Latest news with #Anglo
Yahoo
2 days ago
- General
- Yahoo
New Iberia dedicates historical marker to Spanish founding fathers
NEW IBERIA, La. (KLFY) — hosted a dedication ceremony where they presented a historical marker in New Iberia, to pay tribute to the founding fathers who helped shape the United States into what it is today. Organizers say the location of the DAR marker is significant, because it is the place where a home was built by Dr. Leonard J. Smith in 1836. His nephew, Smith also lived in the home and planted the two oak trees when his first child was born. The trees are all that exist today. The community came together to honor three founding fathers, Francisco Segura, Gabriel Lopez and Juan Miguel. In addition, they honored the diverse cultures of the Spanish, French, Acadian, Anglo and Africans, who rallied behind Bernardo de Gálvez to fight the British during the American Revolution. One of the members of the daughters of the American Revolution, Susan Lissard, say the war played a huge part in America. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'This mark commentates the Louisiana Patriots who contributed to the cause of America's freedom and who settled along the banks of the Bayou Teche right here on what would one day become New Iberia,' said Lissard. The New Iberia chapter of the daughters of the American Revolution are also celebrating 100 years of service, while the United States is celebrating 250 years since becoming a country. 'This is a diverse group and oftentimes they are left off and so in the end the diversity of them coming together, it shows that our history really consists of all of these people and the things that they did to provide for our independence,' said Lissard. Cat who survived 400-foot Utah canyon fall adopted by rescuing pilot Abbeville addresses weekend noise and safety complaints on St. Peter Avenue New Iberia dedicates historical marker to Spanish founding fathers Four arrested in connection to Opelousas homicide Accidental blaze damages two units at Meadows West Apartments Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 days ago
- Business
- Yahoo
Valterra Platinum begins trading on Johannesburg bourse after separating from Anglo American
Valterra Platinum, a miner of platinum by value, marked its entry on the Johannesburg Stock Exchange (JSE) as an independent entity on Wednesday, according to a Reuters report. This move finalised the spin-off from its former parent company, Anglo American. The demerger of the Johannesburg-based platinum group metals (PGM) producer, previously known as Anglo American Platinum, aligns with Anglo's strategy to concentrate on the copper and iron ore sectors. Valterra's CEO, Craig Miller, emphasised that the company will focus on value creation and maintaining the high standards set during its tenure within the Anglo group. 'Part of our DNA is upholding those high standards and exemplifying who we are as a PGM producer,' Miller was quoted as saying, post-listing. Valterra's chief financial officer, Sayurie Naidoo, confirmed the company's intention to adhere to its capital allocation framework, with plans to distribute 40% of headline earnings. Naidoo also mentioned the potential for share buybacks should metal prices increase and generate surplus cash. Additionally, Valterra is preparing for a secondary listing in London on 2 June, the report said. Meanwhile, Anglo American is in the process of divesting from its platinum mining operations as part of a broader restructuring. This comes after the company successfully fended off a $49bn (A$76.08bn) takeover bid from BHP Group a year ago. Anglo has retained a 19% stake in the South African platinum miner and is also considering the sale or listing of its loss-making De Beers diamond unit, along with disposing of other assets. Anglo's CEO, Duncan Wanblad, has expressed that focusing on copper assets should enhance the company's value. However, there is speculation among analysts and investors that if Anglo's shares do not revalue as expected, it could become a target for another takeover bid. In related news, US-based Peabody Energy is reassessing its options concerning the acquisition of Anglo American's Tier 1 Australian steelmaking coal assets, valued at $3.78bn (£2.93bn), following a fire at the Moranbah North coal mine, which is included in the transaction. "Valterra Platinum begins trading on Johannesburg bourse after separating from Anglo American" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Valterra Platinum begins trading on Johannesburg bourse after separating from Anglo American
Valterra Platinum, a miner of platinum by value, marked its entry on the Johannesburg Stock Exchange (JSE) as an independent entity on Wednesday, according to a Reuters report. This move finalised the spin-off from its former parent company, Anglo American. The demerger of the Johannesburg-based platinum group metals (PGM) producer, previously known as Anglo American Platinum, aligns with Anglo's strategy to concentrate on the copper and iron ore sectors. Valterra's CEO, Craig Miller, emphasised that the company will focus on value creation and maintaining the high standards set during its tenure within the Anglo group. 'Part of our DNA is upholding those high standards and exemplifying who we are as a PGM producer,' Miller was quoted as saying, post-listing. Valterra's chief financial officer, Sayurie Naidoo, confirmed the company's intention to adhere to its capital allocation framework, with plans to distribute 40% of headline earnings. Naidoo also mentioned the potential for share buybacks should metal prices increase and generate surplus cash. Additionally, Valterra is preparing for a secondary listing in London on 2 June, the report said. Meanwhile, Anglo American is in the process of divesting from its platinum mining operations as part of a broader restructuring. This comes after the company successfully fended off a $49bn (A$76.08bn) takeover bid from BHP Group a year ago. Anglo has retained a 19% stake in the South African platinum miner and is also considering the sale or listing of its loss-making De Beers diamond unit, along with disposing of other assets. Anglo's CEO, Duncan Wanblad, has expressed that focusing on copper assets should enhance the company's value. However, there is speculation among analysts and investors that if Anglo's shares do not revalue as expected, it could become a target for another takeover bid. In related news, US-based Peabody Energy is reassessing its options concerning the acquisition of Anglo American's Tier 1 Australian steelmaking coal assets, valued at $3.78bn (£2.93bn), following a fire at the Moranbah North coal mine, which is included in the transaction. "Valterra Platinum begins trading on Johannesburg bourse after separating from Anglo American" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
IOL News
3 days ago
- Business
- IOL News
Anglo American's platinum spinoff lists in Johannesburg as Valterra
A dance group wearing mine workers' attire performs ahead of the listing of Anglo American's platinum unit under its new name, Valterra Platinum, at the Johannesburg Stock Exchange headquarters in Sandton, South Africa, May 28, 2025. Valterra Platinum, the world's biggest platinum miner by value, made its trading debut on the Johannesburg bourse as a standalone unit on Wednesday, completing a spin-off from parent Anglo American . Its shares opened weaker on the JSE before changing direction and were trading up 1.6% at 9.15am on Wednesday. Anglo's demerger of the Johannesburg-based platinum group metals producer, formerly known as Anglo American Platinum, comes as it shifts focus to copper and iron ore. London-listed Anglo is exiting the platinum mining business as part of a business revamp roughly a year on from surviving a $49 billion (R876bn) takeover attempt from bigger rival BHP Group . Anglo retained a shareholding of about 19% in the South African platinum miner. It is also selling its coking coal assets in Australia, nickel mines in Brazil and has said it is weighing whether to sell or list its loss-making De Beers diamond unit. REUTERS
AU Financial Review
4 days ago
- Business
- AU Financial Review
Why Anglo American's platinum spin-off may tempt BHP back to the table
Anglo American will complete the divestment of its South African platinum mines this week in a move that has prompted speculation it could revive BHP's takeover ambitions. Anglo shareholders voted to demerge the platinum division on April 30, with the change to take effect on June 2 when the spin-off, to be named Valterra Platinum, starts trading on the Johannesburg and London stock exchanges.
