Press releases

Avmin - resignation of director

5 November 2002

Mr. Roy Oron, a non-executive director of Anglovaal Mining Limited (Avmin) has resigned from the Board of Directors of the Company, with immediate effect, due to his various external commitments.
Full release

Avmin - Results for year-ended 30 June 2002

12 September 2002

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Assmang’s headline earnings growth accelerates by 92%

5 September 2002

The benefit to mining group Assmang Limited (Assmang or the Group), resulting from the weakness in the value of the SA rand against the US dollar, has been emphasised by the headline earnings growth for the year ended 30 June 2002.
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Avmin announces new management structure

14 June 2002

It was previously announced that Rick Menell has been appointed Chairman at Anglovaal Mining Limited (Avmin) and David Murray its Chief Executive Officer (CEO), both with effect from 1 July 2002.
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Avmin appoints new chairman and CEO

29 May 2002

At today’s meeting of the Board of Directors of Anglovaal Mining Limited (Avmin), Mr Kennedy Maxwell announced his intention to retire as Chairman on 30 June 2002 and the Board has appointed Mr Rick Menell as his successor.
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Avmin appoints new directors

16 April 2002

Three new directors have been appointed to the board of Avmin.
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Anglo American acquires a 35% stake in Avmin

12 March 2002

This represents a total sale consideration of R1,6 billion.
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Avmin - Results for the six months ended 31 December 2001

28 February 2002

Despite achieving good profitability in most of the Company’s operations, Anglovaal Mining Limited’s (Avmin) headline earnings were detrimentally affected by the significant operating loss incurred at Chambishi Metal plc (Chambishi).
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Avmin Interim Results for the period ended 31 December 2002

27 February 2002

Anglovaal Mining (Avmin) reported a 239 per cent increase in headline earnings for the six months ended 31 December 2002 compared to the 2001 comparative period.
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Partial right-down of Avmin's Chambishi Metals assets

29 January 2002

Further to Avmin’s announcement on 18 December 2001, the Board of Directors (“the Board”) has considered a detailed analysis of the future prospects of Chambishi Metals plc and reviewed this investment in the context of the Avmin Group as a whole.
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Avmin sells its call option rights to Stimela

16 January 2002

On 1 November 2001, Avmin announced the disposal of its entire shareholding in Iscor Limited to Stimela and the creation of a joint venture between Avmin and Stimela.
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