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Amplats capitalising mechanised mines, may spend R100bn to 2024 

By: Martin Creamer Strike-hit Anglo American Platinum (Amplats) was capitalising its mechanised mines and might spend up to R100-billion on them plus Amandelbult in the next ten years, Amplats CEO Chris Griffith said on Monday. Speaking at the company’s announcement of highly acceptable financial results in the... 

Implats taking platinum recycler to US court

By: Martin Creamer South African miner Impala Platinum (Implats) has initiated court proceedings against a US recycler for $182-million, Implats CFO Brenda Berlin said on Thursday. The US company A-1 Specialised Services and Supplies Inc has been one of the world’s leading recyclers of autocatalyst materials... 

Implats wiping out mining’s fall-of-ground fatality scourge

By: Martin Creamer South Africa’s second-largest platinum-mining company, Impala Platinum (Implats), is eliminating what has for long been the scourge of South Africa’s underground mines – fall-of-ground fatalities. Impala Platinum CEO Terence Goodlace said at the company’s presentation of results on Thursday... 

Union branch leader condemns mine hostel system as ‘barbaric’

By: Martin Creamer A National Union of Mineworkers (NUM) leader, who chairs a branch in the hostile platinum belt where the tragic Marikana killings took place a year ago this week, has called for the eradication of South Africa’s mine-hostel system, which he condemns as “barbaric”. NUM branch chairperson Papi... 

Anglo American Platinum opts for low-fat Rustenburg diet to entrench new slimmed-down culture

By: Martin Creamer The world’s biggest platinum miner, determined to shed its fat-cat image of the past, has opted to live off low-grade Rustenburg leftovers rather than risk splurging out of capital on high-grade deep-shaft projects at a time when it says there is no incentive to spend capital. 

Eskom positioned to power Angloplat growth – CEO 

By: Martin Creamer State-owned power utility Eskom was positioned to meet the growth requirements of Anglo Platinum, Angloplat CEO Neville Nicolau said on Monday. After reporting 532% higher headline earnings of R2,6-billion for the half-year to June 30 and keeping growth capital expenditure (capex) at... 

Northam Platinum likely to go to market for R3bn Booysendal – CEO 

By: Martin Creamer JSE-listed platinum miner Northam was likely to go to the market to finance the proposed R3-billion 1 200-employee Booysendal platinum mine in Mpumalanga province, its CEO Glyn Lewis said on Tuesday. Lewis said in reply to mining analyst Nic Dinham that the timing of the expected equity raising... 

Implats withholding Zimbabwe project till govt ‘issues' resolved

By: Martin Creamer Platinum major Implats is withholding further expansionary investment in Zimbabwe until the Zimbabwe government resolves "outstanding issues" and clarifies its latest indigenisation statements. Among those "outstanding issues" is the Reserve Bank of Zimbabwe's holding without acknowledgement of... 

Underperforming Marula platinum mine may close – Implats

By: Martin Creamer The underperforming Marula platinum mine may be closed if it fails to return to operational profitability, Impala Platinum (Implats) CEO David Brown said on Thursday. Delivering 45% lower gross Implats profits of R9,8-billion, Brown said that the year ahead remained challenging for Marula,... 

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