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...The business has also been hit by price collapses for diamonds and platinum as well as problems at its Quellaveco copper project in Peru that only started production in 2022....
...DiGiCo equipment was used in a concert to celebrate the late Queen’s platinum jubilee in 2022, as well as by pop stars including Natalie Imbruglia....
...Anglo American Platinum plans to cut 3,700 jobs in South Africa in a bid to cut costs at one of the mining group’s most troubled divisions....
...Anglo American’s board has rejected BHP’s takeover offer, saying that the proposal “significantly undervalues” the copper, iron ore and platinum producer....
...These include De Beers, its platinum division and its metallurgical coal mines....
...South Africa’s Impala Platinum said that eleven mineworkers died when a shaft lift malfunctioned at the company’s underground mine in Rustenburg, in the country’s northwestern platinum belt....
...Platinum has been down 18 per cent over the same period....
...The deal, however, would be conditional on Anglo American demerging its South African-based platinum and iron ore divisions, which make up £6bn and £4.2bn, respectively, of the company’s value under the...
...Anglo American, one of the few miners to build a copper mine in recent years, offers growth in the red metal, buried amid its South African iron ore and platinum assets....
...South Africa’s mining minister was campaigning in Rustenburg, the northern capital of the country’s platinum belt, when news broke of BHP’s £31bn proposal to take over Anglo American....
...Louis Vuitton High Jewellery gold, diamond and ruby Destiny bracelet Graff platinum and 15.32ct oval diamond ring and platinum and 10.52ct emerald-cut diamond ring....
...Anglo said that as part of any deal, BHP was proposing spin-offs of two Anglo units — Anglo American Platinum, the platinum division known as Amplats, and Kumba Iron Ore....
...London-listed shares in Anglo American have been down by more than a third since the start of last year, putting its market capitalisation at £29bn, as the company’s De Beers diamond division and platinum...
...Under BHP’s proposal, the London-listed miner would have been broken up, spinning off its South African-based platinum metals and iron ore divisions....
...Subtlety comes in the form of delicate floral details, as in Harry Winston’s Cluster earrings, where marquise diamonds are set in platinum to mimic petals, or in the amalgam of diamonds and platinum in Boodles...
...South Africa, where Anglo American has iron ore, steelmaking coal and platinum mines, has become an increasing drag on production because of crippling problems in the logistics and power sector....
...The miner’s proposed deal, which requires the separation of stakes in Johannesburg-listed Anglo American Platinum and Kumba Iron Ore, is overly complicated and politically fraught....
...That’s because more than $4.5bn of ebitda disappeared from its platinum and nickel operations alone....
...The current all-stock approach excludes Anglo’s platinum and iron ore businesses in South Africa, which are independently listed in Johannesburg....
...This week, the group announced almost 4,200 jobs would be under threat at its South African platinum group metals and iron ore mines, as it seeks to cut costs....
...Founded in 1917, Anglo is among the 25 most valuable companies on the London Stock Exchange, with a global portfolio spanning coveted copper mines in Chile and Peru, challenging platinum projects in South...
...Anglo American: Shares fell 1.79 per cent after the mining group’s subsidiary Anglo American Platinum announced plans to cut 3,700 jobs, almost a fifth of its headcount....
...It would also have to assume a net debt position of USD10.6bn, which would increase post-closing of deal, we think, as both Kumba and Anglo Platinum, which are consolidated, are net cash....
...Its members included platinum-selling bands such as Stone Temple Pilots....
...BHP said it would not take Anglo’s South African iron ore and platinum divisions, which are independently listed. Shares in those units fell on Thursday....
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