Finance

JOHANNESBURG (Capital Markets in Africa) – Anglo American Plc raised the possibility that it could start buying assets in South Africa, the latest sign of how much has changed in two years, when the miner was focused on selling. “We no longer have any for sale sign,” Norman Mbazima, deputy chairman of Anglo American’s South African unit, said in an interview Monday. “It is possible to invest in South Africa. We have got hope right now.”…

JOHANNESBBURG (Capital Markets in Africa) – Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa. A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week. That’s partly after he told reporters in…

KINSHASA (Capital Markets in Africa) – The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest state-owned mining company. “I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only the traders and consumers are referenced and Congo and Gecamines are not cited,” Gecamines Chairman Albert Yuma said in an interview in Cape Town. The market…