Press releases

Avmin and Chambishi Metals update

18 December 2001

In its results for the year ended 30 June 2001, published on 30 August 2001, Anglovaal Mining Limited (Avmin) informed shareholders that the results for the year ending 30 June 2002 are not expected to show an improvement over those for 2001.
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Co-operation agreement signed between Stimela and the IDC

8 November 2001

Following the formation of a joint venture between Stimela and Avmin regarding Stimela’s shares in Iscor Limited, Stimela and the IDC have today entered into a co-operation agreement with respect to their future holdings in Kumba Resources Limited.
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Anglovaal Mining Limited - Project Updates

1 November 2001

Speaking at the Annual General Meeting of Anglovaal Mining Limited shareholders today, CEO Rick Menell, provided members with an update on Avmin’s major capital development and growth programme.
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Disposal by Avmin of its shareholding in Iscor Limited to Stimela Mining Limited

31 October 2001

Avmin and Stimela announced today that they have concluded an agreement in terms of which Avmin will sell its entire Iscor shareholding to Stimela.
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Avgold Limited – Report for the quarter ended 30 September 2001

24 October 2001

Avgold Limited has today reported a headline loss for the quarter ended 30 September 2001 of R674 000 (30 June 2001: R14,3 million – profit).
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Avmin – Report for the year ended 30 June 2001

30 August 2001

During the year under review, considerable effort was directed at value for its ensuring that Avmin is well positioned to achieve maximum value for its shareholders.
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Avmin and Implats acquire Dwars Rivier PGM rights

30 May 2001

Avmin and Implats announced today that they have jointly acquired, for R551 million, the platinum group metals (PGM) rights, together with the associated surface rights, on the farm Dwars Rivier in South Africa#8217;s Mpumalanga province.
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Chambishi Metals remains positive in light of set-back

15 May 2001

Chambishi Metals, Anglovaal Mining’s (Avmin) Zambian-based cobalt Production from the toll and copper producer, recently commenced commissioning of its new refining facility has not US$100 million slag processing facility.
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Avmin and IDC examining options for ISCOR investment

30 March 2001

Stakeholders are referred to the joint announcements made by Anglovaal Mining Limited (“Avmin”) and The Industrial Development Corporation of South Africa Limited (“IDC”) dated 1 February 2001 and 21 February 2001.
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Results for the six months ended 31 December 2000 Earnings up 92%

1 March 2001

A strong operating performance from the ferrous metals division and the Nkomati mine, coupled with a weak South African rand, increased Avmin earnings by 92 per cent to R146 million (31 December 1999: R76 million) for the half-year ended 31 December 2000, despite average commodity prices for most products being lower in US dollar terms.
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Avmin/IDC call to reconstitute the Iscor board

21 February 2001

Avmin and the Industrial Development Corporation of South Africa (IDC), which between them hold 26% of the shares in steel and mining Avmin executive company Iscor, are calling a general meeting of Iscor shareholders with director Rick the intention of reconstituting the Iscor board.
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Acquisition by Avmin of a 13.7% interest in Iscor Limited and formation of an alliance with IDC

1 February 2001

Acquisition by Avmin of a 13,7% interest in Iscor Limited and formation of an alliance with Industrial Development Corporation of South Africa Limited.
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Change in organisational responsibilities Changes will result in an intensified focus!

18 January 2001

Following David Murray’s appointment to COO and Rick Menell’s decision to concentrate his attention on Avmin Group strategies, major transactions and external relations, the executive responsibilities have been reorganised with effect 1 February 2001 along the following lines:
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