Unki platinum mine and process plant, Zimbabwe

The concentrator at Unki mine was commissioned in the fourth quarter of 2010.

Resources Watch

This week: Cost bites see Harmony profits fall. RBPlat says Styldrift 2 may need a R10-billion investment. And, Exxaro to step up capex to R7.1-billion next year.

Styldrift 2 may need R10bn investment, says RBPlat

South Africa’s black-owned Royal Bafokeng Platinum (RBPlat) said on Monday its organic growth strategy could result in a R10-billion investment in the Styldrift 2 project. CFO Martin Prinsloo said on Tuesday that the company was “very...

A STUDY IN PLATINUM CONCENTRATION

Platinum-group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) CE Steve Phiri and RBPlat CFO Martin Prinsloo concentrate as they report that 288 100 oz of PGMs in concentrate was produced in RBPlat’s first reporting year to December 31....

New benchmark of black owners, black managers, black workers

A new black economic empowerment benchmark has been set in the South African mining business with the creation of the Royal Bafokeng Platinum (RBPlat) mining company. This benchmark is made up of a combination of black ownership, black management...

Resources Watch

This week: Foreigners snap up Royal Bafokeng Platinum shares; African Barrick looking in west, north-east Africa for potential M&A; and, AngloGold Ashanti CEO says it's 'on the cusp of a 100-year mining change'.

Foreigners snap up Royal Bafokeng Platinum shares

Despite South Africa's mine nationalisation talk, the strong demand for Royal Bafokeng Platinum (RBPlat) shares from international investors shows continued confidence in South Africa as an investment destination. "What specifically made us very...

Differing shareholders close ranks as Bafokeng move to raise R1bn in IPO

The publicly differing founding shareholders of the black-controlled platinum-mining company RBPlat on Monday closed ranks in support of the JSE aspirant's bid to raise R1-billion in an initial public offering (IPO) on November 8. RBPlat CEO...

Empowered Royal Bafokeng platinum heads for JSE

New black-controlled platinum-mining company Royal Bafokeng Platinum (RBPlat) on Monday announced its intention to list on the JSE in the last quarter of 2010. A Royal Bafokeng Holdings (RBH) subsidiary, RBPlat holds 67% of the operating Bafokeng...

Phiri to head growth-poised JSE-bound platinum NewCo

Ferrochrome company head Steve Phiri is stepping down as CEO of Merafe to take over the reins of a new growth-poised JSE-bound platinum company that is expected to be listed in the second half of 2010. Long-standing Merafe CFO Stuart Elliot will...

AngloPlat, Bafokeng deal opens way for new platinum listing

The world’s leading platinum producer Anglo Platinum confirmed on Friday that it had reached agreement with the Royal Bafokeng Nation, which would enable South Africa’s wealthiest indigenous tribe to take a majority interest in, and...

Canadian standards body to promote health, safety, enviro management in Africa

Canadian Standards Association (CSA) Africa, which opened an operational office in South Africa last October, intends capitalising on Canada’s good mining safety reputation. The South Africa office will promote CSA’s global mining experience...