Angloplat talking to neighbours on ‘farm-fence' issues – Nicolau

Anglo Platinum was talking to its mining neighbours on farm-fence issues that were standing in the way of better mutual extraction, Anglo Platinum CEO Neville Nicolau said on Monday. Nicolau told Mining Weekly Online in a video interview that in...

Sylvania’s September quarter PGM output up 36%

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558...

Eqstra post R45m profit, expects earnings growth in 2010

Integrated leasing and capital equipment group Eqstra Holdings on Wednesday reported profit of R45-million for its first full trading year as a listed company. Basic earnings and headline earnings a share for the year ended June were 16,6c and...

Platinum producer stays optimistic despite challenges

Platinum producer Anglo Platinum (Angloplat) revealed in its latest financial results that it is maintaining its full-year output forecast of 2,4-million ounces, with the potential to hit 2,6-million ounces during the second half of 2009 in the...

Angloplat to slash capex by R3,5bn as 
economic slowdown takes its toll

Platinum major Anglo Platinum, part of the Anglo American group, has had to significantly reduce its capital expenditure budget as well as delay the progress of a number of its projects as the credit crisis takes its toll on the company.

Xstrata-pursued Anglo underperforms on R16bn AngloPlat rights-offer leak

Xstrata-pursued Anglo American was underperforming an ascending mining sector in London amid unconfirmed leaks that its rand-hit Anglo Platinum (AngloPlat) subsidiary would announce a $2 billion (R16,2-billion) rights issue at its first-half...

Uranium One shares plunge in Johannesburg after Kazakhstan report

The share price of Uranium One fell by as much as 19% in Johannesburg on Thursday morning, after reports out of Kazakhstan on Wednesday that some uranium deposits had been sold illegally. Uranium One traded 13,5% lower at R16 a share on the JSE...

SA to increase fluorspar consumption in next five years – Minister

Within the next five to ten years, South Africa would aim to increase the ratio of local consumption of fluorspar, and would make a concerted effort to increase the beneficiation of the mineral, Science and Technology Minister Mosibudi Mangena...

Implats interim earnings up, but production, costs disappoint

JSE- listed Impala Platinum (Implats) posted a 13,4% increase in half-year profit to R5,3-billion, despite an “extremely disappointing” production and cost performance. Headline earnings rose 14% to R8,77 per share for the first half of the...

Ridge agrees to delayed payments for noncore projects

Ridge Mining, which is scheduled to start commissioning its flagship Blue Ridge platinum mine later this month, has agreed to defer payments due for three projects that it is selling to Bushveld Platinum, but, in return, has negotiated a higher...

Water reclamation plant delivers on its promise

The eMalahleni water reclamation plant, established as a R300-million joint initiative between global resource companies Anglo Coal South Africa and BHP Billiton Energy Coal South Africa (Becsa), treats polluted mine water from underground...

Ridge Mining remains on track to start PGM production this year

Aim-listed Ridge Mining reported a loss of $2,6-million for the six months ended June 30, compared with a $9,2-million profit a year earlier. The company, which is developing platinum group-metal (PGM) projects in the Bushveld Complex of South...