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Lonmin to showcase social projects after share price meltdown

By: Reuters     6th November 2017 Embattled London and Johannesburg-listed platinum producer Lonmin will unveil new health and road projects in South Africa on Monday in a ceremony that will be overshadowed by its latest share price collapse. Lonmin, not for the first time, is facing an uncertain future after its shares lost 30%... 

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

NUM, Solidarity sign three-year wage agreement with Assmang

By: Natasha Odendaal     26th September 2017 Trade unions the National Union of Mineworkers (NUM) and Solidarity have secured a three-year wage agreement with iron-ore and manganese miner Assmang at its operations in the Northern Cape. Assmang, a joint venture between Assore and African Rainbow Minerals, operates the Khumani iron-ore mine,... 

All South Africans need to work together to grow and transform mining

By: Martin Creamer     15th September 2017 Mineral Resources Minister Mosebenzi Zwane makes sure he attends foreign mining conferences but fails to engage stakeholders at home on the realities of his Mining Charter Three, which is a great pity. Unfortunately, he was not challenged at the LatAm Mining Cumbre in Santiago, but thankfully his... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Proper process control components increase processing efficiency

By: Marleny Arnoldi     8th September 2017 With technology and equipment used for mineral processing well established and generally highly automated, slurry control valves manufacturer eDART is focused on the efficient use of energy and the improved reliability of components.  

Assore posts record headline earnings

By: Ilan Solomons     8th September 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

Zwane calls for turning point after Kusasalethu mine deaths

By: African News Agency      1st September 2017 Mineral Resources Minister Mosebenzi Zwane said on Friday that the Kusasalethu mine incident where five mineworkers lost their lives should be a “turning point” in the health and safety of the country’s mining industry. “Kusasalethu mine deaths should be a turning point in mine safety in the... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

ARM FY headline earnings to increase; company sets R330m aside for silicosis claims

By: Creamer Media Reporter      21st August 2017 Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the 2017 financial year to be between R16.25 and R17.02, 229% to 245% higher than the headline earnings a share of R4.94 achieved in the 2016 financial year. The JSE-listed company noted in a trading... 

ARM appoints new FD as Arnold set to retire

By: Megan van Wyngaardt     12th June 2017 Mike Arnold will retire as FD of African Rainbow Minerals (ARM) on December 10, after eight years in the role. In the months to come, he will work with his successor Abigail Mukhuba, to ensure a smooth handover process. 

Norilsk’s $271m suit against Botswana over stalled sale provisionally set down for hearing this month

By: Mia Breytenbach     2nd June 2017 Russian miner Norilsk Nickel, which intends to sue the Botswana government to recover $271-million in damages and other legal costs from a stalled sale, says a date for the court hearing has been set provisionally for the middle of June. “We are waiting for this process to be concluded. We... 

Strong stance on employee safety required – miner

     19th May 2017 South Africa’s diverse wealth of minerals and a well-regulated mining industry mean mines employ hundreds of thousands of mineworkers from all over Africa, states miner, refiner and marketer of platinum-group metals Impala Platinum (Implats). 

Settlement likely by year-end as parties in silicosis case pursue out-of-court option

By: Jade Davenport     5th May 2017 Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa’s gold mines are expected to reach an out-of-court settlement before the close of the year. The class action, which was lodged in May 2016, comprises, according to attorney Richard Spoor, an... 

Settlement likely by year-end as parties in silicosis case pursue out-of-court option

By: Jade Davenport     5th May 2017 Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa's gold mines, are anticipated to reach an out of court settlement before the close of the year. The class action, which was lodged in May 2016, comprises, according to attorney Richard Spoor, an... 

Beeshoek mine, South Africa

By: Thabi Madiba     28th April 2017 An iron-ore mine located in Postmasburg, in South Africa’s Northern Cape. 

Khumani mine, South Africa

By: Thabi Madiba     21st April 2017 An iron-ore mine located 30 km south of Kathu, and about 65 km north of Assmang’s Beeshoek mine, in the Northern Cape, South Africa. 

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

By: Megan van Wyngaardt     20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

It behoves all mines to adhere to new water reporting guide as important first step

By: Martin Creamer     31st March 2017 Water use has been growing at more than twice the rate of population increase in the last century. By 2025, 1 800-million people will be living in countries or regions with absolute water scarcity and two-thirds of the world population could be under water stress conditions. 

Impairments drag ARM into narrowed loss

By: Martin Creamer     16th March 2017 Diversified mining company African Rainbow Minerals (ARM) on Thursday reported a narrowed basic earnings loss of R254-million in the six months to December 31. The loss resulted mainly from attributable impairments of the Nkomati nickel and Modikwa platinum mines totalling R1.4-billion after tax... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

By: Kim Cloete     8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Milestone for Two Rivers as PGM production surpasses 400 000 oz/y

By: David Oliveira     3rd February 2017 Mpumalanga-based Two Rivers, a joint venture between diversified miner African Rainbow Minerals (ARM) and platinum producer Impala Platinum (Implats), reached an important milestone last year, producing more than 400 000 oz of platinum-group metals (PGMs) for the first time since the mine started... 

Polymer-based elastomeric material reduces corrosion, costs

By: Nadine James     3rd February 2017 To reduce corrosion and maintenance while enhancing efficiency, pump manufacturer Mather+Platt is applying polymer-based elastomeric material to its internal pump components as well as the external housing of the pump units. The company notes that the advanced polymer material is unique to the... 

Milestone for Two Rivers as PGM production surpasses 400 000 oz/y

By: David Oliveira     3rd February 2017 Mpumalanga-based Two Rivers, a joint venture between diversified miner African Rainbow Minerals (ARM) and platinum producer Impala Platinum (Implats), reached an important milestone last year, producing more than 400 000 oz of platinum-group metals (PGMs) for the first time since the mine started... 

AngloGold free cash soaring

By: Martin Creamer     14th November 2016 The generation of free cash by gold mining company AngloGold Ashanti is soaring. Free cash flow of $161-million in the third quarter is 54% higher than the free cash flow generated in the six months to June 30. 

Gold miners granted leave to appeal High Court ruling

By: Megan van Wyngaardt     21st September 2016 South African gold miners African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold have been granted leave to appeal against all aspects of the class certification judgment delivered by the South Gauteng High Court in May. The six mining... 

Globally competitive mining legislation critically important – Motsepe 

By: Martin Creamer     8th September 2016 Globally competitive mining legislation is critically important for South Africa, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Thursday when he gave his full backing to the “once empowered, always empowered” principle currently the subject of negotiation between... 

ARM pays lower dividend as earnings plummet

By: Martin Creamer     8th September 2016 The headline earnings of diversified mining company African Rainbow Minerals (ARM) decreased 40% to R1 051-million in the 12 months to June 30. Earnings a share were 494c, compared to 803c last financial year. 

Assore earnings down on global iron-ore, manganese oversupply

By: Martin Creamer     7th September 2016 Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year. The Johannesburg Stock Exchange-listed company, chaired by Des Sacco, reported a poor ongoing... 

ARM concludes R450m Dwarsrivier stake sale to Assore

By: Creamer Media Reporter      29th July 2016 Diversified miner African Rainbow Minerals (ARM) has completed the R450-million sale of its 50% indirect interest in the Dwarsrivier chrome mine to joint venture (JV) partner Assore. The Dwarsrivier mine was owned by Assmang, a JV in which ARM and Assore previously each owned a 50% interest. 

Gold miners approach SCA for leave to appeal class action judgment

By: Megan van Wyngaardt     15th July 2016 South African gold miners African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony and Sibanye Gold on Friday filed petitions to the Supreme Court of Appeal (SCA) for leave to appeal against the class action certification judgment delivered in the South... 

Mining companies file petition for leave to appeal

     15th July 2016 The six companies that are members of the Occupational Lung Disease Working Group today each filed petitions to the Supreme Court of Appeal for leave to appeal against the class action certification judgment delivered in the South Gauteng High Court on 13 May. The companies are African Rainbow... 

Gold mining companies granted partial leave to appeal against certification judgment

By: Anine Kilian     24th June 2016 The South Gauteng High Court on Friday granted gold mining companies leave to appeal against a finding amending the common law in respect of general damages claims regarding the class certification judgment handed down by the court in May. It, however, refused leave to appeal on the certification... 

Patrice Motsepe launches new investment firm

By: News24Wire      15th April 2016 Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan van Zyl and Johan van der Merwe, unveiled the... 

Mine mechanisation gains traction

By: Simon Sonnekus     1st April 2016 More South African mining companies are shifting from using conventional labour forces to mechanising their deep-level operations, as they are exposed to increased seismic stress and the subsequent seismic activity, higher temperatures and time-consuming travelling to the rock face, says... 

Motsepe spells out difficulty of retaining mandatory BEE ownership in perpetuity  

By: Martin Creamer     16th March 2016 The difficulty companies have in preventing their mandatory black economic empowerment (BEE) ownership arrangements from unravelling when BEE shareholders sell out is highlighted by top South African business leader Patrice Motsepe’s personal experience of BEE undoing within his diversified... 

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