Resources Watch

This week: Coal miner Exxaro will submit five renewable energy bids. Pan African Resources reports record earnings. And, South Africa should be extremely concerned about Implats’ strike, says Northam.

Northam Platinum CEO adds his voice to ending platinum’s agony

One mining company commenting on another’s strife is a rare if not unprecedented occurrence. But such is the agony and fear running through the ranks of Southern Africa’s beleaguered platinum industry that the country as a whole needs to be...

Strike punishing platinum, value sharing proposal, junior miner incentive

The plight of South Africa’s platinum-mining industry is far more crucial than most South Africans seem to acknowledge;Anglo American Platinum's Vishnu Pillay puts forward a proposal of value sharing;Finance Minister Pravin Gordhan keeps support...

Company Announcement: Improved production at Zondereinde

Northam’s improved results for the half-year emerged largely on the back of Zondereinde’s performance. Metals in concentrate produced at the company’s western limb operation were 27% higher at 4 592kg (147 636oz). The higher rand basket...

Country should be extremely concerned about Implats’ strike – Northam

South Africa should be extremely concerned about the strike at Implats, Northam Platinum CEO Glyn Lewis said at the weekend. Lewis was speaking in response to a question from the media on the potential of the strike spreading from Implats to...

Company Announcement: Nedbank provides funding for Northam's Booysendal mine

Nedbank Corporate Banking and Nedbank Capital today announced the successful conclusion of a joint funding agreement of R1 billion to Northam Platinum Limited (Northam).

Northam profit falls as strike, stoppages hit production

JSE-listed Northam Platinum reported a sharp drop in earnings for its 2011 financial year on Thursday, mainly owing to strike- and safety-related stoppages impacting on production at the Zondereinde mine in Limpopo. Earnings were down 46%...

Northam Platinum to list in New York

Mid-tier South African platinum miner Northam is to list in New York. Northam CEO Glyn Lewis says that the JSE-listed platinum-group-metals (PGM) producer is taking the step to provide its “growing” US shareholder base with a more visible...

NUM members reject Northam's improved wage offer

Members of the National Union of Mineworkers (NUM) at the Zondereinde mine, where a strike over wages is in its fifth week, have rejected a revised offer from Northam Platinum. JSE-listed Northam said on Wednesday that NUM workers had turned down...

Northam wage strike drags on after CCMA talks end in deadlock

The two-and-a-half week strike by unionised workers at Northam Platinum’s Zondereinde mine, in Limpopo province, continued on Wednesday, as the latest round of wage negotiations failed. The majority of the mine’s 6 800 employees downed tools...

Northam boosts FY sales, sees further cost increases for 2011

JSE-listed platinum-miner Northam said on Friday that despite a year of "mixed fortunes", sales revenues were up 23,8% to R3,9-billion for the year ended June 30, 2010, underpinned by a creditable operating performance from its Zondereinde mine...

Jubilee studies ConRoast furnace for Northam's Booysendal

Aim- and JSE-listed Jubilee Platinum has signed a memorandum of understanding (MoU) with fellow JSE-listed platinum-miner Northam to study the potential of constructing a new direct current arc furnace to treat a portion of platinum-group metal...