http://www.miningweekly.com

Global Mining News in real time

Platinum Group Metals News

RBPlat suspends BRPM South shaft ops following fatality

By: Creamer Media Reporter A winch operator at JSE-listed Royal Bafokeng Holdings’ Bafokeng Rasimone Platinum Mine (BRPM) South shaft has died after being struck by a scraper rope during scraping operations. All normal underground operations at the shaft were suspended pending an investigation into the incident. 

Bowmore closes first tranche of private placement, board member resigns

By: Creamer Media Reporter TSX-V-listed Bowmore Exploration has closed the first $355 600 tranche of a nonbrokered private placement with Canadian investors. The precious metals-focused exploration mining company noted on Friday that the gross proceeds raised from the placement were to be used to incur Canadian exploration... 

Rhodium slides to its lowest in more than a decade

By: Reuters Rhodium prices slid to their lowest level in more than a decade on Friday, suffering along with other platinum group metals from perceptions that the metal, widely used in the car industry, is in plentiful supply. Rhodium fell to $790 an ounce on Friday, its weakest since March 2004, extending... 

NUM members strike at Amplats’ Twickenham

By: Creamer Media Reporter More than 524 members of the National Union of Mineworkers (NUM) have downed tools at Anglo American Platinum’s (Amplats’) Twickenham mine, in Burgersfort, Limpopo, after Capital Development Services (CDS) served the union with a Section 189A notice as demanded by the Labour Relations Act. In a... 

NUM members strike at Amplats’ Twickenham

EFF to lay criminal charges against deputy president Ramaphosa, ministers 

By: African News Agency The Economic Freedom Fighters (EFF) said on Thursday it would lay charges against deputy president Cyril Ramaphosa, former police minister Nathi Mthethwa and top police management for the deaths of 44 people in Marikana three years ago. ”We are opening these cases because we believe only a proper... 

EFF to lay criminal charges against deputy president Ramaphosa, ministers
Photo by EFF
EFF leader Julius Malema

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

Atlatsa in talks with Amplats over Bokoni mine, financial support

By: Creamer Media Reporter Triple-listed platinum miner Atlatsa Resources on Wednesday said it was in talks with platinum major Anglo American Platinum (Amplats) regarding the future sustainability of the Bokoni mine, in Polokwane, as well as potential alternative financial support for the company. This followed after some... 

S Africa's platinum sector faces crunch time as prices slide

By: Reuters South Africa's platinum sector is at a crucial juncture as the metal's price, near six-year lows, maintains a steady decline, with analysts now contemplating a move below $1 000/oz. Platinum has fallen nearly 10% so far this year, and at current prices of less than $1 100/oz, many shafts in the... 

Mine mechanisation linked to local equipment retains jobs – Jourdan 

By: Martin Creamer Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and... 

Mine mechanisation linked to local equipment retains jobs – Jourdan
Photo by Creamer Media
Paul Jourdan

Jubilee concludes second tranche payment for DCM rights

By: Natasha Odendaal Dual-listed Jubilee Platinum’s share price on the JSE surged nearly 8% on Tuesday as the mine-to-metals specialist announced the receipt of funding offers for two of its surface projects and firm offers for its noncore nonplatinum assets, while it concluded the second of three share-payment... 

Creamer Media publishes Real Economy Insight: Platinum 2015 brief

This seven-page brief is a synopsis of key developments in the platinum industry over the past 12 months, including industry restructuring, mechanisation and automation, supply and demand, and the outlook for the sector. 

Creamer Media publishes Real Economy Insight: Platinum 2015 brief

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

NUM welcomes further investigation recommendation, defends member actions

By: Natasha Odendaal After reviewing the outcomes of the Farlam Commission of Inquiry into the events that led to the death of 34 miners at the hands of police near the Marikana mine, in Rustenburg, in 2012, the National Union of Mineworkers (NUM) has welcomed the commission’s recommendation for further... 

NUM welcomes further investigation recommendation, defends member actions

Marikana commission findings to be implemented – Zuma 

By: African News Agency Government would start implementing the recommendations of the Farlam commission of inquiry on the Marikana shooting, President Jacob Zuma said at the 60th commemoration of the Freedom Charter in Kliptown, Soweto on Friday. ”Work would begin to implement the recommendations of the report, so that... 

Marikana commission findings to be implemented – Zuma
Photo by Duane Daws
President Jacob Zuma

Aquarius secures first tranche in Everest mine sale

By: Natasha Odendaal JSE-listed Aquarius Platinum on Friday said it had received the first payment from the sale of its Everest mine to Northam Platinum. The Part A R400-million payment for the concentrator and other mining assets of Everest mine was concluded on Friday, with the R50-million balance, securing the... 

Commission of Inquiry into the Marikana massacre – outcomes

By: Creamer Media Reporter Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the outcomes of the Farlam Commission of Inquiry into the Marikana massacre. 

Commission of Inquiry into the Marikana massacre – outcomes

Farlam finds against Lonmin, recommends enforced housing delivery 

By: Martin Creamer The Farlam Commission of Inquiry into the Marikana massacre has found against platinum-mining company Lonmin on five counts and has urged the Department of Mineral Resources to compel the London-listed company to provide housing for mineworkers in what arguably ranks as the inquiry's most... 

Farlam finds against Lonmin, recommends enforced housing delivery
Photo by Duane Daws
President Jacob Zuma

Lonmin appoints COO to board

By: Megan van Wyngaardt Platinum miner Lonmin has appointed COO Ben Moolman as executive director with immediate effect.   “[This appointment] emphasises the importance the board  places on operational performance and safety, particularly as we face significant challenges in these areas as  highlighted in our second... 

Zuma set to release Marikana report on Thursday

By: News24Wire President Jacob Zuma will release the report of the Marikana Commission of Inquiry on Thursday evening. "President Jacob Zuma will address the nation this evening, June 25 2015, and also release the report of the Marikana Commission of Inquiry," the presidency said in a statement. 

Zuma set to release Marikana report on Thursday
Photo by Duane Daws
President Jacob Zuma

Zuma defends police before 'Marikana massacre' report release 

By: Reuters President Jacob Zuma on Tuesday defended the actions of police who shot dead 34 striking workers in 2012 at at Lonmin's Marikana mine. Speaking days before publication of a report on the most deadly security incident since the end of apartheid, Zuma said: "Those people in Marikana had killed... 

Global 2015 platinum deficit seen on firm demand – CPM Group

By: Reuters Global platinum supplies will remain in a deficit for the second straight year in 2015 despite rising mine production as demand for automobile manufacturing and jewelry is set to rise, CPM Group said on Tuesday. In its 'Platinum Group Metals Yearbook 2015', CPM group forecast a global 2015... 

Amplats’ Rustenburg subsidiary to trim workforce

By: Natasha Odendaal Platinum miner Anglo American Platinum’s (Amplats’) Rustenburg subsidiary plans to shed up to 420 jobs as it “redesigned” the organisational support structure and consolidated its operations to improve its financial sustainability. Rustenburg Platinum Mines (RPM), which on Tuesday issued Section... 

Amplats’ Rustenburg subsidiary to trim workforce

Sustainability key as gold talks with a difference kick off

By: Martin Creamer The sustainability of South Africa’s hard-pressed gold-mining industry is expected to be at the heart of the industry’s crucial set of wage talks that began in Boksburg on Monday. The five gold-mining companies concerned are expected to ask their 120 000 employees to accept inflation-related... 

Sustainability key as gold talks with a difference kick off
Photo by Daune Daws
Dr Elize Strydom

Lonmin launches youth training programme

By: Megan van Wyngaardt Platinum miner Lonmin has launched a youth cadet programme to train 500 young people from the Bapo ba Mogale traditional community in basic mining skills. Launched as part of South Africa’s Youth Month, the programme would span over three months, preparing the trainees for employment at local... 

Bapo cancel protest march against Lonmin after reaching new employment deal

By: African News Agency A protest march on Lonmin by the Bapo Ba Mogale was cancelled on Wednesday after the tribe reached an agreement with the platinum miner over its employment practices here. “We have an agreement with Lonmin: the mine will take 500 people for training and they will be paid a stipend of R5 000 per... 

Tharisa shares up on platinum/chrome miner’s profitability turnaround

By: Martin Creamer The share price of the JSE-listed Tharisa plc rose strongly in Johannesburg on Wednesday on a turnaround in the profitability of the platinum group metals (PGMs) and chromium concentrates producer. The share price of the Cyprus-domiciled but South Africa-focused company, which increased PGMs... 

Tharisa shares up on platinum/chrome miner’s profitability turnaround
Phoevos Pouroulis

Ruling says miners not entitled to info – Marikana lawyer 

By: News24Wire An application for President Jacob Zuma to immediately release the Farlam Commission's report on the Marikana killings was dismissed because the applicants were not yet entitled to that information, a lawyer said on Monday. "He [Judge Neil Tuchten] says that it is information that we are not... 

Ruling says miners not entitled to info – Marikana lawyer

Operational improvement bodes well for Amplats’ H1 results

By: Megan van Wyngaardt Platinum miner Anglo American Platinum (Amplats) expects its headline earnings and headline earnings per share (HEPS) for the six months to June 30, to climb by at least R31-million, or 12c a share, owing to an improvement in operational performance, following the five-month strike in the first... 

Hydrogen fuel cell backup power provided for 3 EC schools

By: Schalk Burger The Department of Science and Technology (DST), in partnership with mining giant Anglo American Platinum and gas products company Air Products, has rolled out three 5 kW hydrogen fuel cell systems to provide backup power for three schools in the Cofimvaba area of the Eastern Cape. Science and... 

Hydrogen fuel cell backup power provided for 3 EC schools
Photo by Duane Daws
Science and Technology Minister Naledi Pandor

Lonmin under pressure after Glencore stake transfer to shareholders

By: Reuters Shares in Lonmin fell by 5% on Friday and were set for their biggest weekly loss in almost three months after Glencore handed over its stake to its shareholders this week, highlighting investor concern over South Africa's troubled platinum sector. Mining and commodity trading house Glencore had... 

Amplats looking to float South African mines – sources

By: Reuters Anglo American Platinum (Amplats) is considering floating its labour-intensive South African mines around Rustenburg on the stock market rather than selling them because the offers it has received are too low, a company and banking source said on Friday. "It is definitely on the table now because... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.72Change: -0.11
R/$ = 12.49Change: -0.12
Au 1166.97 $/ozChange: -4.92
Pt 1058.00 $/ozChange: -3.20
 
Subscribe Now for $96
Subscribe Now for $96 Close