Last week, Anglo American’s platinum operations officially began trading as Valterra Platinum on the Johannesburg Stock Exchange (JSE) under the ticker ‘VAL’, marking a pivotal moment in the mining giant’s strategic overhaul. The move, followed by a secondary listing on the London Stock Exchange (LSE) , closely mirrors a similar portfolio simplification undertaken by fellow…
In a significant move aimed at boosting its economy and adding value to its natural resources, Gabon has announced a ban on the export of raw manganese ore, effective January 1, 2029. The decision, spearheaded by President Brice Oligui Nguema’s government, is a cornerstone of the nation’s broader strategy to industrialise and reduce its reliance…
Rio Tinto is on the hunt for a new CEO, yet again. Following a recent CEO announcement by a peer company, South32, Rio Tinto has confirmed that current CEO Jakob Stausholm will depart later this year once a successor is appointed. This latest leadership change, coming amidst a period of strategic realignment and heightened investor…
The call for a concerted fight against porous borders and a coordinated battle against rampant criminality in South Africa was articulated at the highest levels of bilateral relations with the USA last night, as the world watched on live television broadcasts that have become the hallmark of President Trump’s administration. With multiple stakeholders finally conceding…
The United States and Saudi Arabia have formalised an agreement to collaborate on mining and mineral resources, forming a key component of a sweeping economic and strategic partnership valued at a staggering $600 billion. This extensive package, announced during U.S. President Donald Trump’s visit to the Kingdom, also encompasses landmark deals in defense and cutting-edge…
South African coal producer Exxaro Resources announced a binding agreement to acquire a portfolio of high-quality manganese assets for a total unadjusted purchase price of R11.67 billion (approximately $637 million). This acquisition marks a major step in Exxaro’s diversification strategy, expanding its commodity base into minerals crucial for the energy transition. The deal encompasses…
Daley Steps into South32 CEO Role, Succeeding Kerr After Anglo American Exit Global mining and metals company South32 (JSE: S32) has announced the appointment of Matthew Daley as its new Chief Executive Officer (CEO), coinciding with a leadership transition at his former employer, Anglo American. Daley will succeed Graham Kerr, who will step down from…
South Africa is intensifying its efforts to overhaul its energy infrastructure amidst growing concerns over an impending “gas cliff” that threatens significant economic disruption and job losses. Recent government announcements highlight a two-pronged strategy focusing on boosting gas-to-power (GtP) capacity and expanding liquid fuel import and storage facilities. However, these initiatives are unfolding against the…
Despite its successful political transition, South Africa’s digital journey is marked by stagnation, a contradiction highlighted by Gugu Lourie’s recent Techfinancials report. The article highlights SITA’s operational challenges and the growing trend of frustrated government departments bypassing the state’s shared IT procurement framework in favour of direct sourcing from private IT services, often from suppliers…
The world’s biggest asset manager announced last week Thursday it will leave the $60-trillion 0Net Zero Asset Managers Initiative (NZAMI), the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians and, chiefly, from the return of Donald Trump to the White House. BlackRock, which manages some $11.5 trillion,…
