Mining http://www.globalpost.com/taxonomy/term/23824/all en UPDATE 3-Australian mining veteran Cutifani to head Anglo http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-3-australian-mining-veteran-cutifani-head-anglo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Cutifani to take reins at Anglo American on April 3</p> <p>* Has been CEO of AngloGold Ashanti since 2007</p> <p>* Anglo shares trade more than 2 percent higher</p> <p>By Clara Ferreira-Marques</p> <p>LONDON, Jan 8 (Reuters) - Australian gold mining executive<br /> Mark Cutifani, a one-time trainee miner, has been appointed<br /> chief executive of Anglo American, taking on what<br /> analysts and investors say is one of the toughest jobs in the<br /> business.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-3-australian-mining-veteran-cutifani-head-anglo" target="_blank">read more</a></p> Anglo American plc Anglo Platinum AngloGold AngloGold Ashanti Bobby Godsell Business Company Location Company Reorganization Cynthia Carroll Dividend Employment Change Mark Cutifani Mark Cutifani Mining Person Attributes Person Career Quotation Technology Thomson Reuters Tue, 08 Jan 2013 13:52:06 +0000 5731480 at http://www.globalpost.com NEWSMAKER-Mining everyman Cutifani picked as Anglo chief http://www.globalpost.com/dispatch/news/thomson-reuters/130108/newsmaker-mining-everyman-cutifani-picked-anglo-chief <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>By Clara Ferreira-Marques</p> <p>LONDON, Jan 8 (Reuters) - An Australian former coal miner,<br /> Anglo American's newly appointed chief executive is a<br /> far cry from the patrician Oppenheimer family who founded one of<br /> the world's largest mining groups almost a century ago.</p> <p>Mark Cutifani, colleagues say, eats lunch in the staff<br /> canteen with the rank-and-file. When he arrived at his current<br /> job running AngloGold Ashanti, the world's<br /> third-largest gold mining group, he took the doors off the<br /> executive offices.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/newsmaker-mining-everyman-cutifani-picked-anglo-chief" target="_blank">read more</a></p> AngloGold Ashanti Mark Cutifani Mark Cutifani Mining Thomson Reuters Tue, 08 Jan 2013 16:45:31 +0000 5731696 at http://www.globalpost.com RPT-NEWSMAKER-Mining everyman Cutifani picked as Anglo chief http://www.globalpost.com/dispatch/news/thomson-reuters/130108/rpt-newsmaker-mining-everyman-cutifani-picked-anglo-chief <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Clara Ferreira-Marques</p> <p>LONDON, Jan 8 (Reuters) - An Australian former coal miner, Anglo American's newly appointed chief executive is a far cry from the patrician Oppenheimer family who founded one of the world's largest mining groups almost a century ago.</p> <p>Mark Cutifani, colleagues say, eats lunch in the staff canteen with the rank-and-file. When he arrived at his current job running AngloGold Ashanti, the world's third-largest gold mining group, he took the doors off the executive offices.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/rpt-newsmaker-mining-everyman-cutifani-picked-anglo-chief" target="_blank">read more</a></p> AngloGold Ashanti Mark Cutifani Mark Cutifani Mining Thomson Reuters Tue, 08 Jan 2013 21:00:24 +0000 5731841 at http://www.globalpost.com Pain ahead as Anglo prepares to unveil South Africa platinum plan http://www.globalpost.com/dispatch/news/thomson-reuters/130110/pain-ahead-anglo-prepares-unveil-south-africa-platinum-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Ed Stoddard and Clara Ferreira-Marques</p> <p>RUSTENBURG, South Africa/LONDON, Jan 10 (Reuters) - Miner Evans Ramokga has a warning for Anglo American as the mining group prepares to unveil a revival plan for its South African platinum business: don't close any shafts.</p> <p>"If one shaft closes, we stop all the shafts," said Ramokga, a winch operator at Anglo American Platinum (Amplats) and AMCU union activist, sitting in a fast food restaurant in the platinum belt city of Rustenburg.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/pain-ahead-anglo-prepares-unveil-south-africa-platinum-plan" target="_blank">read more</a></p> AngloGold Ashanti Business Chemistry Disaster Entertainment Labor Law Mining Thomson Reuters Thu, 10 Jan 2013 15:00:40 +0000 5732645 at http://www.globalpost.com RPT-Pain ahead as Anglo prepares to unveil South Africa platinum plan http://www.globalpost.com/dispatch/news/thomson-reuters/130110/rpt-pain-ahead-anglo-prepares-unveil-south-africa-platinum-plan <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Repeats story published late Thursday; no changes to text)</p> <p>By Ed Stoddard and Clara Ferreira-Marques</p> <p>RUSTENBURG, South Africa/LONDON, Jan 10 (Reuters) - Miner Evans Ramokga has a warning for Anglo American as the mining group prepares to unveil a revival plan for its South African platinum business: don't close any shafts.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/rpt-pain-ahead-anglo-prepares-unveil-south-africa-platinum-plan" target="_blank">read more</a></p> AngloGold Ashanti Business Chemistry Disaster Entertainment Labor Law Mining Thomson Reuters Thu, 10 Jan 2013 23:00:12 +0000 5732905 at http://www.globalpost.com UPDATE 5-Swatch buys "diamond king" Harry Winston's luxury arm http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-5-swatch-buys-diamond-king-harry-winstons-luxury-arm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Enterprise value of $1 billion</p> <p>* Harry Winston mining arm renamed Dominion Diamond Corporation</p> <p>* Swatch, Harry Winston shares rise</p> <p>By Silke Koltrowitz and Clara Ferreira-Marques</p> <p>ZURICH/LONDON, Jan 14 (Reuters) - Switzerland's Swatch has agreed to buy the high-end jewellery arm of Harry Winston in a $1 billion deal which expands the watchmaker's luxury offering and leaves the Canadian group to concentrate on its diamond mines.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-5-swatch-buys-diamond-king-harry-winstons-luxury-arm" target="_blank">read more</a></p> Entertainment Fashion Mining Technology The Swatch Group Thomson Reuters Mon, 14 Jan 2013 16:30:44 +0000 5734230 at http://www.globalpost.com Britain's FTSE runs up against resistance to miner strength http://www.globalpost.com/dispatch/news/thomson-reuters/130115/britains-ftse-runs-against-resistance-miner-strength <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index gains 0.1 percent</p> <p>* Blue-chips receive support at 6,100 after early weakness</p> <p>* Rio bullish on output, ENRC leads gainers</p> <p>* Burberry rises after 9 pct rise in revenue</p> <p>By Alistair Smout</p> <p>LONDON, Jan 15 (Reuters) - UK shares edged up on Tuesday, helped by expectations of higher mining output this year but unable to move above a fresh 4-1/2 year peak set in the previous session.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/britains-ftse-runs-against-resistance-miner-strength" target="_blank">read more</a></p> Business Entertainment Eurasian Natural Resources Corporation Mining Rio Tinto Group Thomson Reuters Tue, 15 Jan 2013 13:00:29 +0000 5734679 at http://www.globalpost.com TIMELINE-Amplats restructures, shedding mines and 14,000 jobs http://www.globalpost.com/dispatch/news/thomson-reuters/130115/timeline-amplats-restructures-shedding-mines-and-14000-jobs <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 15 (Reuters) - Here is a look at troubles at Anglo American Platinum, also known as Amplats, the world's top platinum producer, after it said it would mothball two South African mines, sell another and cut 14,000 jobs.</p> <p>Amplats is 80 percent owned by Anglo American.</p> <p>July 22, 2012 - Neville Nicolau announces his resignation as chief executive at Amplats.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/timeline-amplats-restructures-shedding-mines-and-14000-jobs" target="_blank">read more</a></p> Amplats Anglo Platinum AngloGold Ashanti Labor Mining Thomson Reuters Tue, 15 Jan 2013 16:30:24 +0000 5734812 at http://www.globalpost.com UPDATE 6-Anglo platinum arm sheds 14,000 jobs, risking unrest http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-6-anglo-platinum-arm-sheds-14000-jobs-risking-unrest <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Labour leaders threaten strikes after plan</p> <p>* Khuseleka, Khomanani mines mothballed, Union for sale</p> <p>* Platinum price higher than gold for first time in 10 months</p> <p>* Amplats, Anglo shares fall after government concern</p> <p>By Ed Stoddard</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-6-anglo-platinum-arm-sheds-14000-jobs-risking-unrest" target="_blank">read more</a></p> AngloGold Ashanti Entertainment Labor Mining Rustenburg Social Issues Thomson Reuters Tue, 15 Jan 2013 09:45:51 +0000 5734605 at http://www.globalpost.com European shares end flat; miners the main drag http://www.globalpost.com/dispatch/news/thomson-reuters/130116/european-shares-end-flat-miners-the-main-drag <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>PARIS, Jan 16 (Reuters) - European shares ended mostly flat on Wednesday, bouncing off intraday lows as many investors used the early dip to boost their exposure to equities, with mining shares the main drag.</p> <p>The FTSEurofirst 300 index of top European shares unofficially closed 0.01 percent higher at 1,160.36 points, after losing as much as 0.5 percent earlier in the session.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/european-shares-end-flat-miners-the-main-drag" target="_blank">read more</a></p> Mining Rio Tinto Group Thomson Reuters Wed, 16 Jan 2013 19:24:49 +0000 5735166 at http://www.globalpost.com Mining stocks weigh down Britain's FTSE http://www.globalpost.com/dispatch/news/thomson-reuters/130116/mining-stocks-weigh-down-britains-ftse <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 down 0.2 percent</p> <p>* Anglo knocked by Amplats strikes, Kumba warning</p> <p>* Shire rises on AstraZeneca bid talk -traders</p> <p>By Tricia Wright</p> <p>LONDON, Jan 16 (Reuters) - Weak mining stocks tipped Britain's top shares into negative territory on Wednesday, led lower by Anglo American, which was knocked by worker unrest at its platinum mines.</p> <p>Anglo American fell 3.1 percent, underperforming a 1.4 percent decline in the mining sector.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/mining-stocks-weigh-down-britains-ftse" target="_blank">read more</a></p> Economic history Economics Mining Politics Thomson Reuters Wed, 16 Jan 2013 19:23:57 +0000 5735146 at http://www.globalpost.com UPDATE 4-Striking Amplats miners agree to return to work http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-4-striking-amplats-miners-agree-return-work <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Workers angry as 14,000 jobs on line</p> <p>* Amplats says initiatives needed to restore profits</p> <p>* New wave of strikes would be crippling to S.Africa's mines</p> <p>* Anglo drags FTSE 100 index lower (Recasts with strike to end)</p> <p>By Ed Stoddard</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-4-striking-amplats-miners-agree-return-work" target="_blank">read more</a></p> Anglo Platinum Business Entertainment Labor Law Mining Mining in the United Kingdom Thomson Reuters Wed, 16 Jan 2013 19:26:20 +0000 5735181 at http://www.globalpost.com Rio Tinto CEO to step down after $14 bln charge http://www.globalpost.com/dispatch/news/thomson-reuters/130117/rio-tinto-ceo-step-down-after-14-bln-charge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 17 (Reuters) - Global miner Rio Tinto said its chief executive would step down after it announced a $14 billion non-cash impairment charge in its 2012 results due to problems in Mozambique and aluminium assets.</p> <p>The group said Tom Albanese would step down as chief executive by mutual agreement with the Rio Tinto Board, and he would be replaced by Iron Ore Chief Executive Sam Walsh.</p> Mining Rio Tinto Group Thomson Reuters Thu, 17 Jan 2013 08:00:03 +0000 5735458 at http://www.globalpost.com UPDATE 5-Rio Tinto CEO pays price of calamitous acquisitions http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-rio-tinto-ceo-step-down-after-14-bln-charge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Tom Albanese sacked with no pay-off</p> <p>* Iron Ore boss Sam Walsh to step in</p> <p>* Takes $14 bln writedown on aluminium, coal</p> <p>* Rio London-listed shares fall over 2 percent</p> <p>By Clara Ferreira-Marques</p> <p>LONDON, Jan 17 (Reuters) - Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown almost entirely on the value of his two most significant acquisitions, the Alcan aluminium group and Mozambican coal.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-rio-tinto-ceo-step-down-after-14-bln-charge" target="_blank">read more</a></p> Business Dual-listed companies Mining Mining companies of Canada Rio Tinto Thomson Reuters Thu, 17 Jan 2013 08:15:33 +0000 5735467 at http://www.globalpost.com Rio hit and earnings concerns weigh on Europe shares http://www.globalpost.com/dispatch/news/thomson-reuters/130117/rio-hit-and-earnings-concerns-weigh-europe-shares <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 17 (Reuters) - European shares were subdued on Thursday as a writedown at miner Rio Tinto and a cautious outlook at chip maker ASML highlighted concerns that weak corporate earnings may peg back equities in the near term.</p> <p>The pan-European FTSEurofirst 300 index fell by nearly 0.1 percent to 1,159.00 points at the open, although it later edged back to trade roughly flat at 1,159.65 points.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/rio-hit-and-earnings-concerns-weigh-europe-shares" target="_blank">read more</a></p> Mining Politics Rio Tinto Group Thomson Reuters Thu, 17 Jan 2013 08:30:29 +0000 5735472 at http://www.globalpost.com