Resources lead S.African stock market firmer

(Reuters) - Resource shares continued to lead South African shares to higher ground on Tuesday, with heavyweight miners Anglo American and rival BHP Billiton leading the march.

"We have seen gold and copper prices up quite significantly on the back of improved global markets, which are more than anything driving our markets rather than what is happening locally," Gryphon Asset Management Chief Investment Officer, Abri du Plessis said.


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Anglo Platinum CEO says to resign end-Aug

(Reuters) - The company said it was serching for a new CEO and would
make an announcement at a later date. Angloplat is majority
owned by mining group Anglo American Plc .




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Copper bounces as spotlight falls on tight supplies

(Reuters) - Copper prices bounced on Monday as the spotlight switched to tight supplies and equities firmed, but fears about economic and demand growth could return to spook the market.

Recovering confidence in metals and equity markets helped London-listed miners such as Rio Tinto, BHP Billiton, Xstrata, Anglo American to rise between 0.6 and 2.3 percent.


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European Stocks Decline on Credit Concerns; Allianz, Anglo American Slide

(Bloomberg) -- European stocks had their biggest
weekly drop in almost five months on concern difficulties in the
credit market may curb mergers and acquisitions as investors are
shying away from risky debt.

Allianz SE and UBS AG led declines by financial companies.
Anglo American Plc, the world's second-largest mining company,
paced a retreat in mining shares as copper prices fell on
speculation a slump in homebuilding will reduce demand in the
U.S.


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Copper Workers at Chile's Collahuasi Mine Plan Strike Today; Price Gains

(Bloomberg) -- A union at Dona Ines de Collahuasi,
Chile's third-largest copper mine, plans to begin a strike over
wages today, adding to labor unrest in Latin America that may
curb global supplies of the metal and bolster prices.

``The strike is definitely on,'' union President Hernan
Farias said yesterday. The walkout is set to start at 8 a.m.
local time at the mine, which accounts for 2.6 percent of global
supply, Ferias said. The planned stoppage follows more than a
month of talks with owners Xstrata Plc and Anglo American Plc.


Read more at Bloomberg Emerging Markets News

Companies pledge at UN to cut carbon burdens

(Reuters) - More than 150 companies including Airbus, Coca-Cola and IKEA pledged on Friday to reduce the carbon burden of their operations in a voluntary pact urging governments to do more to confront climate change.

Drugmakers Novartis and Pfizer, mining giants Anglo American and Rio Tinto, and the luxury goods specialist LVMH were among the 153 firms who committed themselves to greater energy efficiency.


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Top executives seek to bolster UN business pact

(Reuters) - Top executives from some of the world's biggest companies sought on Thursday to bolster a U.N. corporate responsibility pact, saying their firms would benefit from stricter rules on corruption and the environment.

U.N. Secretary-General Ban Ki-moon backed calls from the heads of Coca-Cola, Anglo American and Petrobras for more checks and balances to ensure members of the seven-year-old Global Compact uphold its standards.


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Anglo sees no change in capital return policy

(Reuters) - Mining group Anglo American Plc does not expect to trim its generous policy on returning excess capital to shareholders now that it has a more aggressive growth stance, its chairman said on Thursday.

The company last year announced $7.5 billion in capital returns through share buybacks and special dividends and boosted that by an additional $3 billion in February.


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European Stocks Fall; Deutsche Bank, France Telecom, Anglo American Drop

(Bloomberg) -- European stocks declined for a third
day, led by financial shares and insurers, after the Bank for
International Settlements said central banks will need to keep
raising interest rates to quell inflation.

Deutsche Bank AG, Germany's largest bank, and insurer Axa SA
paced the drop. France Telecom SA fell the most in two weeks as
the French government is selling shares worth about 2.7 billion
euros ($3.6 billion). Anglo American Plc and Antofagasta Plc led
mining companies lower after Cazenove downgraded the stocks.


Read more at Bloomberg Stocks News

European Stocks Advance, Led by Anglo American, Voestalpine, TeliaSonera

(Bloomberg) -- European stocks advanced as rising
copper prices lifted mining companies including Anglo American
Plc. Voestalpine AG climbed to a record after Credit Suisse Group
raised its price estimate for the steelmaker's shares.

``The future prospects for raw-material producers are
sensational,'' said Herbert Perus, who helps oversee the equivalent
of $57 billion as head of global equities at Raiffeisen Capital
Management in Vienna. ``Looking at long-term demand for commodities,
the only way is up.''


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Anglo American considering Tarmac auction - paper

(Reuters) - Mining firm Anglo American Plc is considering a 3 billion pound auction of its building materials division Tarmac, the Sunday Times newspaper reported.

The newspaper said French cement maker Lafarge had already expressed an interest in buying the business, without giving sources.


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European Stocks Drop, Paced by Anglo American, Rio; OMX Surges on Takeover

(Bloomberg) -- European stocks dropped for a second
day, paced by mining companies, after copper in Shanghai fell the
most in a week and gold traded near a two-month low.

Anglo American Plc, the world's second-biggest mining
company, and Rio Tinto Plc, the third largest, paced the decline.
OMX AB surged after Nasdaq Stock Market Inc. agreed to buy
Europe's fifth-largest equity market.


Read more at Bloomberg Stocks News