The $500m, A$500m and R7bn financing package will refinance existing debt and support the South African miner’s expansion into Australian copper; copper is used in renewable energy and AI.
The World Bank Group member opened its fiscal year 2027 funding programme with its largest Australian dollar transaction to date, amid the growing domestic bond market.
The Reserve Bank of Australia said the cash rate remains its primary policy tool, but new guidance sets out how it could deploy additional monetary tools to respond and prepare for future crises, such as another pandemic on the scale of Covid-19.
The Hong Kong-based banker was most recently the bank's head of technology and communications corporate banking for Japan, Asia North and Australia, and Asia South.
As Australia rolls out the new reporting system for CPI, the central bank is now less likely to cut interest rates at its next meeting in December; some market commentators are now expecting rates to rise in 2026.
Cramer joins the Australian digital property business from News Corp in New York, where he is deputy CFO running the treasury operation; he replaces Janelle Hopkins in February 2026.