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Topic

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Terence Goodlace

By: Martin Creamer     19th October 2018 This week Mining Weekly features Terence Goodlace, the nonexecutive director of Gold Fields, Kumba Iron Ore and AfriTin, and the former CEO of Impala Platinum 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Dollar shortage 'short-term problem' for miners in Zimbabwe – Minister

By: Reuters     10th October 2018 A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters. Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Costs, limited markets hampering progress towards hydrogen economy

By: Schalk Burger     5th October 2018 The use of platinum group metals- (PGMs-) based fuel cells in electricity and mobility applications is expected to provide ample commercial opportunities for South Africa, in line with worldwide trends to decarbonise electricity generation and transport. However, the high cost of these... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Zimplats held up as mine safety benchmark at Joburg Indaba

By: Martin Creamer     4th October 2018 Zimplats platinum mine in Zimbabwe was held up as a safety benchmark at the Joburg Indaba, which on Thursday observed a minute’s silence for mining colleagues fatally injured at work. Opening the second day of the well-attended event, Gold Fields, Kumba Iron Ore and AfriTin director Terence... 

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

Joburg Indaba to provide ‘reality check’, promote investment

By: Paige Müller     28th September 2018 This year’s Joburg Indaba will focus heavily on the economic environment and South African government’s role in encouraging investment in the embattled local mining sector, says investment conference specialist and organiser of the Joburg Indaba, Resources 4 Africa. Resources 4 Africa CEO Paula... 

Industry leaders to tackle concerns at Indaba

By: Paige Müller     28th September 2018 With the economy and Mining Charter front of mind, the 2018 Joburg Indaba – taking place from October 3 to 4 at the Inanda Club, in Johannesburg – will scrutinize the mining industry and the economy, says event organiser Resources 4 Africa. Key speakers will focus on diverse topics, with the... 

Post-Mugabe policies raising expectations for Zim platinum-sector growth

By: Nadine James     28th September 2018 Amid Zimbabwe’s policy changes after former President Robert Mugabe’s removal in November 2017 and the subsequent air of expectation, the country’s platinum sector is poised for positive growth, if not for the challenges presented by the depressed global platinum market.  The Zimbabwe Geological... 

On-The-Air (21/09/2018) 

By: Martin Creamer     21st September 2018 Japan is forecasting a massive market for fuel cells that use South African platinum; South African company Isondo this week reported that it is at the ready to produce fuel cell components locally; and Global commentators this week called on resource-rich African countries to use their wonderful... 

Investor confidence takes on new hue, South Africa needs to embrace it with vigour

By: Martin Creamer     21st September 2018 Investor confidence is no longer a stand-alone in the South African context, where it includes other key confidences. In delivering 51% higher headline earnings of R4 814-million in the 12 months to June 30 accompanied by a hefty R1.7-billion cumulative dividend payout, African Rainbow Minerals... 

Resources Watch  

20th September 2018 Implats has strong new collaboration with governments of South Africa, Zimbabwe And, Afrox achieves double-digit HEPS growth amid subdued economic environment 

On-The-Air (14/09/2018) 

By: Martin Creamer     14th September 2018 South African mining companies are entering an exciting new era of close collaboration with the governments of South Africa and Zimbabwe; Gold mining, which was once the darling of the investor community, are now battling to raise even low levels of capital; and Australia is proving to the world... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Implats reports after-tax loss on impairments

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats) on Thursday reported improved gross profit of R1.6-billion but an after-tax loss on impairments. Impairments of R13.6-billion, mainly due to the restructuring of Impala Rustenburg, resulted in an after-tax loss of R10.8-billion. 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

African Rainbow Minerals earnings rise, cash mounts, dividend boosted

By: Martin Creamer     7th September 2018 The headline earnings of diversified mining company African Rainbow Minerals (ARM) rose sharply in the 12 months to June 30, when the company generated strong cash flow that has underpinned a boosted cumulative dividend payout of R1.7-billion. Headline earnings increased by 51% to R4 814-million,... 

TAKRAF Africa – a century of service to Africa’s mining and industrial sector

5th September 2018 Integrated solutions provider and equipment supplier TAKRAF Africa will put on display its innovative primary mineral sizer in Hall 9, Stand G03. 

PTM, partners apply for Waterberg mining right

By: Creamer Media Reporter      4th September 2018 TSX- and NYSE American-listed Platinum Group Metals (PTM) has filed a mining right application for its joint venture (JV) Waterberg platinum group metals project, in South Africa. The application was submitted to the Department of Mineral Resources and comprised the mining work programme, a... 

Crosible Filtration

30th August 2018 Esablished in 1996, Crosible Filtration celebrates 22 years of supply and service excellence and is proudly ISO 9001:2015 certified.   Crosible Filtration supplies custom-manufactured press cloths to the following industries: coal washing plants, mineral dewatering, gold and platinum concentrate,... 

PGMs producer focuses on palladium in Limpopo

24th August 2018 Platinum and palladium mining company Platinum Group Metals is refocusing its business on the large-scale, bulk mineable Waterberg project in Limpopo, South Africa which is dominated by palladium and has reserves in platinum, rhodium, gold, copper and nickel. “Our key business objectives are to... 

Implats expects wider FY18 losses

By: Simone Liedtke     20th August 2018 Platinum producer Impala Platinum (Implats) expects its headline loss to widen by 18% to 36% year-on-year to between R1.1-billion and R1.3-billion for the financial year ended June 30. Its headline loss a share is also expected to widen to between 162c and 186c. 

Afraid of no-one and ready for a long strike, union leader tells Implats

By: Reuters     17th August 2018 Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13 400 jobs, the union's president said on Thursday. Joseph Mathunjwa, who led a five-month strike in 2014,... 

Mantashe blames Gold Fields bosses for mine woes

By: Reuters     16th August 2018 Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management", Mining Minister Gwede Mantashe said on Thursday, piling pressure on CE Nick Holland. Gold Fields, which is due to report half-year results later, said this week it would cut 1 100 permanent jobs... 

Department of Mineral Resources entering the fray to stop mining companies from closing mines

By: Martin Creamer     10th August 2018 The new Department of Minerals Resources (DMR) is showing a strong tendency to resist companies that apply to shut mines or put mine shafts on care and maintenance. The DMR is advocating applying Section 52 of the Minerals and Petroleum Resources Development Act ahead of the labour-reducing... 

Govt must play role in limiting large-scale retrenchment – RBPlat 

By: Martin Creamer     7th August 2018 Government must play a role in limiting large-scale retrenchment in the platinum sector by potentially incentivising companies to curb job loss. Mineral Resources Minister Gwede Mantashe has objected strongly to the retrenchment plans of Impala Platinum in particular and Royal Bafokeng Platinum... 

AMCU threatens strike action at Implats over planned job cuts

By: Anine Kilian     7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... 

Collaborative partnerships, mine closures and operational restructuring under the spotlight 

7th August 2018 Platinum miner Royal Bafokeng Platinum gives evidence that collaborative partnerships, rather than heavy-handed laws are needed in the South African industry, the Department of Mineral Resources is showing strong tendencies to resist companies that apply to shut mines or put them on care and... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

SA needs passive fire protection

By: Donald Makhafola     27th July 2018 Safety in mining is a high priority in South Africa, and the country needs to adopt stricter regulations regarding passive fire protection systems, says global technologies company Hilti South Africa mining, business development manager Hector Cerdio. More awareness should also be created... 

Mark Munroe

By: Martin Creamer     20th July 2018 This week Mining Weekly features Impala Platinum CE Mark Munroe, who heads a R14-billion, 40 000-employee platinum mining, processing, refining and marketing operation 

Rising regulatory pressure expected to affect profitability of mining firms in sub-Saharan Africa

By: Natasha Odendaal     6th July 2018 Rising regulatory risks, as a consequence of improving commodity prices, are expected to challenge the improving profitability experienced by mining companies in sub-Saharan Africa over the next few months, the latest report by BMI Research shows. This will be further compounded by widespread... 

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