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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... 

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mining industry; A massive 40% of the gold ore in South Africa’s rich gold basin is wastefully left behind because of outdated mining methods; and If platinum ore could be pre-sorted using... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

Amplats earnings head for sharp half-year fall

By: Martin Creamer     18th July 2017 Platinum mining company Anglo American Platinum (Amplats) on Tuesday advised its shareholders to expect a sharp fall in earnings of between 45% and 67% for the six months to June 30. The JSE-listed platinum major advised that headline earnings for the first half of the year are likely to decrease... 

Platinum’s plight under Ministerial spotlight

By: Martin Creamer     14th July 2017 Mineral Resources Minister Mosebenzi Zwane on Friday received a presentation from the Platinum Leadership Forum, led by CEOs of platinum mining companies operating in South Africa. According to a Department of Mineral Resources (DMR) release, the CEOs presented on the current state of the... 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Platinum to come out of Brazil after junior’s London equity raise

By: Martin Creamer     30th June 2017 Platinum is to start coming out of Brazil from next year following Thursday’s listing of Jangada Mines on the London AIM. The new platinum mining company, which advertises itself as having a project in “mining-friendly” Brazil, booked a 10% premium on a 5p a share debut, with the stock changing... 

On-The-Air (23/06/2017) 

By: Martin Creamer     23rd June 2017 Botswana is going all out to attract the global mining investors that South Africa’s controversial new Mining Charter is frightening away; South Africa’s contentious new Mining Charter has opened the way for Brazil to make its debut into platinum mining; and South Africa’s new Mining Charter is... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Royal Mint launches first ever platinum products

By: Martin Creamer     15th May 2017 The Royal Mint, one of the world’s oldest issuers of bullion coins and bars, on Monday launched its first ever platinum bullion products. In what is potentially a beneficial measure to boost platinum demand, the 1 000-year-old organisation has launched 500 g and kilo platinum bars as... 

RBPlat to list R1.2bn unsecured convertible bonds, proceeds to fund Styldrift expansion ramp-up

By: Mia Breytenbach     5th April 2017 The Johannesburg Stock Exchange (JSE) has granted platinum mining company Royal Bafokeng Platinum (RBPlat) approval for the listing of R1.2-billion 7% senior unsecured convertible bonds. The bonds will be listed on the main board of the JSE with effect from the start of business on April 20. 

Magara seizes Lonmin COO opportunity as he grasps low-price nettle 

By: Martin Creamer     13th March 2017 It’s 7 am. Ben Magara walks in bang on time for our interview. He left home at 4.15 am to be in the gym at 5 am and the office at 6 am. He has a nice spring in his step as he tells me that he has grasped the COO opportunity in addition to his role as CEO of platinum mining company Lonmin,... 

Royal Bafokeng Platinum's share price falls on bond launch 

By: Martin Creamer     8th March 2017 The share price of platinum mining company Royal Bafokeng Platinum (RBPlat) fell by more than 5% on the company's launch of a R1.2-billion bond offering to to secure the next phase of the ramp-up of its Styldrift I expansion project. The funding solution included R2-billion of recently concluded... 

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

Glencore considering bid for Impala’s chrome waste business

By: Bloomberg     1st February 2017 Glencore, the mining and trading firm run by billionaire Ivan Glasenberg, is considering a bid for Impala Platinum Holdings’s 65% stake in a chrome waste-retreatment operation in South Africa, two people familiar with the matter said. Glencore already has an agreement to buy metal from Chrome... 

Platinum price upturn needed to sustain industry – Lonmin  

By: Martin Creamer     20th January 2017 An upturn in the platinum price is needed for the sustainability of the platinum industry as a whole, Lonmin CEO Ben Magara said on Friday. The head of the large London- and Johannesburg-listed platinum mining company said that although there had been a slight price recovery since November and... 

Stillwater deal runs deep

By: Martin Creamer     9th December 2016 The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help... 

Amplats, AMCU sign three-year wage agreement

By: Anine Kilian     28th October 2016 Platinum producer Anglo American Platinum (Amplats) on Friday announced that it has signed a three-year wage agreement with trade union, the Association of Mineworkers and Construction Union (AMCU), retrospectively effective from July 1. The agreement has also been extended to the National Union... 

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

SA’s cost-of-doing-business ranking badly down – Chamber

By: Martin Creamer     20th September 2016 South Africa has plummeted to an abysmally low level in the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches since 2007, from position number 58,... 

Amplats takes another step towards fuel cell realisation

By: Martin Creamer     15th September 2016 In the latest step towards the potential adoption of zero-emission fuel cell technology on a large scale, platinum mining company Anglo American Platinum (Amplats) on Thursday announced an investment in a company engaged in small-scale gas-to-liquids technology that converts flare gas, natural... 

Platinum miner says mechanisation, modernisation is only way forward  

By: Ilan Solomons     13th September 2016 To remain relevant in the South African mining industry, mines will have to substantially change how they operate and Anglo American Platinum (Amplats) mining head Frik Fourie does not see any future for conventional mining methods in South Africa. “Conventional mining methods are no longer a... 

On-The-Air (02/09/2016) 

By: Martin Creamer     2nd September 2016 CEOs warned this week that platinum mining is going to ‘drop off a cliff’ because of huge under investment.The CSIR warned this week that mining needs a major change of mining method to survive. Chrome mining is become strategic for the platinum mining industry. 

Significant changes to South African mining methods required – Hermanus

By: Ilan Solomons     31st August 2016 If there is no substantial change in the mining methods used in South Africa, gold and platinum mining could cease in 2033 and 2029, respectively, Council for Scientific and Industrial Research Natural Resources and Environment unit executive director Mavis Ann ‘May’ Hermanus warned on Wednesday.... 

Chrome output becoming ‘strategic’ for Northam Platinum 

By: Martin Creamer     29th August 2016 Chrome ore is becoming increasingly strategic for platinum mining company Northam Platinum. The Johannesburg Stock Exchange-listed company, which produced 45.1% more chrome in the 12 months to June 30 than the prior year, expects to be producing at a rate of one-million tonnes of chrome ore a... 

Platinum council backs Japan’s ‘Fruit of Platinum’ sweet spot

By: Martin Creamer     7th July 2016 Following May’s move to boost platinum bar and coin availability globally, the World Platinum Investment Council (WPIC) on Thursday threw its promotional weight behind investors in Japan’s flourishing ‘Fruit of Platinum’ exchange traded fund (ETF). The tie-up is the latest in a series of... 

ISS recommends shareholders vote for incumbent Eastplats board

By: Henry Lazenby     22nd June 2016 Eastern Platinum (Eastplats) has reported that independent proxy advisory firm Institutional Shareholder Services (ISS) had recommended that shareholders vote to keep the incumbent Eastplats board, amid a heated proxy contest. Hong Kong-based company Ka An Development, which had acquired a 13.79%... 

Bright interims, better output lift Lonmin share price

By: Martin Creamer     16th May 2016 The share price of platinum mining company Lonmin rose sharply on Monday on net cash generation, higher platinum sales and the expectation of platinum demand from the automotive and chemical sectors remaining firm. Lonmin’s share price rose 17.57% to R42.56 a share in early JSE trade after Lonmin... 

Amplats refined platinum output halved

By: Martin Creamer     21st April 2016 The refined platinum production of platinum mining company Anglo American Platinum (Amplats) halved in the three months to March 31, when metal-in-concentrate output rose 4% . Refined production plummeted 52% to 261 000 oz on a Section 54 work stoppage that closed the Precious Metals Refinery for... 

Sibanye investing R3.9bn in gold mines

By: Martin Creamer     20th April 2016 Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved... 

Sibanye reshuffles to bring platinum, energy into pack

By: Martin Creamer     18th April 2016 Gold-mining company Sibanye has revised its organisational structures in anticipation of imminent entry into platinum mining. As it becomes a multi-commodity business, Sibanye headed by CEO Neal Froneman will be restructured into separate, commodity specific divisions focused on operational... 

Innovative power generation projects share award

By: Simon Sonnekus     15th April 2016 To encourage the innovation of a system that generates and transmits power independently, this year’s African Energy Awards, held in Sandton, Gauteng, last month, awarded the innovation prize to a urine-powered battery system and an Eternity power thermal harvesting project. Menlopark high... 

RBPlat puts losses behind it with sturdy quarterly performance

By: Martin Creamer     14th April 2016 January 1 to March 31 has proved a solid three months for Royal Bafokeng Platinum (RBPlat). The Johannesburg Stock Exchange-listed platinum mining company, controlled by the 100 000-strong Bafokeng community, used operational flexibility, stability and strategy to put the headline-per-share... 

Very positive long-term outlook for platinum – Hinkly

By: Martin Creamer     8th February 2016 The outlook for platinum demand in the next five years is very positive, Anglo American Platinum executive head marketing Andrew Hinkly said on Monday. Speaking at the 2016 Investing in African Mining Indaba, Hinkly said that the continued requirement for clean vehicle emissions would continue... 

Mines body sees bleak 2016 for Zim mining

By: News24Wire      11th January 2016 The Chamber of Mines of Zimbabwe (COMZ) is anticipating little improvement in production and prices for most metals mined in the country, despite an easing in power supplies after Zimbabwe inked a deal to import power from Eskom. Following media reports in Zimbabwe that the power import deal... 

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