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Martin Czernowalow

Aflease to sell 26% stake to BEE consortium Restricted

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.
By: Martin Czernowalow
Published on 23rd February 2005

'Miners should not be coerced into beneficiation' Restricted

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...
By: Martin Czernowalow
Published on 22nd February 2005

Implats confirms R6,6bn SA capex plan Restricted

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.
By: Martin Czernowalow
Published on 18th February 2005

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

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.
By: Martin Czernowalow
Published on 16th February 2005

ARM to announce new empowerment move Restricted

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.
By: Martin Czernowalow
Published on 16th February 2005

Angloplat's expansion plans remain under review Restricted

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...
By: Martin Czernowalow
Published on 15th February 2005

Nkwe set to spend R20m on PGM study Restricted

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.
By: Martin Czernowalow
Published on 8th February 2005

World's deepest single-drop shaft opens Restricted

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.
By: Martin Czernowalow
Published on 7th February 2005

Gold-miner to cash in on uranium bull-run Restricted

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...
By: Martin Czernowalow
Published on 4th February 2005

Northam sees expansion through Booysendal deal Restricted

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...
By: Martin Czernowalow
Published on 4th February 2005

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