ANGLO AMERICAN
Cyril Ramaphosa brings hope for mining, says Mbazima
Anglo American, which has stopped sales of mines in SA, wanted to boost iron-ore, coal and manganese output but was unable to due to the lack of rail and port capacity, Anglo American SA deputy chairman Norman Mbazima said. In a wide-ranging interview at the African Mining Indaba this week, Mbazima said the election of Cyril Ramaphosa as president of the ANC and soon-to-be president of the country was positive for the mining industry. The constraints of rail have been felt across the three commodities by a number of players, with BHP champing at the bit to export more manganese from the Northern Cape to Port Elizabeth before it unbundled South African and other assets into South32. Mbazima said Anglo was keen to feed more minerals into the market, but simply could not because of the capacity constraints within the state-owned rail and port facilities. Anil Agarwal, a billionaire Indian businessman who chairs India’s largest mining company, Vedanta, has taken a 21% stake in Anglo, ma...
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