Lonmin will continue to spend growth capital, manage market volatility

Platinum major Lonmin will continue to spend growth capital and to manage reasonable market volatility. The ability to continue to develop growth capacity has been assisted by longer-term $945-million facilities that have strengthened the balance...

Safety audit shows Aquarius meets industry standards

The world’s fourth-largest platinum miner Aquarius on Wednesday released the findings of an independent safety audit, which concluded that its South African operations met, and in some instances, exceeded industry standards. This comes after...

Maintenance contract secured for 960 drill rigs

Mining equipment provider Solstech has secured a R6,5-million contract to supply construction giant Murray & Roberts with new maintenance-friendly drill rigs, as well as a maintenance contract worth R500 000/m. The 960 drill rigs will be used...

13/05/2011 (On-The-Air)

The South African gold-mining industry is being shaken by the claims of silicosis sufferers; a Rustenburg platinum company is going a head with a R13-billion expansion programme and a new push is under way to make engineering attractive to South...

Lonmin commits to expand Marikana output to 950 000 oz

Platinum miner Lonmin plans to grow output at its Marikana mine to 950 000 oz of platinum by 2015, CEO Ian Farmer announced on Monday, adding that the long-term fundamentals of the platinum group metals (PGM) market remained attractive. Lonmin,...

Aquarius profit jumps on higher production, prices

Midtier platinum-miner Aquarius on Thursday reported significantly higher net profit of $94,3 million for its half-year ended December 2010 – 23 times more than the corresponding period in the prior year. Aquarius said that revenue jumped 63%...

Aquarius Platinum targets 530 000 oz in FY2011

Midtier platinum-miner Aquarius Platinum, which swung from a loss to a net profit of $27,8-million in the 2010 financial year, plans to increase its attributable platinum-group metals (PGMs) output by 25% to 530 000 oz in the 2011 financial year....

Aveng says Aquarius withdraws R963m damages claim

Midtier miner Aquarius Platinum has withdrawn a R963-million damages claim against Aveng and the MD of its contract mining unit Moolmans, the engineering and construction group said on Friday. However, Aveng said that its counterclaims against...

South African miners meet with DMR over safety directive

South Africa's Department of Mineral Resources (DMR) on Monday met with mining companies that would be affected by a safety directive relating to mechanised bord-and-pillar mining methods in the North West province. Mines using mechanised...

Aquarius unsure when Marikana shaft will restart

Aquarius Platinum, the world's No. 4 primary platinum producer, said on Thursday operations at a shaft of its Marikana mine in South Africa were still suspended a week after the death of five miners. "It [shaft 4] is not open at the moment. I...

Seven die in South African mines in 24 hours

South Africa's National Union of Mineworkers has called on the mining industry to step up safety efforts, after seven people died in three separate accidents in the past 24 hours. South Africa's largest gold-miner, AngloGold Ashanti, on Thursday...

Aquarius suspends output at Marikana after deadly accident

JSE-listed Aquarius Platinum has suspended operations at the Marikana mine's number-four shaft, after five contract workers died on Tuesday evening. Two more workers were injured in the major fall-of-ground accident, but did not sustain...