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Commission recommends tribunal approve RPM buyout of Mototolo

By: Marleny Arnoldi     10th October 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Rustenburg Platinum Mines’ (RPM’s) acquisition of the Mototolo Joint Venture (Mototolo JV) and the movable assets of the Mototolo chrome recovery circuit. The commission found that the proposed transaction... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Mantashe calls for marketing of platinum

By: Martin Creamer     3rd October 2018 A platinum Mandela coin should be minted and marketed and platinum-catalysed fuel cells used to power off-grid areas, Mineral Resources Minister Gwede Mantashe said on Wednesday. In his opening speech to the well-attended Joburg Indaba, Mantashe, who is seven months into the job, said he had... 

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

Cranes For Tankhouses

1st October 2018 The African market for tankhouse cranes is flourishing, with strong demand in a geographical band stretching from the Equator to the Tropic of Capricorn.  For end users of this type of crane, the main concern remains the same – prompt and effective after sales service. Tankhouse cranes are... 

Wesizwe proceeds with development despite interim losses

By: Marleny Arnoldi     28th September 2018 JSE-listed Wesizwe Platinum swung to a R14.9-million loss for the six months ended June 30, from a R19-million profit in the first half of the prior year. The basic loss a share for the period was 0.92c, compared with earnings a share of 1.17c in the prior comparable period.  

Resources Watch  

20th September 2018 Implats has strong new collaboration with governments of South Africa, Zimbabwe And, Afrox achieves double-digit HEPS growth amid subdued economic environment 

Sanral completes road improvements on R510

By: Marleny Arnoldi     19th September 2018 The South African National Road Agency Limited (Sanral) has completed repairs to and the resealing of the 61-km-long R510, which runs from Rustenburg, in the North West, to the Limpopo border. “The road is now much more comfortable for drivers and safer for pedestrians. It has brought some... 

On-The-Air (14/09/2018) 

By: Martin Creamer     14th September 2018 South African mining companies are entering an exciting new era of close collaboration with the governments of South Africa and Zimbabwe; Gold mining, which was once the darling of the investor community, are now battling to raise even low levels of capital; and Australia is proving to the world... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

Waste gas fuels smelter

By: Halima Frost     31st August 2018 A gas processing plant, built by backup and continuous power solutions provider Diesel Electric Services, in Boshoek near Rustenburg, has achieved over 45 000 lost-time injury-free hours in its first year of operation. The project –  which started in January 2016, and took about 16 months to... 

Dawn to cut staff, costs amid economic pressures

By: Creamer Media Reporter      28th August 2018 JSE-listed Distribution and Warehousing Network (Dawn) will implement a large-scale cost reduction plan to position the company for recovery. It said on Tuesday that the plan will entail a significant cost reduction in terms of the company's head office, through a staff reduction and reduced... 

Transformer explosion to affect water supply in parts of Johannesburg, Rustenburg

By: Simone Liedtke     27th August 2018 The explosion of an electrical transformer at Rand Water’s Eikenhof pumping station, in Johannesburg South, will affect water supply to consumers in parts of the West Rand, as well as Rustenburg in the North West province. The transformer, which is part of the electricity facility supplying power... 

Implats expects wider FY18 losses

By: Simone Liedtke     20th August 2018 Platinum producer Impala Platinum (Implats) expects its headline loss to widen by 18% to 36% year-on-year to between R1.1-billion and R1.3-billion for the financial year ended June 30. Its headline loss a share is also expected to widen to between 162c and 186c. 

Farlam unhappy with snail pace in implementation of his Marikana recommendations

By: African News Agency      16th August 2018 Retired judge Ian Farlam, who chaired the government-instituted judicial commission of inquiry into the August 2012 Marikana massacre – in which at least 44 people including protesting Lonmin mineworkers, police officers, and security officials were killed in Marikana, outside Rustenburg – on... 

Atlatsa narrows Q2 headline loss, restructure plan set for Q4 completion

By: Simone Liedtke     14th August 2018 JSE- and TSX-listed Atlatsa Resources’ headline basic and diluted loss a share narrowed to $0.04 in the second quarter, ended June 30, from $0.22 in the second quarter of 2017. The company on Tuesday said this movement was based on the loss attributable to the shareholders of the company of... 

AMCU threatens strike action at Implats over planned job cuts

By: Anine Kilian     7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Trade unions to respond to wage offer in the gold sector

By: African News Agency      25th July 2018 Trade unions are expected to formally respond to wage offer tabled by gold producers when the third round of negotiations resume on Wednesday in Boksburg east of Johannesburg. Gold producers tabled an opening offer of a three-year wage proposal ranging from 5.5% and 6.5% for underground... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Highly anticipated Chicago Pneumatic generator give-away attracts visitors at Rustenburg MTE

19th July 2018 High-performance hand-held equipment specialist, Chicago Pneumatic, gave away the ninth CPPG5 generator at the Mining and Technical Exhibition (MTE) held in Rustenburg on 31 May 2018. According to Eben van der Vyver, the Business Development Manager for Chicago Pneumatic Construction Equipment in... 

Highly anticipated Chicago Pneumatic generator give-away attracts visitors at Rustenburg MTE

18th July 2018 High-performance hand-held equipment specialist, Chicago Pneumatic, gave away the ninth CPPG5 generator at the Mining and Technical Exhibition (MTE) held in Rustenburg on 31 May 2018. According to Eben van der Vyver, the Business Development Manager for Chicago Pneumatic Construction Equipment in... 

Powermite

13th July 2018 Focused on supplying engineered solutions and products for the electrification of moveable machinery, including materials handling equipment, cranes and mining equipment, Powermite prides itself on an excellent customer service experience, superior collective technical knowledge and high-quality... 

Climate Change Bill heads to NWest

By: African News Agency      10th July 2018 Public consultations on the National Climate Change Bill will be held in Rustenburg in the North West on Tuesday. The public consultation would be held at Marang in Phokeng outside Rustenburg to allow for public comments on the Bill. 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

Private security company allegedly opens fire on protesters, injuring eight in Marikana

By: News24Wire      26th June 2018 Eight people were shot and injured during a legal march, after a private security company fired rubber bullets at a group protesting outside Glencore mine in Marikana, North West on Tuesday morning. "While the march was busy, a private security firm fired shots at the protesters. One of the... 

From Upington to Durban, Incledon has South Africa covered

8th June 2018 With branches in every major South African city, leading quality fluid conveyance solutions provider Incledon has a formidable national footprint. This allows it to target many major water-infrastructure projects in the country at present. DPI Trading, a division of the larger national Incledon... 

RS Components offers optimum selection of PPE equipment at the Rustenburg Mining and Technical Exhibition

29th May 2018 The RS personal protection offering includes a selection of gloves, eyewear, respiratory and hearing protection RS Components the global distributor for engineers, buyers and maintenance professionals will be at the Rustenburg Mining and Technical Exhibition (MTE) on 31 May 2018 at the Impala... 

eDART Slurry Control Valves Meet Exacting Demands Of Advanced Level Control On Flotation Machines  

25th May 2018 In order to improve the froth level control at a flotation concentrator in Rustenburg, eDART was recently commissioned to replace the froth level control valves on the secondary cleaner.  Froth level control is extremely important on flotation machines as it directly relates to efficiency of the... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Sibanye CEO confident of Lonmin takeover despite cash burn

By: Reuters     18th May 2018 Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's £285-million all-share bid to create the world's second largest platinum miner faces hurdles... 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Consolidation needed to save jobs – Lonmin 

By: Martin Creamer     14th May 2018 Ben Magara, the CEO of embattled mining company Lonmin, on Monday made an impassioned plea for authorities to approve the company’s consolidation plans with Sibanye-Stillwater as soon as possible, as these will generate R1.5-billion in synergies and save 20 000 vitally needed jobs. The 32... 

World's No. 2 platinum stock languishes on output, cost concerns

By: Bloomberg     10th May 2018 Bad news from South Africa’s platinum belt has pushed shares of the world’s No. 2 producer of the metal to the lowest since 1999. Impala Platinum Holdings has dropped 40% this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some... 

Implats reports 17% increase in tonnes milled in Q3, stock build-up remains

By: Marleny Arnoldi     26th April 2018 A stronger mining performance at Impala Platinum’s (Implats’) Impala Rustenburg and Marula operations resulted in a 17% year-on-year improvement in tonnes milled to 4.59-million tonnes for the third quarter ended March 31.  

Amplats raises R390m to fund Maseve, Styldrift I projects 

By: Marleny Arnoldi     25th April 2018 Anglo American Platinum (Amplats) has successfully placed about 17.3-million Royal Bafokeng Platinum (RBPlat) ordinary shares at R22.50 a share with qualifying investors, raising R390-million.  

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

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