The final dividend of R9.8bn (R12 a share) brings the total payout for the year through June to R22. That’s the equivalent of about 50% of free cash flow.”
Bad year for AngloGold – shares dropped 30% in past year, world’s worst mining stock
“AngloGold shares have dropped 30% in the past year, making it the worst-performing stock in the 113-company Bloomberg World Mining Index.”
Amplats earnings climb on higher commodity prices
Amplats headline earnings per share for the period are likely to increase by between 49% and 69% compared to the prior corresponding period.
VBS liquidators want Nkandla; Hawks investigate Malema; Mine strikes; Discovery share perks up
The wheels of justice are starting to turn a bit faster in South Africa, with former president Jacob Zuma and Economic Freedom Fighters leader Julius Malema both in the spotlight in connection with court action.
Amplats wants in on batteries to ease electric car threat
Amplats has an answer to the electric-car boom that may pose a long-term threat to its biggest market: invent a new battery.
Palladium breaks through $1,500 as shortages aid miners
Palladium surged above $1,500 an ounce to a record, extending a powerful rally that’s been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls.
Chris Griffith: Anglo Platinum’s leader on the CEO SleepOut, fuel cells and a challenge to his mining peers
Anglo Platinum CEO Chris Griffith is among the 200 CEOs who will be sleeping rough at Liliesleaf on July 11, getting a taste of conditions that homeless people experience every night.
Ramaphosa slams brakes on Zwane mining charter in bid to solve impasse
South African mining companies agreed to postpone a legal challenge to the government’s controversial new rules for the industry.