July
South Africa open to deals – it’s all in the approach
South Africa’s government will do deals, like the ones BHP would need to acquire Anglo American, but they need to be done discreetly.
- Anthony Macdonald
May 2023
Gold price headed for ‘uncharted territory’
Macquarie is tipping the price of the precious metal will test the record high hit in the depths of the pandemic, with several local miners set to benefit. Morgan Stanley also rates some stocks a buy.
- Tom Richardson
April 2023
Gold miner Regis sinks on production hiccup, squanders tax windfall
Shares in Regis Resources sank 11 per cent after the company snipped its full-year production guidance.
- Updated
- Elouise Fowler
February 2023
A Tasmanian geologist’s fortune implodes in the Congo
The battle for control of the world’s richest lithium deposit has escalated into a potential $4.6 billion market wipeout, legal disputes, and ferocious feuding.
- Tom Richardson and Aaron Patrick
March 2022
Australia urged to follow US push into scope 3 disclosures
Big Australian companies are likely to be affected by proposed US rules that would require enhanced reporting of carbon emissions, including those of customers.
- Peter Ker and Jacob Greber
- Opinion
- Chanticleer
Boral’s energy pain comes from Russia with blood
Boral won’t be the last ASX company to see its profitability hit by the rapid rise in oil and coal prices due to the war in Ukraine.
- James Thomson
September 2021
Guinea military unit seizes power, suspends constitution
The West African nation vies with Australia as China’s largest supplier of bauxite, used to make alumina and eventually aluminium.
- Ougna Camara and Baudelaire Mieu
July 2021
AngloGold Ashanti swoops on former Orica boss
Alberto Calderon, who is set to lead the world’s third-biggest gold miner, predicts a bright future for gold as a store of value.
- Brad Thompson
October 2019
AngloGold assessing asset bids as it eyes South Africa exit
AngloGold Ashanti said it has advanced its South African asset-sale process and is currently examining a number of bids from investors.
- Felix Njini
February 2016
Australian gold producers are having a picnic
While resources such as iron ore, coal, oil and metals have suffered dreadful price falls over the past year, one metal Is standing firm for Australia investors – gold.
- Updated
- Trevor Sykes
January 2015
Cashed up nickel miners explore growth options
Panoramic Resources managing director Peter Harold said he expects an increase in mergers and acquisitions in the nickel sector this year as cashed up miners take advantage of market conditions.
- Tess Ingram
Tyre-kickers around Anglo’s Tropicana
South African miner AngloGold Ashanti has sparked interest in its $1.2 billion stake in the Tropicana gold mine in Western Australia, after the company suggested it was open to asset sales.
- Sarah Thompson, Anthony Macdonald and Jake Mitchell
October 2014
Ausdrill (ASL)
Morningstar upgraded mining services company Ausdrill to “accumulate” from “hold” as it moved through a price trigger.
- Updated
- Elise Shaw
September 2014
AngloGold Ashanti dumps demerger plans
AngloGold Ashanti has scrapped plans for a $2.5 billion demerger just a week after they were announced, after investors led by billionaire hedge fund manager John Paulson fought the move.
- Updated
- James Thomson
History of demergers, spinoffs in mining says there will be more
Analysts are split over whether the spinoffs unveiled by BHP Billiton and AngloGold Ashanti could be the start of a broader industry trend, but agree they will see investors increase pressure on management to deal with underperforming assets.
- Updated
- Amanda Saunders
AngloGold to spin off international assets
Western Australia’s Tropicana gold mine is set to be the jewel in the crown of a new global resources company as AngloGold Ashanti follows in the footsteps of BHP Billiton and spins off assets.
- Updated
- Julie-anne Sprague and Tess Ingram
AngloGold Ashanti may shelve ASX listing
AngloGold Ashantimay shelve its Australian sharemarket listing as it spins off its mining and exploration assets outside South Africa into a new London-based company.
- Updated
- Angela Macdonald-Smith and Amanda Saunders
Paulson Says He Opposes ?Destructive? AngloGold Share Sale Plan
John Paulson, the billionaire whose hedge fund holds 6.6 per cent of AngloGold Ashanti, says spinning off non-South African assets will destroy shareholder value.
- Updated
June 2014
Time to consider investing in gold
Because sentiment on gold is so negative now, some experts recommend buying the precious metal and putting it in “the bottom drawer”.
- Updated
- Brendan Swift
March 2014
AngloGold opens Australia’s fourth biggest mine
The world’s third largest gold producer AngloGold Ashanti is aiming to further drive down costs across its operations as it formally opened the nation’s fourth largest gold mine in Western Australia on Thursday.
- Updated
- Julie-anne Sprague