Anglo American selling half its AngloGold stake: company continues shift to core assets; other units on block

Article Abstract:

UK mining firm Anglo American PLC will divest half of its 41.8% stake in South African company AngloGold Ashanti Ltd., with plans to sell the remainder within the next two years. Anglo American plans to sell 61 mil shares, valued at about $2.9 bil. The move is part of Anglo American's objective to eliminate noncore assets.

Mining & Extractive Industries, Mining, Gold ores, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, United Kingdom, Mining industry, Gold industry, Mineral industry, Anglo American PLC, AngloGold Ashanti Ltd.

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Uranium enjoys a new gold rush

Article Abstract:

South African gold mining companies are revisiting their fields seeking uranium, as a growing market in nuclear power is driving up prices for the radioactive metal. Spot prices have increased nearly tenfold during the past five years, and have more than doubled in the last six months to reach over $100 per pound.

Production management, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Commodity & service prices, All Other Basic Inorganic Chemical Manufacturing, Electric services, Primary Nonferrous Metals, Uranium Metal, Industrial inorganic chemicals, not elsewhere classified, Metal ores, not elsewhere classified, Reprocessed Activated Uranium, Economic aspects, Prices and rates, Nuclear industry, Discovery and exploration, Natural resources, Nonferrous metal industry, Nonferrous metal industries, Uranium, Company pricing policy

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South Africa's Naspers to buy Tradus PLC

Article Abstract:

South Africa's media firm Naspers Ltd. will purchase Tradus PLC, an Internet auction services firm, for $1.91 bil, representing a premium of 19%. The deal will enable Naspers to expand into the Eastern and Central European markets.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Eastern Europe, PRINTING AND PUBLISHING, Radio and Television Broadcasting, Online services, Internet services, Mass media industry, Cable television/data services

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