R/€ = 15.74 Change: -0.06
R/$ = 13.38 Change: -0.09
Au 1289.54 $/oz Change: -14.18
Pt 931.00 $/oz Change: -10.00


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... 

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... 

Rockfall kills two miners at Impala Platinum’s Rustenburg mine

By: News24Wire      20th September 2017 Two miners died when a rock fell on their heads while drilling in shaft 12 of Impala Platinum’s Rustenburg mine on Tuesday morning, the mine said. The two men, aged 31 and 34, died at the scene, Impala Platinum spokesperson Johan Theron told News24. 

2 500 jobs at risk at lossmaking Impala Rustenburg

By: Martin Creamer     18th September 2017 South Africa’s second-largest platinum mining company has initiated a process that may lead to 2 500 staff reductions at its lossmaking Impala Rustenburg operation, where financial sustainability has deteriorated significantly in recent years.  The Johannesburg Stock Exchange-listed Impala... 

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Implats reports headline loss, sees low prices as ‘new normal’

By: Martin Creamer     14th September 2017 Platinum mining company Implats, which reported an impairment-impacted 137 cents per share headline loss in the 12 months to June 30, sees the lower-for-even-longer metal price environment as 'the new normal'. In presenting results for its financial year to June 30, the JSE-listed company... 

Amplats worker dies after chemical incident at refinery

By: African News Agency      7th September 2017 An Anglo American Platinum (Amplats) employee has died from his injuries after suffering chemical burns in an accident at the company’s Precious Metals Refinery (PMR) in Rustenburg. Amplats said the incident occurred on August 21 but the employee succumbed to his injuries on Tuesday this week. 

Heavy rainfall predicted in late summer, says water dept

By: Anine Kilian     6th September 2017 Although no heavy rains are expected at the beginning of the summer season, the South African Weather Services is predicting heavy showers towards the end of the period. “The good news is that the El Nino phenomenon that brings with it the drought, will not hit South Africa this summer,” the... 

Royal Bafokeng Platinum in $74m Maseve deal

By: Martin Creamer     6th September 2017 Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) has entered into a $74-million term sheet transaction with Platinum Group Metals (PTM) to acquire the concentrator plant and surface assets of the Maseve mine, including power and water. Both companies on Wednesday... 

Rustenburg did not overspend on rapid transport system, Scopa hears

By: African News Agency      31st August 2017 The Rustenburg local municipality did not over spend on the Rustenburg Rapid Transport (RRT) project, the North West Scopa heard on Wednesday. Mayor Mpho Khunou, Speaker Sheila Mabale-Huma and Municipal Manager Nqobile Sithole were called to appear before the Standing Committee on Public Accounts... 

No weak links in EKD Kolibri energy chain from Powermite

     24th August 2017 Rugged, superior quality energy chain from electrical and mechanical equipment and energy supply systems specialist, Powermite, provides reliable and cost-effective protection of cables and hoses for the seamless operation of mobile equipment. EKD Kolibri energy chain, also known as drag chain,... 

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... 

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... 

Marikana lawyers, government mull compensation

By: African News Agency      1st August 2017 Discussions to compensate Marikana mineworkers are continuing with the State, their lawyer said on Monday. “We are busy in discussions with the State in relation to quantifying our claims. The State has conceded that they are going to make [the] payments, all we need to do is to differentiate the... 

Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

By: Samantha Herbst     26th July 2017 Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which saves the 3 000 jobs that would have been lost had the operation been placed under care and... 

Amplats strengthens balance sheet, continues to manage for low prices

By: Martin Creamer     24th July 2017 Platinum mining company Anglo American Platinum (Amplats) reported on Monday that it has been able to further strengthen its balance sheet in the six months to June 30, despite the weaker rand basket prices in the period. In generating R4.3-billion in underlying operating cash flow, Amplats was... 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 


     14th July 2017 Gauteng-headquartered Powermite, which has been operational since 1967, manufactures products for moving and rotating machinery, as well as cable, industrial plugs and sockets, mining connectors and lighting systems. 

N1/N4 highway rehabilitation projects, South Africa

By: Sheila Barradas     14th July 2017 The rehabilitation of the N1/N4 toll highway aims to increase the design life of the road by ten years. 

Vavi urges Rustenburg mineworkers to join Numsa

By: African News Agency      10th July 2017 South African Federation of Trade Unions (Saftu) general secretary Zwelinzima Vavi on Sunday urged mineworkers in Rustenburg to join the National Union of Metalworkers of South Africa (Numsa). “Workers resigning from [the] National Union of Mineworkers [Num] and Association of Mineworkers and... 

Rustenburg scrubber upgrade project set for completion

By: Simone Liedtke     7th July 2017 Chemicals and process engineering company Lodestone Engineering is set to complete the supply of equipment as part of an upgrade to an existing large wet scrubber for a major platinum producer in Rustenburg by the end of this month. 

PTM closes $20m private placement

By: Megan van Wyngaardt     3rd July 2017 Dual-listed Platinum Group Metals on Monday closed the private placement of $20-million aggregate principal amount of convertible senior subordinated notes, due 2022. The company will use the proceeds for working capital at its flagship Maseve mine, near Rustenburg; for work on the definitive... 

High-quality products and superior service provide competitive edge

By: Victor Moolman     30th June 2017 As a means to overcome competition from larger plastic pipe providers, plastic pipes, fittings and welding machines company Plastitech offers superior service levels and a complete range of high-quality pipe products. 

PTM seeks to raise $20m in working capital

By: Megan van Wyngaardt     28th June 2017 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. 

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