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Press Office - Lucchini South Africa

Lucchini South Africa


Lucchini South Africa, subsidiary of Italian manufacturer of forged railways products, Lucchini RS, was established in 2016. Significantly, Lucchini RS was the first international manufacturer of forged wheels to localise part of the wheel manufacturing in South Africa. Forged wheels are sent from Italy to a well-equipped machining facility in Germiston, Gauteng, where the equipment and processes utilised are the same as those used across the Lucchini RS Group, maintaining high quality standards.
 

Topic

Cesa Aon Engineering Excellence Awards winners for 2017 announced

     18th August 2017 Consulting Engineers South Africa (Cesa), supported by Aon South Africa, on Thursday announced the winners of this year’s Cesa Aon Engineering Excellence Awards, which recognise outstanding achievements in the engineering industry and celebrate innovation, quality, outstanding workmanship and... 

Pan African warns of lower FY earnings

By: Creamer Media Reporter      18th August 2017 JSE- and Aim-listed Pan African Gold expects to report earnings per share (EPS) of between 18.3c and 21.32c in the year ended June 30. This represents a 29% to 39% decrease on the EPS of 30.2c reported in the prior financial year. 

Zimbabwe tightens screws on miners' export earnings in forex crunch

By: Reuters     18th August 2017 The Reserve Bank of Zimbabwe has ordered platinum and chrome miners to surrender 80% of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. Previously miners in the southern African nation were required to retain 50% of their earnings. 

Rox declares maiden resource at Olympia

By: Esmarie Swanepoel     18th August 2017 Base and precious metals explorer Rox Resources has reported a maiden inferred resource of 573 000 t, grading 1.63% nickel, 1.19% copper and 0.082% cobalt for its Olympia nickel-copper-cobalt-platinum group metal deposit in Western Australia. The project is estimated to host some 9 300 t of... 

P20 road upgrade project, South Africa

By: Creamer Media Reporter      18th August 2017 The Roads Agency Limpopo and Northam Platinum have partnered to upgrade the road. 

RAL, Northam partner to upgrade road in Waterberg district

By: Anine Kilian     17th August 2017 Roads Agency Limpopo (RAL) and platinum producer Northam Platinum have signed a R60-million strategic partnership to upgrade the P20 road that links Sataria to the road artery that goes to Koedoeskop, in the Waterberg district. Under the terms of the agreement, RAL will contribute R37.5-million... 

Impairment, silicosis claims provision to push Sibanye to H1 loss of at least R4.8-billion

By: Creamer Media Reporter      17th August 2017 JSE- and NYSE-listed Sibanye expects to report an attributable loss of at least R4.8-billion for the six months to June 30, mainly as a result of R4.4-billion in nonrecurring items, including a R1.1-billion provision for potential silicosis claims.         Also part of the nonrecurring items is a... 

Krugerrand demand resurgence anticipated to result in record sales  

By: Ilan Solomons     16th August 2017 Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016. This is according to precious metal smelting and refining... 

thyssenkrupp Infra-Red rapid drying oven improves turnaround time for Minopex

     16th August 2017 The fast drying capability of thyssenkrupp Industrial Solutions‘ Infra-Red rapid drying oven has significantly improved turnaround times for minerals processing operations specialist, Minopex. Developed in-house by thyssenkrupp Industrial Solutions South Africa, the Infra-Red (IR) rapid drying... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Lonmin unveils design proposal for Marikana memorial park; showcases new apartments

By: Anine Kilian     15th August 2017 Platinum producer Lonmin on Tuesday unveiled its proposed design for a Marikana memorial park and announced the occupation of its infill apartments a day before the fifth anniversary of the Marikana massacre.  Thirty-four miners died and at least 70 were injured on August 16, 2012, when police... 

Palladium consumption to hit all-time high in 2017 – Nornickel

By: Mariaan Webb     15th August 2017 Palladium consumption is heading for an all-time high of 10.8-million troy ounces, which will leave the market in a deficit of more than one-million ounces in 2017, according to the world’s largest producer of the precious metal. Russia’s Nornickel said on Tuesday that it retained a positive... 

Northam warns of widened FY losses a share

By: Creamer Media Reporter      15th August 2017 JSE-listed Northam Platinum expects its loss a share to widen to between 167.8c and 196c for the financial year ended June 30, compared with a loss a share of 145.3c in the prior financial year. It further expects its headline loss a share to have widened from 140.9c in the 2016 financial year,... 

South Africa must prosecute 2012 Marikana deaths, Amnesty says  

By: Bloomberg     15th August 2017 Amnesty International urged South African authorities to move forward with prosecutions over the killing by police of 34 people in a single day at Lonmin Plc’s Marikana platinum operations five years ago. “The tragedy of the Marikana killings is compounded by the shocking fact that no one... 

Atlatsa management subject to cease trade order on late Q2 results filing

By: Henry Lazenby     15th August 2017 The British Columbia Securities Commission will on Tuesday issue the management of Johannesburg-headquartered miner Atlatsa Resources with a cease trade order, rather than an issuer cease trade order, owing to the company’s inability to file its second-quarter financial and operational results.... 

Eastplats narrows H1 losses

By: Natasha Odendaal     14th August 2017 TSX- and JSE-listed Eastern Platinum (Eastplats) has narrowed its losses for the first half of this year. For the six months to June 30, Eastplats posted a net loss of $4.7-million, at a loss of $0.04 a share, a significant improvement on the net loss of $30.5-million and a loss of $0.29 apiece... 

Outlook stable for Anglo American – S&P's

By: Anine Kilian     11th August 2017 Ratings agency Standard and Poor’s (S&P’s) has given global mining company Anglo American a stable outlook, raising its long- and short-term corporate credit ratings to BBB-/A-3 from BB+/B. The agency also raised Anglo American’s long-term South Africa national scale rating to zaAAA from zaAA+,... 

Eastplats reports mineral resource estimate for Zandfontein TSF

By: Creamer Media Reporter      11th August 2017 SRK Consulting has recommended that a prefeasibility or feasibility study be undertaken to determine if the mineral resource at the Zandfontein upper group two tailings storage facility (TSF) at Eastern Platinum’s (Eastplats’) Crocodile River Mine (CRM) can be mined economically in the current... 

Gold steady near 2-month highs on North Korea tensions

By: Reuters     11th August 2017 Gold prices held steady after touching their highest in over two months on Friday and were on track for a weekly gain, buoyed as rising tensions between the United States and North Korea triggered safe-haven buying. "Much of the rally (in gold) is because of the increased safe-haven demand," said... 

On-The-Air (11/08/2017) 

By: Martin Creamer     11th August 2017 Technology has been configured that will unleash another mining boom when implemented by the struggling mining industry; A massive 40% of the gold ore in South Africa’s rich gold basin is wastefully left behind because of outdated mining methods; and If platinum ore could be pre-sorted using... 

Rand edges up before Moody's rating decision

By: Reuters     11th August 2017 South Africa's rand strengthened on Friday as escalating geopolitical tension between the United States and North Korea drove up demand for safe-haven assets like gold and platinum, lifting the currencies of commodity exporters. At 0640 GMT, the rand was 0.11% firmer at 13.4450 per dollar... 

Furnaces and kilns manufacturers are feeling the heat

By: Tasneem Bulbulia     11th August 2017 Furnaces and kilns manufacturers are taking strain, as with many other industries, owing to financial difficulties amid the current economic climate, says furnaces and kilns manufacturer Van Tuyls director and owner Richard McCullough. McCullough indicates that the number of manufacturers in the... 

Review trade agreements to put South Africa first, Mathunjwa suggests 

By: Natasha Odendaal     10th August 2017 The Association of Mineworkers and Construction Union (AMCU) wants to have South Africa’s “unfavourable” trade agreements reviewed and potentially amended as the country struggles to industrialise and beneficiate, exacerbating the current jobs “bloodbath” in the mining sector. Speaking at a media... 

Solidarity calls for debate with Magara on minority union rights issue

By: Creamer Media Reporter      10th August 2017 Solidarity general secretary Gideon du Plessis has called on Lonmin CEO Ben Magara to participate in a live television or radio debate on its decision to remove the recognition and organisational rights of minority trade unions – Solidarity, the National Union of Mineworkers and Uasa – at its... 

South Africa’s mining production down 0.8% y/y in June

By: Creamer Media Reporter      10th August 2017 South Africa’s mining production decreased by 0.8% year-on-year in June, driven by lower gold, iron-ore and platinum group metals (PGMs) output. Gold production was down 3.6% year-on-year, while iron-ore output slid 4.4% year-on-year and PGMs 13.7% year-on-year. 

Sibanye Gold continues its contrarian path with its purchase of a US mining company.

     10th August 2017 Despite low commodity prices and political uncertainty in the mining sector, South African-based mining company Sibanye Gold announced in December last year that it had agreed terms to buy a little known US-based miner. The purchase of Stillwater Mining Company for US$2.2-billion, which was... 

Resources Watch  

     10th August 2017 Mentors ease entry; Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce; and NUM and ANC ‘very encouraging’ says Royal Bafokeng 

Free African mining projects report offered to advertisers

     10th August 2017 Companies advertising in the September edition of the Projects in Progress Supplement will receive a FREE copy of Creamer Media’s African Mining Projects in Progress Research Report - normally valued at R1 950 (excluding VAT). The African Mining Projects in Progress Report tracks developments... 

Jubilee’s shares rise as it secures funding to advance metals recovery strategy

By: Creamer Media Reporter      10th August 2017 The share price of dual-listed Jubilee Platinum rose by as much as 9.23% on the JSE on Thursday morning, after announcing it had secured $50-million in project funding to support the growth strategy for its metals recovery business. The company has executed a funding agreement with RiverFort... 

British mineral explorer in Africa lists in London

By: Reuters     10th August 2017 A British explorer for mineral resources in Africa will on Thursday become the first venture of its kind to be listed on London's Aim market for growing companies, its CEO said. Following the recovery of the mining sector from a commodity price crash in 2015/16, a handful of new companies have... 

Platina increases Owendale resource

By: Esmarie Swanepoel     9th August 2017 ASX-listed project developer Platina Resources has reported a 127% increase in the high-grade mineral resource at its Owendale scandium-cobalt project, in New South Wales. The project is now estimated to host some 1.54-million tonnes of resource, at 675 parts per million scandium, 0.32% platinum,... 

Philips Lighting South Africa Signs Up As Platinum Sponsor Of Africa LED Expo

     8th August 2017 Philips Lighting South Africa (Pty) Ltd has been announced as Platinum Sponsor of the Africa LED Expo for the next two years. The Africa LED expo is a focused exhibition for professionals to see the latest developments and innovations in the LED lighting industry. The expo will take place from... 

Solidarity concerned over loss of recognition at Lonmin

By: Creamer Media Reporter      7th August 2017 With the Association of Mineworkers and Construction Union (AMCU) recognised as the only trade union at platinum miner Lonmin’s operations, Lonmin has removed the recognition and organisational rights of minority trade unions Solidarity, the National Union of Mineworkers (NUM) and Uasa, according... 

Lonmin to sell excess processing capacity, implement other measures to ensure sustainability

By: Mia Breytenbach     7th August 2017 Despite “pleasing” third-quarter production results, which showed an improved mining performance, reduced unit costs and increased net cash in July, platinum mining major Lonmin remains concerned by the persistent adverse macroeconomic conditions, as well as the inflationary cost pressures... 

PTM’s Waterberg JV advances

By: Creamer Media Reporter      4th August 2017 South Africa’s Department of Mineral Resources (DMR) has approved the transfer of all TSX- and NYSE-listed Platinum Group Metals’ (PTM’s) Waterberg prospecting rights to a dedicated joint venture (JV) corporation, Waterberg JV Resources. Platinum Group Metals RSA, which is 100% owned by PTM,... 

On-The-Air (04/08/2017) 

By: Martin Creamer     4th August 2017 Royal Bafokeng Platinum this week urged the government to impose stricter air pollution control; The names of all IDC clients, including politically exposed people, are now being made public; and Botswana is taking steps to build its own Sasol. 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce  

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing trans- formation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

BMI says outlook for Russian nickel sector bleak

By: Creamer Media Reporter      3rd August 2017 Fitch group company BMI has lowered its forecast for Russian nickel production in 2017, and says the outlook for the country’s domestic production over the next five years looks bleak. BMI stated this week that Russia’s nickel production would remain on a negative trend this year, following a... 

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