Mvela proceeds with unbundling as it wins Khumama arbitration

JSE-listed Mvela Resources’ share price rose more than 7% on Friday, after it announced that the arbitration to resolve a long-standing contractual dispute with its former shareholder, Khumama Platinum, went its way. Commercial manager James...

Booysendal platinum project, South Africa

The Booysendal project is based on a 103-million-ounce resource, which is shallow and conducive to mechanised mining methods.

Khumama arbitration set to delay Mvela's unbundling

The arbitration to resolve the long-standing contractual dispute between JSE-listed Mvelaphanda Resources and its former shareholder Khumama Platinum is expected to delay the Mvela unbundling process, the company said on Tuesday. Mvela said that...

Company Announcement: Solid operating performance from the Zondereinde mine Metal price slump dents profits

Attached please find a press release on: Commenting on developments in the year, Northam CEO Glyn Lewis said today that the finalisation of the Booysendal transaction and the implementation of the agreements associated with the acquisition of the...

Daily podcast – August 26, 2008

In today's podcast: Transnet CEO Maria Ramos denies newspaper reports that the group had secretly sold a part of the sea, sea shore or seabed to foreigners, Northam Platinum could produce at full capacity of some 400 000 tons a month from its...

Northam studies alternative power sources for Booysendal project

Precious metals producer Northam Platinum could produce at full capacity of some 400 000 t/m from its newly acquired Booysendal project from 2014/15, an official said on Monday. One feature that its bankable feasibility study (BFS) on the...

Postfeasibility evaluation under way at Booysendal

Mid-tier platinum miner Northam Platinum is currently finalising its review and evaluation of the prefeasibilty studies at its Booysendal project, which is located on the eastern limb of the Bushveld Complex.

Booysendal to lift Northam into platinum big league

South Africa's Northam Platinum on Wednesday took a big step towards realising its ambition to more than double production of the precious metal by partly acquiring the vast Booysendal platinum project. The project would help lift production of...

Northam Platinum changing from deep, complex to shallow, lower cost

Platinum-mining company Northam is often an analysts’ afterthought when platinum majors are presented and also excluded when juniors are discussed.

Mining giant increases BEE credits

The world’s largest platinum producer, Anglo Platinum, in September last year, unveiled three black empowerment deals to put R35-billion of its assets under the control of black South Africans.

Acquisition delayed until January

The proposed acquisition by Mvela Resources of Anglo Platinum's stake in Northam Platinum and the Booysendal project has been delayed, the companies said in a joint statement issued last month.

AngloPlat, Mvela deal delayed

The proposed acquisition by Mvela Resources of Anglo Platinum's stake in Northam Platinum and the Booysendal project has been delayed, the companies said in a joint statement on Wednesday.