MINING CORPORATIONS – SOUTH AFRICA

Anglo boss eyes healthy coal exit

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Original article by Nick Evans
The Australian – Page: 17 & 20 : 17-Feb-20

Anglo American will decide whether to sell its remaining coal mines by the end of 2020, says CEO Mark Cutifani. He notes that thermal coal now accounts for less than five per cent of group EBITDA, after selling a number of thermal coal mines in recent years. However, he adds that finding buyers for thermal coal mines has become more challenging, given that other mining companies are exiting the sector.

CORPORATES
ANGLO AMERICAN PLC, BHP GROUP LIMITED – ASX BHP, GLENCORE PLC

Gold shines on great western front

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Original article by Nick Evans
The Australian – Page: 17 & 18 : 5-Aug-19

The Gruyere gold mine in Western Australia is slated to produce about 300,000 ounces of gold a year over a 12-year mine life. The mine is a joint venture between Australian-listed Gold Road Resources and South Africa-based Gold Fields, with the latter having been brought in to develop and operate the greenfield project. Gold Fields’ other assets in Australia include Agnew, St Ives and Granny Smith mines, and its Australasian executive vice-president Stuart Mathews has downplayed suggestions that it could offload any of them.

CORPORATES
GOLD ROAD RESOURCES LIMITED – ASX GOR, GOLD FIELDS LIMITED, REGIS RESOURCES LIMITED – ASX RRL, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, SILVER LAKE RESOURCES LIMITED – ASX SLR, RAMELIUS RESOURCES LIMITED – ASX RMS, DACIAN GOLD LIMITED – ASX DCN, GASCOYNE RESOURCES LIMITED – ASX GCY

Coal mining crisis to hit at home

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Original article by Amanda Saunders, James Chessell
The Australian Financial Review – Page: 1 & 4 : 10-Dec-15

Anglo American CEO Mark Cutifani has revealed plans to offload or close 35 of its mines worldwide and significantly reduce its global workforce. At least four of the group’s Australian mines are expected to be affected by the restructuring, although Anglo American is likely to retain the majority of its metallurgical coal mines in Australia. Anglo American will also abandon its progressive dividend policy, and shareholders will not receive a dividend payment in 2015 and 2016.

CORPORATES
ANGLO AMERICAN PLC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SOUTH32 LIMITED – ASX S32, UBS HOLDINGS PTY LTD, PENGANA CAPITAL LIMITED, GLENCORE PLC, ANTAMINA, CERREJON, SAMARCO MINERACAO SA, MITSUI AND COMPANY LIMITED