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Listing preferred option for Anglo's South Africa platinum mines – CEO

By: Reuters Anglo American favours a listing of some South African platinum mines as the most likely route to divesting those assets, the mining group's CE said on Friday. Platinum has been a problem for London and Johannesburg-listed Anglo American for some time, due to recurrent strikes and stubbornly weak... 

Johnson Controls’ control software system secures platinum mines

By: Ilan Solomons One of the world’s largest producers of platinum-group metals (PGMs), in partnership with technology group Johnson Controls, has developed, piloted and implemented Johnson Controls’ P2000 X-Ray software control integration solution at its operations. The trialling of the software system was... 

Johnson Controls’ control software system secures platinum mines
P2000 X-RAY SCANNER The P2000 X-Ray software solution is helping the mining house to improve the management of its X-ray machines

Anglo American sees solid Q1

By: Megan van Wyngaardt Global miner Anglo American on Thursday reported that its first quarter for the year delivered a solid production performance, in line with expectations. Although its South African iron-ore mines were facing some challenges, compounded by a weak iron-price, the company reported a 71%... 

Anglo American sees solid Q1

Amplats production increases 50% after strike action

By: Megan van Wyngaardt JSE-listed Anglo American Platinum (Amplats) equivalent refined platinum production has increased by 50% to 536 000 oz for the three months ended March, compared with the strike-impacted first quarter of 2014. The company reported on Thursday that its large openpit Mogalakwena mine, in Mokopane,... 

Sale of Aquarius’ Everest mine to Northam now unconditional

By: Natalie Greve The conditions precedent related to Part A of the sale of Aquarius Platinum’s idled Everest mine to Northam Platinum have been fulfilled, rendering the disposal process unconditional and an amount of R400-million payable to Aquarius by June 26. Aquarius announced in February that it had entered... 

Skills dearth retarding mechanised mining success – Gold Fields 

By: Martin Creamer Plans being fleshed out by South Africa’s Chamber of Mines (CoM) in liaison with government for a centre of excellence were poised to take mechanised mining to the next level, Gold Fields CEO Nick Holland said on Tuesday. But in the meantime, the going continued to be tough in the mechanised... 

Skills dearth retarding mechanised mining success – Gold Fields
Photo by Duane Daws
Nick Holland

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

RBPlat reports fatality at Styldrift

By: Creamer Media Reporter JSE-listed Royal Bafokeng Platinum (RBPlat) on Tuesday reported a fatality at its Styldrift I project, in Rustenburg. Underground operations were suspended pending a full investigation after an Aveng contract employee, who was employed as an equipping assistant, was fatally injured in a... 

PTM pushes Waterberg resources limit 3.4 km northwards

By: Henry Lazenby Vancouver-based Platinum Group Metals (PTM) has extended the northern limit of the known Waterberg Extension deposit, on the northern limb of South Africa’s Bushveld Igneous Complex. PTM on Monday announced that new intercept WE 049 was located 3.4 km northward beyond the previous resource... 

Ivanhoe and Zijin Mining close $85m private placement

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group have closed a $85-million private placement, boosting the miner’s working capital and available funds for general corporate purposes, and advancing the company’s three main projects. Zijin acquired a 9.9% stake in... 

New dust buster initiative sounds potential death knell for silicosis scourge

By: Martin Creamer A spectacular new dust control system announced at a Chamber of Mines (CoM) of South Africa conference on Monday is described as the closest the industry has come to a silver bullet to put an end to the curse of silicosis and other lung diseases that have plagued the South African mining industry... 

New dust buster initiative sounds potential death knell for silicosis scourge
Photo by Duane Daws
Terence Goodlace

Creamer Media publishes African Mining Projects in Progress 2015 report

Creamer Media’s African Mining Projects in Progress 2015 report tracks developments taking place in Africa’s mining sector and across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium. 

Creamer Media publishes African Mining Projects in Progress 2015 report

RBPlat warns of load-shedding impact as Q1 output falls 6% y/y

By: Megan van Wyngaardt JSE-listed platinum miner Royal Bafokeng Platinum (RBPlat) on Friday reported that its milled tonnes, for the quarter ended March 31, had increased by 6% to 540 000 t, with Merensky and upper group two (UG2) volumes up 2% and 58% respectively. However, the built-up head-grade reduced by 10% to... 

Electricity supply problems, decentralised power trend opportunity for platinum

By: Martin Creamer South Africa’s electricity problems are offering platinum mining companies a major opportunity to stimulate the offtake of platinum. State power utility Eskom’s loadshedding programme and the global trend towards decentralised power generation are elevating power-generating fuel cell technology –... 

Electricity supply problems, decentralised power trend opportunity for platinum

Obtaining social licence a manageable challenge for emerging miner

By: Kimberley Smuts Obtaining a social licence to operate is one of the main challenges faced by emerging miner Wesizwe Platinum, which is sinking the main shaft of its Bakubung mine, on the western limb of the Bushveld Igneous Complex. Wesizwe corporate affairs and investor relations executive Hamlet Morule tells... 

Goldman Sachs bullish on South Africa as favourable investment destination 

By: Martin Creamer Leading global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a favourable destination for fund managers because of the depth of its capital market and the scarcity of other emerging market options. Goldman Sachs... 

Goldman Sachs bullish on South Africa as favourable investment destination
Photo by Duane Daws
Colin Coleman

Commission gives Northam’s acquisition of Everest mine the nod

By: Natalie Greve The Competition Commission has recommended to the Competition Tribunal that the acquisition of the mothballed Everest platinum mine, in Mpumalanga, by Northam Platinum subsidiary Micawber be approved, without conditions. Micawber intended to acquire and take cession of the mining right associated... 

US palladium imports soar in 2014 – USGS

By: Henry Lazenby The US imported unusually large amounts of unwrought palladium from Italy and Switzerland in 2014, the US Geological Survey (USGS) said in its latest mineral industry survey for January. Imports from Italy totalled 19 000 kg last year, more than double the amount in 2013 and significantly more... 

Tharisa posts record monthly PGM output

By: Natalie Greve JSE-listed Tharisa has posted record monthly production from its South African mine, delivering 12 874 oz of platinum-group metals (PGMs) in March and exceeding the previous record of 10 593 oz, produced in January. The company added in a production update on Tuesday that it had lifted output for... 

Platinum prices to average $1 500/oz in 2016 – Natixis

By: Martin Creamer Platinum prices will average $1 500/oz in 2016 and $1 285/oz this year, French bank Natixis forecasts in its metals review for the first half of 2015. Platinum is currently trading at a far lower $1 147/oz with recycled metal and above-ground stocks still playing a price-restraining role. 

Platinum prices to average $1 500/oz in 2016 – Natixis

Creamer Media publishes African Mining Roundup for April 2015 research report

This month’s report includes details of ASX-listed South Boulder Mines’ prefeasibility study on the Colluli potash project, Eritrea; platinum development company Wesizwe Platinum’s intersection of the secondary upper group two reef at the main shaft of its Bakubung mine, on the western limb of... 

Creamer Media publishes African Mining Roundup for April 2015 research report

Wesizwe halts Bakubung shaft development work following fatality

By: Creamer Media Reporter Shaft sinking work at the main and ventilation shafts of Wesizwe Platinum’s Bakubung mine, in North West, have been temporarily stopped pending the outcome of an investigation into the death of a contractor. JSE-listed Wesizwe reported on Monday that the 50-year-old contractor, who was working as... 

PTM’s WBJV Project 1 peak funding rises

By: Natasha Odendaal South Africa-focused miner Platinum Group Metals (PTM) expected the peak funding for its 82.9%-owned flagship Western Bushveld joint venture (WBJV) Project 1 to increase by 2% on the back of escalating operating costs. The estimated rise to $514-million emerged on the back of increased estimated... 

Northam offers BEE shares as part of R6.6bn deal 

By: Natalie Greve Northam will proceed with the implementation of a share offer as part of a landmark R6.6-billion black economic-empowerment (BEE) transaction approved by shareholders last month. The deal would, in conjunction with a previously concluded equity raising of R4.6-billion, take ownership levels in... 

Northam director resigns

James Cochrane has resigned as director of Northam Platinum, effective April 15. “The board would like to thank [him] for his valuable contribution to the company during his tenure as a director of Northam,” the platinum miner said in a statement on Friday. 

Eastplats, Hebei place break fees into escrow

By: Natalie Greve Chinese firm Hebei Zhongbo Platinum and Eastern Platinum (Eastplats) have each lodged break fees of $11.25-million with an escrow agent as required under the terms of share purchase agreements (SPAs) related to Hebei’s acquisition of Eastplats’ entire South African platinum group metals business.... 

Fuel cell offers platinum opportunities

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the opportunity opening up for platinum demand owing to the electricity crisis. 

Fuel cell offers platinum opportunities

Energy solutions provider unveils fuel cell system at the CoM

By: David D‘ Oliveira Energy solutions provider Mitochondria Energy Company (MEC) last month unveiled its 100 kW fuel cell at the Chamber of Mines (CoM) building, in Johannesburg. The new technology promises to be the future of alternative electricity supply, particularly amid escalating grid prices, as well as... 

Energy solutions provider unveils fuel cell system at the CoM
POWERING THE CHAMBER OF MINES Mitochondria Energy Company’s fuel cell system will supply an average of between 30 kWh and 80 kWh during periods of peak demand

S Africa’s February mining output up 7.5% y/y

By: Creamer Media Reporter South Africa’s mining production increased by 7.5% year-on-year in February. The main contributors to the increase were iron-ore, contributing 4.2 percentage points; platinum-group metals (PGMs), contributing 2.8 percentage points; and manganese ore, contributing 1.1 percentage points. Gold made... 

Resources Watch

By: Creamer Media Reporter This week: Power problems offer platinum a huge demand opportunity. And, Some R450-million has been paid to former miners in the past year. 

Resources Watch

Russian industrial giant looks to Africa to boost exports

By: Reuters Russia is pursuing costly state oil and platinum projects in Africa despite an economic crisis at home, hoping they will bolster sales, including of arms, for businesses hit by Western sanctions over the conflict in Ukraine. Moscow has mostly focused on building ties with Asia since the US and... 

Russian industrial giant looks to Africa to boost exports
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