Aquarius posts interim loss, production down

ASX-, LSE- and JSE-listed Aquarius Platinum on Thursday posted a loss of $113-million, or 24.31 c a share, for the first half of its 2012 financial year. Aquarius CEO Stuart Murray attributed the negative result for the six months to December 31...

Zim indigenisation 'a political football' - Caledonia CEO

Caledonia Mining, the Toronto- and London-listed Zimbabwean gold miner, does not expect to finalise a sale of a stake to locals until the run-up to an election. CEO Stefan Hayden said the indigenisation law, which requires companies operating in...

SA union delays strike at Impala Platinum

The National Union of Mineworkers (NUM) said on Tuesday that a strike at Impala Platinum planned for Monday will be delayed to allow further negotiations between management and the union. NUM spokesman Lesiba Seshoka said Impala Platinum...

Two Rivers two-day underground sit-in ends after interdict

The two-day "unprotected illegal" underground sit-in strike at Two Rivers platinum mine in Mpumalanga province – which was initially said to be a hostage drama – has ended, JSE-listed African Rainbow Minerals (Arm) said on Friday. A separate...

Implats reports second fatality after methane explosion

Platinum producer Impala on Friday reported a second fatality linked to the September 9 methane explosion at its Rustenburg operations. All operations at the No 14 shaft had been suspended after the explosion.

Implats confirms methane explosion death

South African platinum producer Impala reported on Monday that one of its workers who had been injured in a methane explosion at its Rustenburg operations, on September 9, had succumbed to his injuries. Another two employees were injured when the...

Arm aiming for 100 000 t/y copper in 5 years

Diversified miner African Rainbow Minerals (Arm) aims to be producing at least 100 000 t/y of copper in five years, CEO André Wilkens tells Mining Weekly Online. Wilkens says that the company is already in a sweet spot with the commodities it...

Debt-free, cash-flush Northam Platinum acquirer or takeover target - analyst

Debt-free, cash-positive but underrated Northam Platinum could return to being a platinum-industry takeover target, as it was before the global economic meltdown, or it could consider using its nigh-R1-billion in cash to acquire juniors and become...

8% decline in platinum producer’s production

The production of platinum from Impala Platinum’s (Implat’s) operations fell by 8% to 468 000 oz in the first half of 2008, reports Johnson Matthey’s Platinum 2008 Interim Review.

Strong poised to grow stronger as platinum industry mulls consolidation

On the one hand, the National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum mining company, and on the other are an acquisitive Impala Platinum and an emerging Xstrata Resources, both...

Real Economy Report

This is the Real Economy Report. Our top stories this week: South African mine protected vehicle plant is geared for growth, Impala Platinum targets a 45 MW power reduction and, South Africa's first bus rapid-transit system is to be operational by...

Impala, Australian explorer agree ‘$800 000-in-two-years' platinum-nickel deal

South Africa's second-largest platinum miner Impala had agreed to spend $800 000 in two years on platinum-nickel project generation in Southern Africa as part of an alliance with Australian explorer Impact Minerals Limited, the Australian Stock...