Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing its holding in the takeover target. BHP, the world’s biggest listed mining group, is privately talking to investorsContinue Reading
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP Group Ltd. offered last week, according to analysts and traders surveyed by Bloomberg. Anglo American shares are trading 8.8% above the value of BHP’s rebuffed takeover proposal, aContinue Reading
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general meetings despite calls for public companies to return to an in-person format. After Barrick hosted its latest virtual-only AGM on Tuesday, CEO Mark Bristow said he “can’t see any reason” to return toContinue Reading
Zimbabwe’s only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices. Zimbabwe’s government owns 70% of Bindura Nickel Corporation’s Trojan nickel mine which employs about 1,100 people according to Bindura’s latest annual report.Continue Reading
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.Continue Reading
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South Africa on May 1. The company did not disclose how the worker died, saying the incident was currently under investigation. Mponeng is the deepest shaft in the world, with aContinue Reading
Atlantic Lithium (AIM: ALL, ASX: A11) has become the first near-term lithium producer to be listed on the Ghana Stock Exchange after obtaining approvals from both the GSE’s listing committee and Ghana’s Securities and Exchange Commission. The company is currently advancing its flagship lithium project, Ewoyaa, a hard rock spodumene depositContinue Reading
Metso’s intelligent crushing and screening offering is expanding with a new software application called Metso Remote IC The new Metso Remote IC is used for remote control and monitoring of the crushing and screening process, and it connects wirelessly all the Lokotrack crushers and screens at the site. With the MetsoContinue Reading
Indeco has highlighted the benefits of its HP Fuel Saving Hydraulic Hammers which are built to deliver superior performance whilst consuming 20% less fuel than competing models The hammers were introduced some years ago in response to client demands. Indeco took note of the increasingly competitive landscape alongside the risingContinue Reading
SRK Consulting South Africa, a leading mining consultancy firm, is commemorating the contributions made by women to the company’s success This announcement comes as the company celebrates its 50th anniversary this year. It has embarked on a deliberate process to create an environment that is conducive to the success ofContinue Reading
