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Anglo considers options to sell coal assets after Australia fire

Published: 03 Jul 24

Anglo American is considering options to push ahead with a sale of its coal business after an explosion at its flagship Australian mine, including the possibility of selling individual assets or excluding the damaged operation from a potential deal. The plan to exit coal formed part of a dramatic restructuring program announced earlier this year by Anglo, as the London-based miner was trying to fend off a takeover pursuit by larger rival BHP Group.

First Quantum jumps 5% on Panama plans for mine environmental audit

Published: 03 Jul 24

Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama mine to decide whether it can safely reopen. Panama's government ordered the closure of the Cobre Panama mine, one of the newest and biggest copper mines in the world, in December after protests calling for more environmental protections erupted across the country and a court ruling deemed the contract to run the mine unconstitutional.

111 employees, 1 130 contractor employees impacted by Sibanye gold operation restructuring

Published: 02 Jul 24

Multinational mining and metals processing group Sibanye-Stillwater has reported that 111 employees and 1 130 contractor employees have been retrenched as a result of the restructuring of its South African gold operations. Sibanye has concluded consultations with stakeholders in terms of Section 189A of the Labour Relations Act.