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...But David Masondo, South Africa’s deputy finance minister and chair of the Public Investment Corporation, which owns 8.4 per cent of Anglo, said the state-owned entity had yet to take a position based on...
...Mining minister Gwede Mantashe told the FT last week he was personally opposed to a deal. State entity Public Investment Corporation is a major shareholder in Anglo....
...HOLD: Caledonia Mining Corporation (CMCL) The Zimbabwean gold miner is growing, but was buffeted by operational difficulties and higher costs, writes Alex Hamer....
...The company started off in 1917 after Ernest Oppenheimer, a German-born diamond trader, raised £1mn to found the Anglo-American Corporation to mine gold around Johannesburg....
...During his time running the investment bank it has had a there-and-back journey by selling out to the conglomerate Leucadia National Corporation before ultimately returning to its investment banking roots...
...South Africa’s Public Investment Corporation, a manager of government employee pension assets that is Anglo’s largest shareholder, said it would assess any offers presented to shareholders....
...The country’s Public Investment Corporation is Anglo’s biggest shareholder....
...When contacted by the Financial Times on Monday, South African state-owned entity Public Investment Corporation, which is Anglo’s second-biggest shareholder, reiterated that mining was a “critical part of...
...rid of South African assets”, said Bruce Williamson, a mining analyst with Integral Asset Management....
...In the autumn of 2020 at the height of the coronavirus pandemic, Australian mining behemoth BHP completed a relatively small oil deal in the Gulf of Mexico, buying out minority partner Hess Corporation....
...Investors have long considered South Africa to be somewhat of a “poison pill” for the mining company. The company’s largest investor is state entity Public Investment Corporation....
...The deal, which was initially valued at £31bn, would be the biggest on record for the mining sector....
...Shares of aluminium producer Alcoa fell 5.4 per cent after it made a $2.2bn offer to acquire Australian mining corporation Alumina Limited....
...The unsolicited approach sent shockwaves through the global mining sector, stoking the prospect of a bidding war....
...While it remains privately held, Trafigura has adopted some of the behaviours of a publicly listed corporation....
...That is, of course, unless and until replacement mining and enrichment capacity is built in the West....
...The US International Development Finance Corporation (DFC) has invested $105mn into TechMet, a $1bn critical minerals fund, which has pledged $50mn of equity for Rainbow Rare Earths, the company behind the...
...led to unnecessary costs for the Kazakh mining group....
...McDonald’s Corporation is not funding or supporting any governments involved in this conflict,” McDonald’s said, adding that “any actions” from local licensee partners “were made independently without McDonald...
...In August, the US International Development Finance Corporation supported $500mn of insurance for Gabon’s ocean territory, in a deal that helps lower the interest rate on the African nation’s debt....
...ad valorem payments to the ISA by mining companies....
...It sells gold from placer miners — small artisanal mining communities that extract the ore using eco-friendly methods and without slave labour or unethical practices....
...Renewables developers are increasingly striking long-term power deals with large corporations, helping both sides get some certainty over long-term power prices....
If prices rise much higher, miners should be encouraged to lift output
...Directors who fail to do so could be found liable for breaching their duty of care and diligence under Australia’s Corporations Act....
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