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Workshop: The pretraction metal refinery

By: Creamer Media Reporter      20th October 2017 Workshop: The pertraction metal refinery. Media Report 11 October 2017 The Focus Area: 

Property developer launches SA’s first dual-certified property portfolio

By: Mia Breytenbach     20th October 2017 Real estate investment trust (Reit) Growthpoint Properties has launched the first and only property portfolio in South Africa to be highly rated by the South African Property Owners Association (Sapoa) and the Green Building Council South Africa (GBCSA). The Thrive Portfolio combines quality and... 

Sixth death in platinum belt in three months

By: News24Wire      19th October 2017 British platinum mine giant Lonmin has raised "deep concerns" following the death of employee Tholakele Dlunga this week, the sixth in the platinum belt in the North West in the past three months. "Lonmin is deeply concerned by the recent fatal shootings across the platinum belt. The company is... 

RBPlat drops Gupta-linked contractor

By: Reuters     19th October 2017 South African platinum producer Royal Bafokeng Platinum said on Thursday it was dropping the services of contractor JIC Mining Services, majority owned by Oakbay Investments, the main company operated by the Gupta family. RBPlat, a black-owned midtier producer of the precious metal, is the latest... 

Sibanye Platinum’s favourable wage agreement creates certainty – Solidarity 

     18th October 2017 Trade union Solidarity says it has reached a favourable three-year wage agreement on behalf of its members at Sibanye Platinum’s Kroondal mine.  The agreement is effective from July 1, and will be valid until June 30, 2020. 

South African mining industry must modernise – Chamber of Mines

By: Dylan Slater     18th October 2017 The South African mining industry has to modernise as a matter of urgency in order to halt job cuts in the industry, as well as to create more jobs, says Chamber of Mines modernisation and safety head Sietse van der Woude. Delivering a keynote address at diversified engineering solutions company... 

‘Digital effectiveness’ tops EY’s 2017/18 risk radar

By: Henry Lazenby     18th October 2017 Professional services firm EY Global has revealed it annual ‘Top 10 business risks facing mining and metals’ report on Tuesday, with new entry ‘digital’ topping the list of most critical risks facing the mining industry in the coming year. This year’s report has seen a reshuffling with digital... 

Atlatsa retreats into hibernation

By: Henry Lazenby     16th October 2017 Black economic empowered platinum group metals (PGMs) company Atlatsa Resources has confirmed that its 51%-owned Bokoni platinum mine, in South Africa, has been placed on care and maintenance on October 1, as part of an Anglo American Platinum- (Amplats-) backed restructuring agreement. The TSX-... 

Implats buys 15% stake in Waterberg project

By: Anine Kilian     16th October 2017 JSE-listed Impala Platinum (Implats) will buy a combined 15% interest in the Waterberg platinum group metals (PGMs) project from TSX- and NYSE-listed Platinum Group Metals (PTM) and the Japan Oil, Gas and Metals National Corporation (Jogmec) for $30-million. Implats has also secured an option to... 

Sibanye-Stillwater avoids closure of certain South African PGM business units

By: Anine Kilian     16th October 2017 The closure of Sibanye-Stillwater conventional business units has been averted. Sibanye-Stillwater previously indicated that between 200 000 oz/y and 300 000 oz/y of platinum, palladium, rhodium and gold, or 4E platinum group metals (PGMs), capacity could be cut, should some conventional shafts... 

Palladium tops $1 000 for first time since 2001 on auto catalysts

By: Bloomberg     16th October 2017 Palladium climbed above $1 000 an ounce for the first time since 2001 as demand grows for the metal in pollution-control devices for gasoline-powered vehicles. The metal rose as much as 1% to $1 000.84 on Monday. Prices have advanced 47% this year, outperforming other precious metals, with gold... 

Northam secures Global Credit Rating upgrade

By: Natasha Odendaal     13th October 2017 Credit rating agency Global Credit Rating has upgraded platinum miner Northam Platinum’s long-term credit rating to A-(ZA) from BBB+(ZA) and reaffirmed Northam’s short-term credit rating at A1-(ZA), with a stable outlook. “Northam’s credit rating upgrade was achieved despite the current and... 

RBPlat puts foot on capex accelerator at Styldrift

By: Martin Creamer     12th October 2017 The total capital expenditure (capex) of Royal Bafokeng Platinum (RBPlat) surged on increased mining and construction activities at the company’s Styldrift 1 project in line with ramp-up plans. The black-owned and controlled, mid-tier platinum group metals producer, which operates the Bafokeng... 

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

Bluejay increases land position in Greenland

By: Creamer Media Reporter      10th October 2017 Aim- and FSE-listed Bluejay Mining has increased its landholding in south-west Greenland, where it sees potential for mineralisation similar to that of the Norilsk-Talnakh nickel/copper sulphide mine, located in northern Russia. Bluejay increased its land package for the Disko-Nuussauq magmatic... 

Tharisa reports best production year

By: Martin Creamer     10th October 2017 Platinum group metals (PGM) and chrome co-producer Tharisa on Tuesday reported a record fourth quarter, which nudged the company to its best yearly production performance to date in the 12 months to September 30. The JSE-listed company, headed by CEO Phoevos Pouroulis, said in a release to... 

Gold hits one-week high amid renewed North Korea fears

By: Reuters     9th October 2017 Gold prices climbed to their strongest level in more than a week on Monday as renewed concerns over North Korea's nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar. Spot gold was up 0.4% at $1 279.99 an ounce by 07:05 GMT, after earlier touching $1... 

Northam backs Fuel Cell and Hydrogen Energy Association’s awareness campaign

By: Natasha Odendaal     9th October 2017 Platinum miner Northam is supporting a campaign by US-based Fuel Cell and Hydrogen Energy Association (FCHEA) to raise awareness of clean energy technology. Globally, governments are being urged to support investment in technology to provide cleaner and more efficient sources of power in the... 

Protests test tribal authority on South Africa's platinum belt 

By: Reuters     9th October 2017 A new power struggle is unfolding in South Africa's old homelands between global mining giants, traditional leaders and an impoverished rural populace. Parts of an industry long used to labour unrest are now contending with community protests that have cut production of the country's largest... 

South African mining industry still not spending enough on R&D

By: Mia Breytenbach     6th October 2017 While South Africa has increased its investment in mining research and development (R&D) since 2014, the country’s investment is still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba, on... 

Lonmin receives bank support for Pandora JV acquisition

By: Anine Kilian     6th October 2017 Platinum producer Lonmin has received consent from its lending banks to acquire the interests in the Pandora joint venture held by partners Anglo American Platinum (Amplats) and Northam Platinum. In November 2016, Lonmin entered into an agreement with Amplats to buy its 42.5% interest in Pandora. 

Gold heading for worst weekly run in '17 as higher rates loom

By: Bloomberg     6th October 2017 Gold has taken a relentless battering. Prices are poised to drop for a fourth week, the worst streak of losses this year, on prospects for higher U.S. interest rates, a rising dollar, a strong American economy and record equity markets. Fears over a potential nuclear conflict with North Korea... 

The Krugerrand's remarkable contribution to SA mining value-addition 

By: Ilan Solomons     6th October 2017 The gold bullion Krugerrand represents a most remarkable story from a beneficiation perspective, with more than 60-million pieces sold over the past 50 years. This equates to more than 1 660 t of local gold used in the process, and about 25% of all South African gold sold currently is in the form... 

Manufacturer strives to meet industry demands

By: Nica Schreuder     6th October 2017 With demand for pump efficiency prevalent in the past five to ten years, industrial equipment supplier Rand Transmission South Africa (SA) has changed and aligned its product range to meet market requirements and demands. Despite Rand Transmission South Africa’s products only accounting for... 

Local pumps supplier’s range extended

     6th October 2017 Engineering equipment supplier Mechanical Rotating Solutions (MRS) was appointed in August as a service and product supplier by international pumps company HCP Pumps’ South African subsidiary HCP Pumps South Africa. MRS MD   explains that being appointed to the network of accredited suppliers... 

Industry trying to reduce reliance on imports

By: Robyn Wilkinson     6th October 2017 High quality, increased productivity and cost reduction are vital for success as the South African automotive industry works to reduce its reliance on automotive component imports while growing its export potential in a slow economy, says industrial equipment supplier Germ Africa director Robert... 

Sandvik establishes R15-million local production facility 

     5th October 2017 Mining equipment and services provider Sandvik Mining and Rock Technology last month officially opened its new R15-million production unit in Boksburg. Ilan Solomons was there and filed this report. 

Resources Watch  

     5th October 2017 Fifty years on from the minting of the first gold Kruggerand, demand for the iconic coin remains strong. Ilan Solomons has the story. 

BofAML updates mined commodity price forecasts as Chinese policies prop up prices

By: Henry Lazenby     4th October 2017 The Global Research team at the Bank of America Merrill Lynch (BofAML) has updated its price forecasts for mined commodities, saying on Wednesday that its prior price outlook had been too bearish for cyclical raw materials, while the near-term outlook for gold and silver looks less bullish than... 

S Africa mining lobby rejects talks with ministry over charter

By: Reuters     4th October 2017 South Africa's mining lobby has rejected talks with the mining ministry over changes to the industry's charter, which include raising targets for black ownership, saying the matter will have to be settled in court. "We are of the view that engaging with the minister directly is not going to... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

Harmony Gold's Kusasalethu mine back in full production

By: African News Agency      3rd October 2017 Harmony Gold’s Kusasalethu mine near Carletonville in Gauteng, South Africa, is back to full production following temporary closure in August as government was investigating the cause of a seismic event that killed five workers. Operations at the Kusasalethu mine were halted following a seismic... 

Blitz delivering ahead of schedule – Sibanye-Stillwater 

By: Martin Creamer     2nd October 2017 Production is under way three months ahead of schedule at Sibanye-Stillwater’s Blitz project in the US, where the completion of a secondary escape-way system concluded the final infrastructure required for the production to begin. An upside for Sibanye-Stillwater shareholders is the rapid ramping... 

Gold drops to lowest in nearly 7 weeks; stronger dollar, equities drag

By: Reuters     2nd October 2017 Gold slipped to its lowest in nearly seven weeks early on Monday as the US dollar rose and equities gained, while growing expectations for a Federal Reserve interest rate hike in December also added to pressure. Spot gold was down 0.3% at $1 274.90 an ounce by 0353 GMT, after earlier touching its... 

Wesizwe continues to advance Bakubung development

By: Anine Kilian     29th September 2017 The development of JSE-listed Wesizwe Platinum’s Bakubung Platinum Mine (BPM) continues to progress in line with targeted milestones. The company, which late on Thursday reported its financial results for the six months to June 30, said the main shaft commissioning was nearly complete, with the... 

On-The-Air (29/09/2017) 

By: Yolande Botes     29th September 2017 Mining companies are licking their wounds over being forced to pay twice for mine rehabilitation; With palladium overtaking platinum, the rich north is getting richer and the poor south poorer; and The big South African ferrochrome company, Hernic Ferrochrome, has been placed in business rescue. 

Growthpoint launches South Africa’s first dual-certified property portfolio

By: Mia Breytenbach     28th September 2017 JSE-listed real estate investment trust (Reit) Growthpoint Properties has launched the first and only property portfolio in South Africa to be highly rated by the South African Property Owners Association (Sapoa) and the Green Building Council South Africa (GBCSA). This premier portfolio, named... 

Jubilee not impacted by Hernic business rescue

By: Natasha Odendaal     28th September 2017 The business rescue of ferrochrome producer Hernic Ferrochrome has not yet impacted AltX- and Aim-listed Jubilee Platinum’s platinum and chrome operations in the North West province, Jubilee CEO Leon Coetzer assured shareholders on Thursday. Following a comprehensive assessment of financial... 

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