Prototype fuel cell locomotive being tested at Rustenburg mine

Anglo American Platinum (Amplats) last week launched the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa. The first locomotive would be surface tested over the next few months at the...

Amplats testing fuel cell-powered loco at Rustenburg mine

Anglo American Platinum (Amplats) on Wednesday launched the first of five fuel cell-powered locomotive prototypes to be tested at its mining operations in South Africa. The first locomotive would be surface tested over the next few months at the...

Company Announcement: Anglo American Platinum Limited pioneers fuel cell technology in underground mining

Demonstrating its commitment to the mitigation of climate change and sustainable mining, Anglo American Platinum Limited (Anglo American Platinum) today launched a platinum-based fuel cell powered mine locomotive prototype.

SA’s pressured platinum industry affects valve sales

Valve manufacturing and supply company Dynamic Fluid Control (DFC) says the struggling platinum industry in South Africa has led to a lack of sales in mining valves.

Government stoppages put platinum under Anglo spotlight

What can a chief executive do if his mine is shut down by the force of the law? Anglo American Platinum (Amplats) CEO Neville Nicolau has become a victim of circumstances. Amplats is under the spotlight even thought he did very well in the...

Southern African platinum miners on the wrack as perfect storm hits

Southern African platinum mining companies find themselves on the wrack, not only because of their dependence on a faltering Europe, but hit by a confluence of events that are drastically aggravating the situation. It is the perfect storm of South...

Platinum miners loath to take lead on output cuts

Profit prospects are poor for South Africa's platinum miners as they collectively hold back from making the deep production cuts necessary to reduce a market surplus and force higher prices. They have felt some respite this year from the...

Resources Watch

This week: Government-enforced stoppages deny Amplats 109 000 nonfatal ounces. DRDGold looks forward to being a ‘gold factory’. And, expected strong fundamentals augur well for Rockwell Diamonds’ future growth.

Platinum industry needs $1 900/oz – Amplats

A platinum price of more than $1 900/oz was required to provide producers with the incentive to invest the substantial capital required to maintain long-term production, Anglo American Platinum (Amplats) CEO Neville Nicolau said on Monday.

Company Announcement: Anglo American Platinum Limited posts a 10% increase in operating profit

Anglo American Platinum Limited (Anglo American Platinum) reported an operating profit of R7.97 billion for the year ended 31 December 2011, a 10% increase. Operating free cash flow increased by 21%, to R9.41 billion. Headline earnings per...

Amplats hangs tough as safety stoppages lift costs

Dividend-lifting JSE-listed Anglo American Platinum (Amplats) was showing signs of hanging tough despite safety stoppages hitting operating costs. There were 81 safety stoppages, compared with 36 in 2010. Twelve employees were killed in the period.

Company Announcement: Amplats and Anooraq Resources Corporation announce the refinancing of Anooraq and the restructuring and recapitalisation of Bokoni

Attention is drawn to the joint announcement dated February 2, 2012 in which Anglo American Platinum Limited (“Amplats”) and Anooraq Resources Corporation (“Anooraq”) (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) (collectively, “the Parties”)...