Mining Writer
Anglo American’s market value has topped R1-trillion in the past week as investors pile on ahead of the mining giant’s big copper tie-up.
The milestone comes as JSE-listed mining companies have been racing to secure their spots among the bourse’s largest miners amid a boom in prices and investment.
Hot on the trail of its former parent, AngloGold Ashanti has also been closing in on R1-trillion, reaching R872bn this week after doubling in value over the past year.
Clouding the outlook, however, is the medium-term fallout of the Iran war. The shock to energy markets is expected to raise miners’ operating costs, dent global growth and disrupt the commodity boom in the coming months.
