Merger and acquisition whirl returns to mining space

After last year’s scramble to strengthen balance sheet, a merger and acquisition (M&A) whirl has returned to the mining space, say financial service providers. While much of the M&A is still orientated towards putting cash in the kitty...

Housing agreement to open doors

A memorandum of understanding (MOU), which was signed on November 13 this year between platinum miner Anglo Platinum (Angloplat) and the Department of Housing (DoH) to promote home ownership in the North West province and Limpopo province, has...

Angloplat appoints new head of engineering, projects unit

World number-one platinum producer Anglo Platinum on Wednesday said it had appointed Frederik Neethling to executive head of its engineering and projects division. Neethling was replacing Duncan Wanblad, who had resigned from the post to join...

Unki platinum mine passes one-year LTI-free milestone

The largest platinum producer in the world, Anglo Platinum’s first platinum mine in Zimbabwe, Unki, passed its one-year milestone of lost time injury (LTI)-free hours in May this year.

World’s largest platinum producer appoints new CEO

The minerals giant, Anglo Platinum announced the appointment of Neville Nicolau as CEO of the company, with effect from June 1, 2008.

New Angloplat CEO hopes to fix miner's safety reputation

CEO designate of the world's biggest platinum producer, 48-year old mining engineer Neville Nicolau, said on the day of the announcement of his appointment that "safety is our moral licence to operate". This came after his...

Anglo Platinum appoints Neville Nicolau as CEO

World number-one platinum producer Anglo Paltinum (Angloplat) on Tuesday announced the appointment of former AngloGold Ashanti COO Neville Nicolau (48) as its new CEO, effective June 1. This came after Ralph Havenstein quit the top job in August...

'Enormously tight' market could see platinum price breach peak of $3 308/oz in early March – Investec

A portfolio manager at financial institution Investec said last week that the platinum price was expected to close this year at levels above $2 400/oz, in an "enormously tight" market.

‘Enormously tight’ market could see platinum peak above $2 400/oz - Investec

A portfolio manager at financial institution Investec said on Tuesday that the platinum price was expected to close this year at levels above $2 400/oz, in an "enormously tight" market. Investec's forecasts were that there would be...

South Africa and skills, Angloplat and output, Northam and electricity

Impala Platinum CEO David Brown has made an impassioned plea to government and business to get together to sort South Africa’s skills drain - or face the prospect of “costs spiralling of control”. Read on page 13 of this edition...

Where's missing 200 000 oz, JP Morgan's Shepherd asks Angloplat

Barry Davison spoke of 3,5-million ounces by 2006 and Ralph Havenstein downed that to 2,8-million by 2007, but current joint acting CEO Duncan Wanblad is not, at this stage, promising beyond 2,4-million in 2008.

Real Economy Report

From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: - Key players discuss the future for energy generation - South African engineers call for reviews in fee guidelines, and - Anglo Platinum reports a 30...