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…
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…
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,…
Australia’s Syrah Resources saw its stock plummet by approximately 30% on Thursday after the company declared a force majeure at its Balama graphite mine due to escalating civil unrest in Mozambique following contested election results. Syrah Resources stands out as the largest graphite producer outside of China, offering one of the few non-Chinese sources of…
Rio Tinto confirmed the death of a contracting company employee at the SimFer port site in Guinea, with the global multinational extending condolences and support to those affected after the incident on the Simandou project in Morebaya, Guinea, on Saturday. In a statement released Monday, Rio Tinto Chief Executive Jakob Stausholm said: “Our deepest condolences…
The global manganese market is set to experience significant growth, driven by China’s reviving construction sector and supply disruptions following Tropical Cyclone Megan’s damage to South32’s GEMCO mine in Australia. Modor Intelligence reports that the global manganese market is expected to reach US$29.83 billion by 2028, up from US$24.45 billion in 2021. This is a…
