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Through the SIOC, Kumba Iron Ore owns Thabazimbi, Sishen and Kolomela iron ore mines. In 2010, Kumba Iron Ore was one of the more successful divisions of Anglo American plc, continuing to pay dividends to shareholders while Anglo American and Anglo Platinum had suspended dividends in 2008. [9]
Anglo American plc is a British multinational mining company with headquarters in London, England.It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal.
The final ruling was in favour of Kumba Iron Ore. [13] In 2015, despite being awarded the 21.4% stake by South African Department of Mineral Resources, Kumba again sought legal recourse due to conditions attached to the ruling. [14] Kumba released a statement in October 2016 announcing their 100% ownership of Sishen mine. [15]
Its platinum interests became Amplats, later renamed Anglo American Platinum. Anglo American is the company's majority shareholder. On 5 October 2012, Anglo American Platinum made 12,967 striking South African miners redundant. [1] In July 2014, Amplats announced it would sell many of its South African mines following the negative effect of ...
The company, Anglo-Transvaal Consolidated Investment Company Limited, was formed in Johannesburg, South Africa in June 1933. [1]: 48 It was the creation of mining engineer A.S. (Bob) Hersov, stockbroker Simeon (Slip) G. Menell and Norbert S. Erleigh with the purpose of reopening closed mines after the price of gold rose.
Location of South Africa. South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation. The World Bank classifies South Africa as an upper-middle-income economy, and a newly industrialised country.
AngloGold Ashanti's newly-appointed chief executive officer Alberto Calderon told Reuters on Tuesday he will take action to remove a roughly 80% discount in value relative to its gold mining peers ...
The company was formerly known as Kumba Resources Limited and changed its name to Exxaro Resources Limited in November 2006. Exxaro Resources Limited is a subsidiary of Main Street 333 Proprietary Limited. [10] Exxaro Resources announced in October 2012 plans for a "mine of the future" concept.