Anglo American PLC (AAL) News
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Aveng, Exxaro, Northam, Richemont May Move: South African Equities Preview
The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
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QR National Said to Seek Commitments for $2.7 Billion Loan by Sept. 10
QR National, an Australian state- owned freight operator, is seeking commitments by Sept. 10 for about A$3 billion ($2.7 billion) in loans for after an initial public offering, according to a person familiar with the plan.
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South African Stocks Snap Two Days of Gains, Led Down by Anglo, BHP, Sasol
South Africa’s FTSE/JSE Africa All Share Index snapped two days of gains, losing 315.31, or 1.1 percent, to 27,665.29 at the close in Johannesburg.
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De Beers Unit Says `Substantial' Amount of Gems Stolen at Namibian Plant
De Beers’ unit Namgem said a “substantial” amount of rough and polished diamonds has been stolen from its factory in Okahandja, 67 kilometers (42 miles) north west of the Namibian capital, Windhoek.
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South Africa Has Failed in Its Transformation Efforts, ANC's Malema Says
South Africa, having failed to restructure its economy after apartheid, should take full control of “critical” commodities and establish a state-owned bank, Julius Malema, the president of the youth league of the ruling African National Congress, said.
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Columbus Stainless Says Union Suspends Strike Action Pending Deal on Rules
Workers represented by the National Union of Metalworkers of South Africa at Africa’s largest stainless steel mill, run by a unit of Spain’s Acerinox SA, have suspended strike action today pending the finalization of picketing rules, Columbus Stainless Ltd. said in an e-mailed statement today.
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South African President Zuma Says Power Struggle Undermines the Ruling ANC
South African President Jacob Zuma said that members of the ruling African National Congress who were already debating his succession in public were undermining the party.
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Anglo American Seeks Coking Coal Assets in Russia, Mongolia
Anglo American Plc, the third- largest producer of steelmaking coal, is seeking an acquisition that may more than double output to meet rising demand from India and China.
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Anglo Unit Kumba Says Imperial's Sishen Rights Application Is `Fraudulent'
Kumba Iron Ore Ltd., a unit of Anglo American Plc, said an application by Imperial Crown Trading for a partial right over its Sishen ore mine in South Africa is “fraudulent.”
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South Africa Equities Advance, Led by Anglo American, BHP Billiton and MTN
South Africa’s FTSE/JSE Africa All Share Index rose 101.91, or 0.4 percent, to 27,942.89 in Johannesburg, bringing this week’s gain to 4.5 percent, the first increase in six.
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