Anglo American appoints takeovers expert as new chairman

Anglo American (LON:AAL), the world’s fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group. Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November. Stuart Chambers is known for his active participation in the sale of several[…]

South Africa blames AngloGod, Sibanye of refusing to comply with safety laws

The South African government has singled out two of the country’s biggest gold miners, Sibanye Gold (JSE:SGL) (NYSE:SBGL) and AngloGold Ashanti (JSE:ANG) (NYSE:AU), as responsible for risking workers lives by refusing to comply with mining laws. “If companies cannot mine safely, they should not be mining at all, and should allow other potential holders,” the Department of[…]

Copper takes some shine off Anglo American’s results

Anglo American (LON:AAL) reported Thursday higher output for most of the commodities it mines during the fourth quarter of last year, except for copper, which output declined a staggering 19% compared to the same period a year earlier. Anglo saw operational improvements across its portfolio, but copper output suffered from lower grades, bad weather and[…]