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New highly profitable acid mine water solution unveiled

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

Zimbabwe's platinum industry calls for $2.8bn in new investment

By: Reuters     20th May 2016 Zimbabwe could double annual platinum production to more than 900 000 oz in the next decade and become the nation's top export earner but current producers need $2.8-billion in new investment to do so, the industry associaton said on Friday. The southern African nation holds the second largest... 

Zimbabwe's platinum industry calls for $2.8bn in new investment

Nkwe Platinum and International Petroleum settle

By: Mariaan Webb     20th May 2016 South Africa-focused Nkwe Platinum and Australian businessperson Tony Sage’s International Petroleum have settled their court proceedings, the platinum company reported on Friday. International Petroleum filed a $45-million claim against Nkwe Platinum in January, alleging that the platinum... 

Implats still searching for remaining missing miner

By: Creamer Media Reporter      20th May 2016 The body of Tanki Samuel Lepitikoe, one of the two employees who went missing in this week's fall-of-ground incident, has been found and brought to surface by mine rescue personnel. Implats said in a media release to Creamer Media's Mining Weekly Online on Friday that rescue efforts were... 

Too costly to shut: Mine sales stumble on looming clean-ups

By: Reuters     19th May 2016 Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump, but the crippling cost of environmental rehabilitation makes it tough to seal deals. Where mine sales have gone ahead, production is... 

Too costly to shut: Mine sales stumble on looming clean-ups
BHP Billiton held on to its loss-making Nickel West operation after failing to find a buyer. The business is estimated to have $1-billion in closure liabilities.

Ivanhoe slams NGO misinformation on flagship Platreef PGM project

By: Henry Lazenby     19th May 2016 Africa-focused project developer Ivanhoe Mines on Thursday condemned “in the strongest terms possible” a statement issued late Wednesday by nongovernmental organisation (NGO) Mining Watch Canada, alleging that its subsidiary Ivanplats was engaged in human rights abuses and illegal operations as... 

Rescue operations under way for trapped Implats miners in Rustenburg

By: African News Agency      19th May 2016 Two mineworkers trapped underground at Impala Platinum Holdings Limited (Implats) mine in Rustenburg have not yet been located, the company said on Thursday. “Rescue operations are ongoing. Rescue teams made progress overnight. The workers have not been located, but rescue teams have reached the... 

Impala Platinum CEO to step down

By: Martin Creamer     18th May 2016 Impala Platinum (Implats) on Wednesday announced that its CEO, Terence Goodlace, would step down on December 1. Goodlace, 57, who began as a R200-a-month learner miner, has been with the platinum-group metals mining, processing, refining and marketing company for six years. 

Impala Platinum CEO to step down
Photo by Duane Daws
Implats CEO Terence Goodlace

Minister launches long-term acid mine water solution 

By: Martin Creamer     18th May 2016 Water Minister Nomvula Mokonyane on Wednesday launched a long-term project to turn acid mine drainage (AMD) into safe water for commercial use as either industrial or potable water. The Minister chose the old south-west vertical shaft area of the dormant East Rand Proprietary Mines (ERPM) to... 

Minister launches long-term acid mine water solution
Photo by Duane Daws
Water Minister Nomvula Mokonyane

Australia miners ‘missing in action’ in Colombia

By: Samantha Herbst     18th May 2016 Australia’s resource houses are “missing in action” in Colombia, Latin America’s third-largest economic powerhouse, and need to move quickly to increase their engagement with the mineral-rich State, said Colombian Mining Association president Santiago Angel Urdinola. Addressing the Paydirt 2016... 

Two employees missing after fall-of-ground at Implats operation

     17th May 2016 Two miners are missing after a fall-of-ground incident at Impala Platinum’s (Implats') Rustenburg 1 shaft on Tuesday morning. A rescue operation was under way to locate the missing employees. 

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Zimbabwe's Q1 gold, platinum production picks up – chamber of mines

By: Reuters     17th May 2016 Zimbabwe's mining production rose in the first quarter of 2016, with gold production up to 5 t from 4 t in the previous year after electricity supply stabilised, the Chamber of Mines said on Tuesday. While production was likely to rise in the remainder of the year, risks to the sector remained,... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report

Palladium left out of precious metals rally; investors shy away

By: Reuters     17th May 2016 Investor appetite for palladium-backed exchange-traded funds is failing to pick up after a dismal 2015, pointing to another difficult year for the metal despite the prospect of a deepening supply deficit. Market watchers are predicting the market shortfall for palladium will grow this year as... 

Atlatsa swings to Q1 net profit despite lower output

By: Henry Lazenby     16th May 2016 Canadian platinum-group metals (PGM) producer Atlatsa Resources has swung to a first-quarter net profit of C$565 000, or nil per share, despite lower output as the company was implementing a restructuring in order to better cope with stubbornly low PGM prices. The financial performance for the... 

Platinum bear cycle tipped to turn this year – report

By: Reuters     16th May 2016 Platinum's slide to seven-year lows in January marked the end of the 18-month bear cycle that saw it nearly halve in value, Metals Focus said in a report on Monday, as it forecast a shortfall in supply this year. However, a weak start to the year and limited investor demand will peg prices at $1... 

AMCU to set wage demands for platinum sector

By: Reuters     16th May 2016 Members of South Africa's Association of Mineworkers and Construction Union (AMCU) will on Thursday begin meetings to decide on pay demands for platinum companies as wage talks loom, a spokesman said on Monday. Manzini Zungu said the union's branches would put forward their wage demands which... 

Bright interims, better output lift Lonmin share price

By: Martin Creamer     16th May 2016 The share price of platinum mining company Lonmin rose sharply on Monday on net cash generation, higher platinum sales and the expectation of platinum demand from the automotive and chemical sectors remaining firm. Lonmin’s share price rose 17.57% to R42.56 a share in early JSE trade after Lonmin... 

Bright interims, better output lift Lonmin share price
Lonmin CEO Ben Magara

Employee killed in accident at BRPM North shaft

     16th May 2016 An employee at Royal Bafokeng Platinum’s Bafokeng Rasimone Platinum Mine (BRPM) North shaft has died following a conveyor belt accident on May 12. All conveyor belt operations at the BRPM North shaft have been suspended pending an investigation into the accident, which has started in conjunction... 

Platinum deficit to reach 455 000 oz in 2016

By: Ilan Solomons     16th May 2016 Lower supply of and higher demand for platinum are expected to lead to a 455 000 oz deficit this year, compared with the 135 000 oz deficit previously anticipated. Total supply was forecast to decrease 1% to 7.8-million ounces this year, from 7.9-million ounces in 2015, owing to lower refined... 

Platinum deficit to reach 455 000 oz in 2016

Strong platinum leadership needed – Sibanye

By: Martin Creamer     13th May 2016 Strong leadership is required in the fragmented South African platinum mining sector, which newcomer Sibanye Gold described on Friday as having too much unprofitable production and questionable capital allocation. Speaking at the 2016 Oxford Platinum Lectures, CEO Neal Froneman told his UK... 

Strong platinum leadership needed – Sibanye
Photo by Duane Daws
Neal Froneman

Northam raises R175m for growth projects

By: Natasha Odendaal     13th May 2016 JSE-listed Northam Platinum on Friday said it had successfully raised term debt through the issue of R175-million of five-year senior unsecured fixed-rate domestic medium-term notes. The proceeds were expected to further strengthen Northam’s balance sheet and bolster the funding for the company’s... 

Northam raises R175m for growth projects
Northam CEO Paul Dunne

Amplats-linked German company unveils hydrogen storage, logistics system

By: Dylan Slater     13th May 2016 The first commercial hydrogen storage and logistics system was launched earlier this month at Germany-based hydrogen startup Hydrogenious Technologies, a company in which platinum miner Anglo American Platinum invested.  

Amplats-linked German company unveils  hydrogen storage, logistics system
Photo by Duane Daws
FUEL CELL A hydrogen fuel cell prototype used by Anglo American Platinum in a locomotive

End of commodities boom hits African countries

By: Keith Campbell     13th May 2016 "The global commodity super cycle has come to an end, sharply lowering the price of oil, gas, metals and minerals," stated the World Bank in its most recent Regional Overview for Africa (published in late March). "As a net commodities exporter, Africa is deeply affected by falling commodity... 

End of commodities boom hits African countries

Jubilee exceeds design capacity at Dilokong chrome recovery plant

By: Samantha Herbst     12th May 2016 Dual-listed mine-to-metals specialist Jubilee Platinum subsidiary Jubilee Tailings Treatment Company (JTTC) says its chrome recovery plant, which is part of its platinum-group metals-bearing tailings processing project on Dilokong chrome mine, is outperforming original design numbers, with the... 

Water taken from Sterkfontein still not replaced – Muller 

By: Martin Creamer     12th May 2016 Water extracted from the Sterkfontein dam had still not been replaced, six months after officials promised that it would be, Wits School of Governance visiting adjunct professor Mike Muller has pointed out. Speaking at this week’s South African Institution of Civil Engineering Civilution... 

Water taken from Sterkfontein still not replaced – Muller
Photo by Duane Daws
Mike Muller

Platinum out of low-price straightjacket – survey

By: Martin Creamer     12th May 2016 Platinum is leaving its low price past behind it and the palladium deficit is deepening, the Thomson Reuters GFMS platinum report states. The team forecasts a $1 005/oz average platinum price in 2016 and a $595/oz palladium price, with GFMS precious metals mining manager William Tankard expecting... 

Platinum out of low-price straightjacket – survey
Photo by Reuters
Palladium

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers

By: Martin Creamer     12th May 2016 At most other times in the mining cycle, news of the sale of a goody-two-shoes metallurgical coal asset like Australia’s Grosvenor would have had buyers queuing up to buy. But disposal of even alluring resources in today’s uncertain and low-price environment needs to be accompanied by an enticing... 

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers
Photo by Bloomberg
Seamus French

New deal places platinum bars, coins within reach

     12th May 2016 Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the World Platinum Investment Council and Valcambi partnership and the developments in platinum fuel-cells. 

New deal places platinum bars, coins within reach

Ivanhoe substantially lifts Platreef’s resources

By: Henry Lazenby     11th May 2016 Africa-focused project developer Ivanhoe Mines has released an updated mineral resource estimate for its flagship Platreef platinum-group metals (PGMs) nickel, copper and gold project on South Africa’s Bushveld Complex’s northern limb, located near the town of Mokopane, in Limpopo. The... 

New deal places platinum bars, coins within reach

By: Martin Creamer     11th May 2016 The World Platinum Investment Council (WPIC) and Valcambi on Wednesday announced a partnership to increase the availability of platinum bar and coin products for the global retail market, marking the latest in a series of new strategic initiatives by the world platinum body to stimulate further... 

New deal places platinum bars, coins within reach
Marcus Grubb

To stop conflict minerals, make European firms establish origin of supply chain – expert

By: Reuters     10th May 2016 European companies should be required by law to establish the origin of the minerals they use in their products to put an end to the trade in gold, tin and other minerals mined in conflict zones, a leading expert said on Tuesday. Campaigners have long raised concerns that proceeds from mining... 

Draft Mining Charter under intense legal scrutiny

By: Martin Creamer     10th May 2016 The possible far-reaching implications for the mining industry of the new draft Mining Charter came under intense scrutiny in Johannesburg on Tuesday when a team of lawyers discussed the various changes contained in the draft and focused in particular on its attempt to align the mining industry –... 

Draft Mining Charter under intense legal scrutiny
Sabelo Dlamini of Fasken Martineau

Northam sells 20.3% Trans Hex stake

     9th May 2016 Platinum miner Northam Platinum has sold its 20.3% interest in diamond miner Trans Hex to Business Venture Investments No 1952 for R81.8-million. Northam had acquired the stake in Trans Hex through its June 2011 acquisition of Mvelaphanda Resources. 

Northam sells 20.3% Trans Hex stake
Photo by Duane Daws
Northam CEO Paul Dunne

Lonmin reports fatality at Rowland shaft

     9th May 2016 Platinum miner Lonmin on Monday reported that a loco operator at its Rowland shaft had been killed in a box hole incident on Saturday. An investigation into the accident was under way. 

Contract miner to restructure partnerships to enhance rewards

By: Kimberley Smuts     6th May 2016 The contract mining, plant leasing and rental division of Eqstra, MCC, is taking a new approach to contract mining to improve its partnerships with clients. The company has embarked on creating a contract model that works on a project-to-project basis to reduce costs, increase revenue and grow... 

Contract miner to restructure partnerships to enhance rewards
RESTRUCTURED CONTRACTS REDUCE COSTS MCC will provide solutions based on each mine it services, enabling the alignment and adaption to clients' changing requirements

Smokey Hills operations temporarily suspended

     6th May 2016 South African platinum producer African Thunder Platinum (ATP), owned by global resource investment corporation Aberdeen International, has to temporarily suspend mining operations at the Smokey Hills platinum-palladium mine, in Limpopo, to focus on the planning and permitting required to... 

Smokey Hills operations temporarily suspended
Photo by Reuters
PRIORITISING FUTURE COSTS Developing the opencast operation at Smokey Hills platinum-palladium mine should provide additional tonnage and improve operating flexibility
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