R/€ = 14.60 Change: -0.03
R/$ = 12.43 Change: 0.02
Au 1305.49 $/oz Change: 12.69
Pt 912.00 $/oz Change: 8.49

Martin Czernowalow

Aflease to sell 26% stake to BEE consortium

23rd February 2005 South African mining group Aflease Gold and Uranium Resources yesterday announced that it would sell a 26% stake in the company to a black economic empowerment (BEE) consortium, in accordance with the requirements of the country's mining charter. 

'Miners should not be coerced into beneficiation'

22nd February 2005 The South African Chamber of Mines has reiterated that it supports government's drive for increased levels of beneficiation at the manufacturing level, but urged that manufacturing beneficiation should be fully based on commercial criteria, and not be coerced, but encouraged through an... 

Implats confirms R6,6bn SA capex plan

18th February 2005 World number two platinum producer Impala Platinum Holdings (Implats) said yesterday it would spend R6,6-billion on the development of two shafts that would add some 355 000 ounces of platinum to its annual production by 2014. 

Transnet's 'new approach' key to iron-ore growth

16th February 2005 Mining group African Rainbow Minerals (ARM) yesterday said it was time to unlock the value from its infrastructure investment in its iron-ore joint venture, after investing some R4-billion to upgrade the project. 

ARM to announce new empowerment move

16th February 2005 South African miner African Rainbow Minerals (ARM) is expected to make an announcement within the next two weeks about the establishment of a new company that would warehouse shares in the mining group reserved for a trade union consortium. 

Angloplat's expansion plans remain under review

15th February 2005 South African platinum giant Anglo Platinum maintained yesterday that it is confident the current robustness in platinum demand would continue, and added that it would proceed with its expansion programme, but warned that the strong rand would affect the timing of the implementation of future... 

Nkwe set to spend R20m on PGM study

8th February 2005 Australian-listed platinum hopeful Nkwe Platinum is aiming to develop a R450-million to R500-million mine in South Africa's Bushveld complex with a view to becoming one of the countries top platinum producers. 

World's deepest single-drop shaft opens

7th February 2005 With the official commissioning of South Deep Twinshaft complex near Westonaria, Gauteng, the mine launched the deepest single-drop shaft in the world at nearly 3 km. 

Gold-miner to cash in on uranium bull-run

4th February 2005 South African gold-miner AngloGold Ashanti is currently working to increase its uranium production capacity to cash in on the by-product, which is currently being buoyed by positive global market fundamentals, the company revealed at its financial results presentation last week. 

Northam sees expansion through Booysendal deal

4th February 2005 Platinum-miner Northam Platinum said yesterday it is pushing towards the finalisation of outstanding conditions precedent to the Booysendal project transaction, on the eastern limb of the Bushveld Complex, which would allow the company to expand its platinum resources. 


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