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PLATINUM

Anooraq reports lower production

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Platinum miner Anooraq Resources said on Friday that the high number of Section 54 safety stoppages, as well as a planned mill shell replacement at its Merensky concentrator had an adverse impact on its fourth-quarter production. Platinum group...

By: Idéle Esterhuizen

30th March 2012

MINING INVESTMENTS

Pallinghurst looking at new opportunities as portfolio matures

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JSE-listed Pallinghurst Resources CE Arne Frandsen on Friday said the company intended to pursue a number of new investment opportunities, both within its current portfolio and in developing investment platforms, as its original portfolio...

By: Henry Lazenby

30th March 2012

PLATINUM

Wesizwe awards R1.64bn shaft-sinking contract for Bakubung

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JSE-listed Wesizwe Platinum on Thursday announced that Aveng Grinaker-LTA Mining has been awarded the R1.64-billion shaft-sinking contract at the company’s Bakubung platinum mine, in the North West. In selecting the successful contractor, the...

By: Henry Lazenby

30th March 2012

FINANCIAL RESULTS

Jubilee says mine-to-metal strategy progressing

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JSE- and Aim-listed Jubilee Platinum said on Thursday that despite a challenging six months, the company had progressed its implementation of its mine-to-metal business strategy well. During the six months to December, the exploration and...

By: Natasha Odendaal

29th March 2012

PLATINUM

IDC invests big in Gilbertson/Frandsen new-look platinum integration

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Pallinghurst chairperson Brian Gilbertson

South Africa’s State-owned Industrial Development Corporation (IDC) has made its biggest single investment in five years - R3.24-billion - in Platmin’s comeback as an integrated miner and beneficiater. The delisted Platmin, now enhanced and...

By: Martin Creamer

29th March 2012

PGMs

Mitsubishi buys 25% of Marathon PGM project

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Billings, Montana-based palladium and platinum producer Stillwater Mining has agreed to sell a 25% stake in its Marathon project in Ontario to Mitsubishi for $94.6-million, including a commitment from the Japanese firm to meet the venture’s...

By: Matthew Hill

28th March 2012

MINING FINANCE

Tharisa secures R1bn loan for PGMs, chrome expansion

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Tharisa Mining said on Wednesday it had secured a R1-billion debt facility for the expansion of its platinum group metals (PGMs) and chrome mine near Rustenburg. The company, chaired by Loucas Pouroulis, plans to increase the capacity of its...

By: Creamer Media Reporter

28th March 2012

PLATINUM

Owner-operator model proves winner for Smokey Hills

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South Africa-focused Platinum Australia has reported an improvement in all areas of production at its Smokey Hills platinum mine since it switched from a contractor to owner-operator model at the start of this year. In January, Platinum Australia...

By: Esmarie Swanepoel

26th March 2012

Topics in these articles

City	Company	Currency	Facility
Johannesburg London New York Billings Toronto Rustenburg Perth	Anooraq Resources Gemfields Wesizwe Jubilee Platinum Industrial Development Corporation Lonmin Nkwe/Xstrata Pallinghurst Platmin Mitsubishi Stillwater Mining Absa Capital HSBC Nedbank Platinum Australia	CAD USD AUD SGD	Bokoni Mine Bushveld Complex Booysendal Mine Tharisa Mine
Country	Natural Feature	Person	Technology
Mozambique South Africa Argentina Canada United States	Kalahari Smokey Hills	Arne Frandsen Brian Gilbertson Jacob Mothomogolo Jianke Gao Leon Coetzer Geoffrey Qhena Keith Liddell Frank McAllister John Lewins	Pollution Control Dedicated 5MW DC Arc Furnace Facility Using ConRoast Technology
Industry Term	Programming Language	Product	Province Or State
Mine-to-metal Business Strategy Electricity Integrated Mining Mining Platinum Mining Platinum Platinum Producer	DC	Montana	Montana Ontario