South African companies pursuing ironclad Canadian opportunities

Two South African companies are pursuing iron opportunities in Canada, the one the JSE-listed Petmin and the other the lesser known unlisted Iron Mineral Beneficiation Services (IMBS), which got under way with the help of initial private equity...

Resources Watch

This week: South Africa may turn to the private sector for help with mine-water pollution. Petmin mulls a TSX listing for its low-cost pig iron venture. And, greater intervention is needed to tackle acid mine drainage.

Iron sands and pig iron project, Canada

The iron sands and pig iron project will be a low-cost feedstock for making a high-purity pig iron product.

Petmin mulling TSX listing for low-cost pig iron venture

JSE and Aim-listed steel-feed mining company Petmin is targeting the production of the lowest cost pig iron “on the planet” at its jointly controlled North Atlantic Iron Corporation (NAIC) iron sands project in Canada's Labrador province....

Petmin says ready for local, international growth

JSE-listed diversified miner Petmin on Monday reported profit of R47-million for the six months ended December 31, following a period of significant capital investment in its flagship Somkhele metallurgical anthracite mine, in KwaZulu-Natal, and...

Petmin sells Delmas silica mine for R259m

JOHANNESBURG (miningweekly.com) − Multicommodity mining company Petmin has sold its SamQuarz silica mine, near Delmas, Mpumalanga, to a subsidiary of Spain’s Grupo FerroAtlantica for R259-million in cash, the JSE- and Aim-listed company...

S Africa’s Petmin to invest $25m in Canadian iron sands JV

South African diversified miner Petmin plans to increase its stake in a Canadian iron sands and pig iron joint venture (JV) project by a further 40% through a $25-million investment, the JSE- and Aim-listed miner announced on Wednesday. This...

Petmin sells Delmas silica mine for R259m

Multicommodity mining company Petmin has sold its SamQuarz silica mine, near Delmas, Mpumalanga, to a subsidiary of Spain’s Grupo FerroAtlantica for R259-million in cash, the JSE- and Aim-listed company announced on Tuesday. Petmin, which...

Somkhele mine expansion to double output

Anthracite producer Petmin is currently expanding its Somkhele mine, to double current saleable anthracite production to about 1.1-million tons a year.

Petmin generates strong cash flow, but profit remains flat

JSE- and Aim-listed multicommodity miner Petmin on Wednesday reported a 63% increase in cash generated to R194-million for the six months ended December 31, but said that profit increased only marginally owing to the negative impact of a stronger...

Petmin considers growth opportunities

JSE- and Aim-listed anthracite and silica company Petmin is aiming to be South Africa's largest anthracite producer, but is also keen to add other commodities to its mix, CEO Bradley Doig said on Wednesday. The company has shown strong growth...

R120m plant to double Somkhele coal capacity – Petmin

Multicommodity company Petmin’s shares on the JSE surged by nearly 10% on Thursday, after the company announced that it would invest R120-million on a second coal processing plant at its Somkhele mine, in South Africa’s KwaZulu-Natal...