Company Announcement: Improved production at Zondereinde

Northam’s improved results for the half-year emerged largely on the back of Zondereinde’s performance. Metals in concentrate produced at the company’s western limb operation were 27% higher at 4 592kg (147 636oz). The higher rand basket...

Northam lifts earnings 161%, advances big new project

JSE-listed Northam Platinum, which is like a sea of tranquillity in Southern Africa’s current platinum storm, shot the lights out in the six months to December 31 with 161% higher earnings and improved production.

Govt-enforced safety stoppages lacerate Amplats, Lonmin platinum production

JOHANNESBURG (miningweekly.com) – Soaring government-enforced safety stoppages at South African platinum mines have lacerated the production performances of mining companies Anglo American Platinum (Amplats) and Lonmin, latest production reports...

Govt-enforced safety stoppages lacerate Amplats, Lonmin platinum production

Soaring government-enforced safety stoppages at South African platinum mines have lacerated the production performances of mining companies Anglo American Platinum (Amplats) and Lonmin, latest production reports indicate. Both companies say that...

Company Announcement: URSA Major Minerals Reports Gross Revenue of $2,499,084 at Shakespeare Nickel Mine for the quarter ended July 31, 2011

URSA Major Minerals Incorporated announces its financial and operating results for the three and six months ended July 31, 2011. URSA Major produces nickel, copper and precious metals from the Shakespeare Nickel Mine located 70 kilometers west of...

Northam profit falls as strike, stoppages hit production

JSE-listed Northam Platinum reported a sharp drop in earnings for its 2011 financial year on Thursday, mainly owing to strike- and safety-related stoppages impacting on production at the Zondereinde mine in Limpopo. Earnings were down 46%...

Platmin says ramp-up continues

Platinum-group-metals miner Platmin continues to increase production from its Pilanesberg mine in South Africa, but now expects output this year will be between 60 000 and 65 000 oz, the firm said on Monday. Platmin indicated in August it was...

NORTHAM SALES UP

The revenue from the metal sales of JSE-listed Northam Platinum rose 7,7%, to R1,7-billion, in the six months to December 31, on the back of an increase of 33% in sales volumes, Northam CEO Glyn Lewis, seen seated next to Northam chairperson...

Jubilee to make firm offer for Braemore

JSE-listed platinum junior Jubilee on Friday announced its firm intention to make an offer for Braemore Resources. Jubilee said it would acquire all Braemore shares through an all-equity transaction, which would see the issue of one new Jubilee...

Norilsk posts loss, tweaks '09 production outlook

The world's number-one nickel and palladium miner, Norilsk Nickel, on Monday reported a net loss of $555-million for the 12 months ended December 31. A year earlier, Norilsk earned $5,3-billion, but was hit last year by lower prices for its...

Lonmin’s Q2 platinum sales up 30%, sticks to 700 000oz target for 2009

Platinum producer Lonmin maintained its sales guidance of 700 000 oz for its 2009 financial year, reporting on Thursday that sales in the first half were around 45% of the full-year target and ahead of its initial expectations for the period. The...

Zimplats narrows quarterly loss, lifts output

Despite incurring an operating loss of $11,6-million for the quarter ended December 31, 2008, Zimbabwean platinum-miner Zimplats had significantly improved its production, metal sales and revenues, compared with the previous quarter. Its...