Anglo American to sell SA coal mines to black controlled Seriti
Anglo American agreed to sell a group of SA coal mines to black-controlled Seriti Resources Holdings for about R2.3bn as it focuses on other commodities.
Norman Mbazima
Kumba exec shuffle: Appoints Anglo’s Mkhwanazi as new CEO
Kumba Iron Ore announced Tuesday that Themba Mkhwanazi will take the helm as chief executive from September 1, replacing Norman Mbazima.
More pain? Kumba to fight SARS on R5.5bn tax assessment
Kumba will defend itself against a R5.5 billion tax assessment by the South Africa Revenue Service.
Jobs bloodbath. Kumba, Lonmin downsizing. Minister sees 32 000 cuts.
Lonmin and Kumba Iron Ore plan to scale back operations, cut costs and reduce jobs at key mines as the slide in commodity prices bites further.
Kumba at the front of JSE stock declines
The selloff that made Kumba Iron Ore Ltd. the worst-performing South Africa stock is poised to persist as a rout that pushed prices for the steel-making ingredient to 10-year lows deepens.
Kumba expects to be granted a key mining licence by June
Although Anglo American’s iron ore subsidiary Kumba had to go to court to fight off an attempted hijacking of its mineral rights by the politically connected Gupta family, it retains confidence in the SA legal processes. The company expects to secure another important mining licence during the first half of 2014. Seeing the SA mining … Read more