Limpopo mine, South Africa

An underground operation, situated in the Limpopo province.

Sallies announces BEE deal with ARH

Investment holding company African Renaissance Holdings (ARH) has entered into a multi-million rand black economic empowerment (BEE) deal with JSE-listed fluorspar company Sallies. Sallies announced on Monday that ARH would, in terms of the BEE...

Bernard Swanepoel's Village bids R411m for Lesego platinum

JSE-listed precious metals miner Village Main has bid R411-million for the control of Lesego platinum. More than 205-million shares at a 200 c will be issued to settle the deal that will leverage the benefits of R142-million of capital Lesego has...

Global economic improvement supports platinum price

The positive fundamentals of the improving global economic conditions might be expected to support the platinum price for 2010, reports precious metals and speciality chemicals company Johnson Matthey in its 2009 interim platinum review. However,...

Lonmin shares rise as worst seems over for platinum miner

The shares of Lonmin rose 7% in Johannesburg and London as the market perceived the worst to be over for the right-sizing platinum miner, whose promised actions were largely on track. "We announced 700 000 oz and produced 683 000 oz. We were a...

Radical change needed to rightsize high cost structure – Lonmin

The London- and JSE-listed Lonmin Platinum is the first and the smallest of the world’s three platinum majors to take the scalpel to costs in the wake of the collapse of the platinum price. New Lonmin Platinum CEO Ian Farmer tells Mining Weekly...

Radical change needed to rightsize high cost structure – Lonmin Platinum

The London- and JSE-listed Lonmin Platinum is the first and the smallest of the world’s three platinum majors to take the scalpel to costs in the wake of the collapse of the platinum price. New Lonmin Platinum CEO Ian Farmer tells Mining Weekly...

Now Lonmin says 1 500 Limpopo jobs at risk, flags 2009 BEE vulnerability

The world's third-largest platinum producer, Lonmin Platinum, on Monday formally announced the possible reduction of another 1 500 jobs, this time at its "unprofitable" Limpopo platinum operation, following Friday's announcement that 4 000 jobs...

Lonmin reorganises, hopes for consolidation

World number three platinum producer Lonmin hopes that 2008 will be a year of transformation for the company, which has been seeking to overhaul itself, to address the problems it has been suffering from over the past year or so. These problems...

Hurdles loom for tidal wave of platinum juniors

Money, platinum in the ground, a capable empowerment partner, a qualified skills base, and government approval are on the must-have shopping list for any platinum hopeful in South Africa. In fact, it is easier said than done to tick each of these...

Hurdles loom for tidal wave of juniors

Money, platinum in the ground, a capable empowerment partner, a qualified skills base, and government approval are on the must-have shopping list for any platinum-hopeful in South Africa.

Australians pursue PGM opportunities in SA

Australian mining project development company Africa Pacific Capital Limited (APCL) plans to invest between R40-million and R50-million in platinum-group metals (PGM) exploration projects in South Africa this year through an Australian subsidiary...