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PTM seeks to raise $20m in working capital

By: Megan van Wyngaardt     Updated 7 hours ago Dual-listed Platinum Group Metals (PTM) has entered into purchase agreements with institutional investors to issue and sell $20-million aggregate principal amount of convertible senior subordinated notes due 2022. PTM will use the proceeds for working capital at its flagship Maseve mine, near... 

Anglo American Platinum Partners With Afrigrow And The North West Department Of Education To Host The Garden Heroes Project Awards

     12th June 2017 Anglo American Platinum is proud to announce the culmination of its partnership with AfriGrow and the North West Department of Education on the Garden Heroes Project, an initiative focused on building sustainable food gardens in schools.   The 12-month project, which was launched in June 2016,... 

Rustenburg community members march to CoM, DMR offices

By: Anine Kilian     6th June 2017 About 1 500 members of the Rustenburg community are marching to the Chamber of Mines’ (CoM's) offices, in Johannesburg, on Tuesday to hand over a memorandum of demands. “We are marching as a community to say that the mines in the platinum belt are not delivering what they have promised in terms... 

Resources Watch  

     25th May 2017 Implats trial of safety packed drill rig imminent; KZN coal mine supplying communities’ water needs and mulls output expansion; And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

Economic transformation must have real content and meaning – Ramaphosa

By: News24Wire      22nd May 2017 It is necessary to give real content and meaning to the imperative of radical economic transformation to achieve inclusive growth, Deputy President Cyril Ramaphosa said on Sunday. Delivering the Moses Kotane memorial lecture in Rustenburg, he said it was the transformation that should be radical,... 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

On-The-Air (12/05/2017) 

By: Martin Creamer     12th May 2017 SA’s biggest gold-mining company is proving that deep can be cheap at its Mponeng mine on the Far West Rand; Palladium is overtaking platinum as the metal of choice to clean the air over the world’s biggest cities; and the Lonmin mine in Rustenburg is being coerced into creating 1 500 additional... 

Sibanye reports pleasing platinum production for March quarter

By: Megan van Wyngaardt     4th May 2017 Dual-listed Sibanye’s platinum division delivered pleasing results during the quarter ended March 31, producing 286 716 oz of platinum-group metals at an operating cost of R11 128/oz. This resulted in operating profit of R243-million, excluding the equity accounted attributable operating profit... 

Positive prices buoying ferrochrome business – Merafe

By: Martin Creamer     3rd May 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... 

South Africa’s water levels remain low

By: Natasha Odendaal     3rd May 2017 The Department of Water and Sanitation (DWS) on Wednesday warned of dwindling water reserves in South Africa’s dams, and pleaded with consumers to continue to save water and the Water Service Authorities to implement water conservation and water demand management strategies. With no significant... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

Amplats’ Q1 output up 1% y/y

By: Anine Kilian     24th April 2017 A strong performance by its Mogalakwena mine has contributed to a 1% year-on-year increase in JSE-listed Anglo American Platinum’s (Amplats’) production to 571 900 oz for the quarter ended March 31. Mogalakwena’s output rose 3% year-on-year to 111 900 oz, with strong plant recoveries and... 

KSB Pumps & Valves

     14th April 2017 East Rand-headquartered KSB Pumps & Valves is an original-equipment manufacturer of technologically advanced pumps, valves and related products for the water, sewage, chemicals, petrochemicals, mining and building services sectors, among others. Since its establishment in 1959, the company has... 

Merafe’s Q1 ferrochrome production up 10%

By: Martin Creamer     11th April 2017 The attributable production of ferrochrome company, Merafe Resources, increased by 10% in the first quarter of this year. Attributable production was 113 000 t, up from last year’s first quarter output of 103 000 t. 

Work smarter not harder with Atlas Copco SmartROC T45

     7th April 2017 Longer drill rods, improved fuel burn and upgraded software have made the SmartROC T45 Top Hammer drill rig from Atlas Copco even smarter. This rugged and reliable machine will boost production and productivity at limestone and aggregate quarries as well as construction, open-pit and selective... 

Platinum beneficiation champion poised to launch fuel cell components plant

By: David Oliveira     31st March 2017 South Africa’s much-spoken-about platinum beneficiation drive is poised to receive some sorely needed impetus later this year, when Isondo Precious Metals’ (IPM’s) fuel cell component manufacturing plant arrives in the country. The best-in-class plant, designed and built by German coating... 

Platinum beneficiation champion poised to launch fuel cell components plant

By: David Oliveira     31st March 2017 South Africa’s much anticipated platinum beneficiation drive is about to start, following the arrival of local beneficiation company Isondo Precious Metals’ (IPM’s) fuel cell component manufacturing plant, which is expected to arrive in the country later this year. The new best in class plant,... 

Wesizwe to report higher earnings for FY16

By: Megan van Wyngaardt     27th March 2017 Platinum miner Wesizwe Platinum, which is developing the Bakubung mine, near Rustenburg, expects to post improved results for the financial year to December 31, with basic earnings a share forecast to increase by 144% to 164%, to between 15.17c and 22.01c. This compares with the basic loss a... 

Oliphant visits various Amplats-led SLP projects in Rustenburg

By: Ilan Solomons     17th March 2017 Platinum miner Anglo American Platinum (Amplats) on Friday hosted Deputy Mineral Resources Minister Godfrey Oliphant at the official handover ceremony of a number of the company’s social and labour plan (SLP) projects in Rustenburg, in the North West. The projects included the official opening of... 

Software provider renews refinery service agreement

By: Nadine James     10th March 2017 Process and operations control management specialist BluESP has renewed its yearly service agreement with a local refinery following the client’s decision to maintain its relationship with the company to ensure that the benefits achieved using BluESP’s advance process control (APC) technology... 

Eskom energises a second 500 MVA transformer at the Ngwedi substation

By: Anine Kilian     9th March 2017 State-owned Eskom has energised and commissioned the second 500 MVA power transformer at the newly built Ngwedi substation, in Rustenburg, North West, bringing the total transformer capacity to 1 000 MVA. This will provide improved flexibility and reliability of the network in South Africa’s... 

Strong outlook for recovering ferrochrome industry – Merafe

By: Martin Creamer     8th March 2017 Ferrochrome and chrome ore prices recovered from rock bottom in the first quarter of last year to levels twice and four times higher respectively in 2017, a year in which a shortage of electricity supply has ceased to be a constraining factor, ferrochrome company Merafe reports. Despite market... 

US body extends review of Stillwater acquisition; Sibanye provides update on reserves

By: Megan van Wyngaardt     3rd March 2017 JSE-listed Sibanye Gold has received written notification from the Committee on Foreign Investment in the United States (CFIUS) that it wishes to undertake further investigation of the company’s proposed R30-billion acquisition of US-based platinum group metals (PGMs) producer Stillwater Mining... 

Hefty H1 losses paint depressed picture for Implats 

By: Ilan Solomons     23rd February 2017 Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to December 31, 2015. The group posted a headline loss of R508-million, compared with headline... 

Sibanye reports record operating profit, soaring earnings, good dividend

By: Martin Creamer     23rd February 2017 Precious metals mining company Sibanye on Thursday reported record operating profit of R10.5-billion for the six months and year ended December 31, 2016, a 60% increase on the previous year. Group operating profit of R5.1-billion for the second half of 2016 was 29% higher than for the comparable... 

Marikana mineworkers in court for 2012 incidents

By: African News Agency      21st February 2017 Eighteen Marikana mineworkers facing different charges following a violent strike in Marikana near Rustenburg in 2012, briefly appeared in the North West High Court on Monday. North West Judge president Monica Leeuw postponed the case to July 31, for the national director of public prosecution to... 

Amplats sells Union mine, Masa Chrome to Siyanda Resources for R400m; swings to FY profit

By: Megan van Wyngaardt     15th February 2017 Owing to the successful repositioning of its platinum portfolio, Anglo American Platinum (Amplats) has swung from a loss of R126-million in 2015, to headline earnings of R1.87-billion for the year ended December 31, 2016. The portfolio repositioning includes the completion of its divestment in... 

Stillwater deal advances as Sibanye grasps $2.6bn bridge finance nettle

By: Martin Creamer     13th February 2017 Precious metals mining company Sibanye on Monday announced that it had successfully closed the syndication of the bridge facilities to support its acquisition of Stillwater Mining Company of the US. Sibanye said in a Johannesburg Stock Exchange news service announcement that the syndication... 

Chamber calls on mining to renounce its apartheid past

By: Martin Creamer     6th February 2017 Mining is the foundation of the South African economy. Much of the manufacturing and services sectors exist because they were initiated to service and provide inputs to the mining industry since the second half of the 19th century. However, mining was also one of the foundation stones of South... 

Amplats posts revised FY trading update, expects higher earnings

By: Natasha Odendaal     6th February 2017 Platinum miner Anglo American Platinum (Amplats) on Monday said it now expects its earnings for the year ended December 31, to be considerably higher than what it initially reported in November, despite additional impairments impacting on its basic earnings. Headline earnings for the 2016... 

Chromite extraction adds value to Amplats’ existing PGMs basket

By: Dylan Slater     2nd February 2017 Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) is aiming to add value to its existing basket of commodities with the commissioning of a new chrome recovery plant at its Thabazimbi-based Amandelbult complex, in Limpopo.  

Community co-owns new Amplats chrome recovery joint venture

By: Martin Creamer     1st February 2017 The Baphalane Ba Mantserre community of Limpopo province are the co-owners and co-operators of a new chrome recovery plant that Anglo American Platinum (Amplats) launched at its Amandelbult complex on Wednesday.   The R474-million plant, which produces commercial grade chromite concentrate, was... 

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... 

PTM raises $28.7m for Maseve project

By: Megan van Wyngaardt     31st January 2017 Platinum Group Metals (PTM) on Tuesday closed its public offering of common shares, raising more than the $25-million it had initially planned to raise. It issued 19.6-million shares at $1.46 apiece, raising $28.75-million. 

NUM lambastes Sibanye’s legal bid against DMR over Section 54 stoppages

By: Megan van Wyngaardt     30th January 2017 The National Union of Mineworkers (NUM) on Monday criticised Sibanye Platinum’s decision to pursue a legal bid against the Department of Mineral Resources (DMR) for alleged financial damages as a result of Section 54 stoppages. Miningmx earlier this months reported that Sibanye had brought the... 

Sun City resort greens it entrances with Besam door systems

     24th January 2017 ASSA ABLOY Entrance Systems, South Africa’s leading supplier of entrance automation solutions, recently installed five Besam SL 500 Bi-Parting door systems at the entrances to Sun City Resort’s entertainment area, Sun Central. Sun City Resort, one of Africa’s premier lifestyle destinations... 

PTM launches $25m bought-deal financing

By: Henry Lazenby     24th January 2017 South Africa-focused precious metals miner Platinum Group Metals (PTM) has reached an agreement with a syndicate of underwriters, led by BMO Capital Markets, to raise $25-million. The Vancouver-based company recently advised that, for it to achieve positive cash flow and to maintain its working... 

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