SA shareholders paved way for Carroll’s exit
Anglo American’s biggest shareholders in South Africa have met with Cynthia
Carroll two weeks ago to explain their objections to her management decisions.
Shabangu wants a South African to lead Anglo
Mineral Resources Minister Susan Shabangu says she hopes a South African will be
appointed as successor to Cynthia Carroll at the reins of Anglo American.
Anglo’s Cynthia Carroll quits
Cynthia Carroll, CEO of Anglo American since 2007, is to leave the organisation
once
a successor has been recruited, the group has said.
Anglo seeks new CEO as Carroll goes
Anglo American chairman John Parker will start a process to recruit a successor for
CEO Cynthina Carroll.
Genorah to keep Nkwe stake
Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is
safe following the lapse of a security lending agreement.
Talks on platinum forum lose momentum
Negotiatons on the establishment of a central bargaining platform for the platinum
sector is losing momentum, says a union official, while Amcu refuses to return to
talks.
Amplats slashes capex further
Anglo American Platinum has further reduced its planned capital expenditure for
2012 and expects unit costs to outstrip most of its margins.
Harmony says Kusasalethu strike nears end
Further evidence that the wildcat strikes that dogged South Africa’s mining sector
are winding up with Harmony saying its Kusasalethu mine had a good turnout this
morning.
DRDGold kicks off new era, aided by rand
A lift in recoveries and rand weakness from the strike contagion helped DRDGold to
a 51% operating profit gain in the September quarter.
Unions push for coal sector wage talks
Employees in the coal sector may soon stand to benefit from wage increases based
on job grade adjustments, similar to those afforded to striking workers in the gold
sector.