R/€ = 13.43 Change: 0.01
R/$ = 12.44 Change: 0.03
Au 1245.01 $/oz Change: -3.26
Pt 963.50 $/oz Change: -1.00


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... 

Coal truck drivers protest over renewables, plan march to Zuma's office

By: Reuters     1st March 2017 Several coal transporting trucks blocked highways in South Africa's capital on Monday to protest against the country's renewable power programme after President Jacob Zuma showed support for the sector in speech to parliament last month. Zuma's directive has angered coal transporting workers, who... 

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... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

Rockfall claims one life at Implats’ 20 shaft

By: Natasha Odendaal     18th January 2017 A rockfall at Impala Platinum’s (Implats’) 20 shaft, in Rustenburg, on Wednesday claimed the life of one mineworker and injured another. Implats spokesperson Johan Theron confirmed the incident to Mining Weekly Online, noting that the shaft has been shut down pending investigation. 

Eskom energises 500 MVA transformer at Rustenburg substation, platinum industry to benefit 

By: Anine Kilian     12th December 2016 State-owned Eskom has energised and commissioned the first of two 500 MVA power transformers at the newly built Ngwedi substation, in Rustenburg. The transformer marks a significant step towards the completion of the Medupi Power Station Integration Project and will provide improved network... 

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... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Poverty led to Marikana tragedy, says Mahumapelo

By: African News Agency      5th December 2016 Poverty was the root cause of the Marikana tragedy four years ago, North West premier Supra Mahumapelo said on Sunday. “Poverty forced people to work in the mines, some come from Zimbabwe, Lesotho, the Eastern Cape and other provinces, and neighbouring countries to work in Rustenburg mines,” he... 

N1/N4 highway rehabilitation projects, South Africa

By: Sheila Barradas     25th November 2016 The rehabilitation of the N1/N4 toll highway will increase the design life of the road by ten years. 

Engen launches PETRONAS lubricants through rebranded Engen Oil Centre franchise

     23rd November 2016 Engen Petroleum, a leading producer and marketer of a wide range of fuels, lubricants and oil based products, has rebranded its lubricants distribution business as Engen Oil Centre – marking its official launch of the PETRONAS Lubricants International (PLI) range in the market.   Engen Oil... 

Anglo productivity up 40%

By: Martin Creamer     23rd November 2016 Mining company Anglo American, which has reduced the number of assets in its portfolio from 68 in 2012 to 42 now, is producing more product from those 42 assets than it was from the 68. As a consequence, the product produced per person is currently 40% higher than it was four years ago. 

Recent rainfall improves dam levels

By: Megan van Wyngaardt     22nd November 2016 As a result of increased rainfall in recent weeks, the total volume of water in storage across South Africa’s dams and water systems increased this week from 47.9% to 48.7%, according to the Department of Water and Sanitation (DWS). The department further confirmed that water released from the... 

Electricity reports in North West rise after Operation Khanyisa campaign

By: Megan van Wyngaardt     17th November 2016 Following a recent awareness campaign about the negative impacts of electricity theft in the North West, Eskom’s Operation Khanyisa has seen a significant increase in the number of anonymous electricity theft tip-offs recorded in the province. According to Eskom’s Bryan Katane, the power... 

Lonmin buys Amplats' Pandora platinum stake, lets out concentrator

By: Martin Creamer     11th November 2016 Platinum mining company Anglo American Platinum (Amplats) on Friday announced the sale of its 42.5% interest in the Pandora Joint Venture (JV) to platinum company Lonmin in a deferred six-year cash transaction linked to a concentrator rental agreement. The transaction increases Lonmin’s ownership... 

Company offers aftermarket maintenance services for various industries

By: Aarifah Nosarka     11th November 2016 Opencast mining and mineral processing equipment specialist Tenova Takraf Africa offers maintenance and refurbishment services through its Tenova Client Support Services business unit, currently operating from the company’s headquarters in Kempton Park, Gauteng. The unit comprises 1800 m2 of... 

Rehab of Pretoria–Bela-Bela stretch of N1 set for completion by the end of 2017

By: Irma Venter     4th November 2016 The R396-million, 80 km rehabilitation of the N1 highway between Pretoria and Bela-Bela is 80% complete. The project should be wrapped up by the end of 2017, with R123-million to be spent next year, says Bakwena Platinum N1N4 CEO Graeme Blewitt. 

Resources Watch 

     3rd November 2016 De Beers spending more on South African diamond exploration; Gold Fields invests $1.4bn to extend Damang’s life-of-mine; and, Wesizwe opts for contractor mining at Bakubung 

Sibanye takes control of Rustenburg Platinum Mines; Nel steps down as platinum division CEO

By: Creamer Media Reporter      1st November 2016 Sibanye Gold’s platinum division has taken over ownership, control and management of the Rustenburg Operations from Anglo American Platinum’s (Amplats’) Rustenburg Platinum Mines (RPM). Amplats announced in September last year that it would sell the Rustenburg Operations, which include the... 

Implats’ Rustenburg, Marula reach wage settlement

By: Martin Creamer     31st October 2016 Subsidiary operating companies of platinum-mining major Implats – the large Rustenburg operations of Impala Platinum and the smaller Marula Platinum – have signed three-year wage settlements with the Association of Mineworkers and Construction Union (AMCU). Over the next three years and backdated... 

AMCU signs three-year wage deal with Lonmin

By: Natasha Odendaal     31st October 2016 The Association of Mineworkers and Construction Union (AMCU) on Monday assured that there would be no strike action at Lonmin's Rustenburg operations after the parties reached a wage deal. Addressing media at a joint briefing, in Sandton, ahead of signing the deal, the union and the platinum... 

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