Industrial action, safety stoppage hit Eastplats output

Industrial action and a mine fatality negatively impacted on fourth-quarter production at Eastern Platinum’s (Eastplats’) Crocodile River Mine (CRM), resulting in the South African mine’s output falling by 40% year-on-year in the final three...

Eastplats says CRM ops suspended after fatal accident

TSX- and JSE-listed Eastern Platinum (Eastplats) has suspended operations at its Crocodile River Mine (CRM) in South Africa, following a fatal accident at the Zandfontein section on Monday. CEO Ian Rozier said that an employee of engineering...

Eastplats reports lower Q2 production

Production at Eastern Platinum’s (Eastplats) flagship Crocodile River mine (CRM) fell by one third to 20 528 oz in the June quarter , owing to labour issues at its South African mine, the TSX-, Aim- and JSE-listed company reported on Tuesday....

Eastplats reports lower quarterly output

Production at TSX-, Aim- and JSE-listed Eastern Platinum’s (Eastplats’) Crocodile River mine (CRM) fell by 22% to 25 387 oz in the first quarter ended March, from 32 752 oz in the December quarter. President and CEO Ian Rozier said the...

Eastplats full-year profit jumps to $13m

TSX-, Aim- and JSE-listed Eastern Platinum (Eastplats) recorded a net profit of $5-million in the fourth quarter of 2010, up significantly from $330 000 recorded in the fourth quarter of 2009. The Vancouver-based junior with mining interests in...

Palabora announces changes to board

JSE-listed Palabora Mining on Friday announced the resignation of Lindsay Kirsner as a nonexecutive director, with effect from February 3, while Craig Kinnell was appointed as replacement from February 4. The Rio Tinto subsidiary reported that...

Eastplats reports lower fourth-quarter PGMs output

Vancouver-based junior Eastern Platinum (Eastplats) produced 32 752 oz of platinum-group metals (PGMs) at its Crocodile River Mine (CRM) in the fourth quarter, which is 13% less than its record third-quarter output. The fourth-quarter production...

Eastplats profit more than doubles

Vancouver-based Eastern Platinum earned $4,04-million in the third quarter of 2010, compared with $1,84-million a year earlier, after earnings were buoyed by higher sales volumes and metals prices. Revenue for the quarter was up 39% year-on-year,...

Eastplats PGM output up 26% in Q3

Platinum-miner Eastern Platinum produced 37 798 oz of platinum-group metals (PGMs) in the third quarter from its Crocodile River mine, in South Africa, a new record for the company and an increase of 26% year-on-year. Output benefited from a 22%...

PGMs-miner Eastplats may raise output to 600 000 oz/y

Platinum junior Eastern Platinum (Eastplats) could potentially raise its overall output to 600 000 oz/y of platinum-group metals (PGMs), after implementing a phased development plan for its PGM assets on the eastern limb of South Africa’s...

AngloGold Ashanti’s Moab Khotsong mine to install rope monitoring systems in bid to improve safety

Diversified engineering and technology company Ansys Limited, has won a R20-million contract to supply eight continuous rope-monitoring (CRM) systems to gold-mining major AngloGold Ashanti.

Eastplats still mulling ways to reinitiate mothballed projects

Platinum-miner Eastern Platinum (Eastplats), which reported lower first quarter results on Wednesday, said that it expected a more profitable second quarter, owing to higher platinum group metals (PGMs) price trends and the fact that the...