RBPlat sees challenging year ahead

JSE-listed Royal Bafokeng Platinum (RBPlats) is expecting a “challenging” year ahead – both from a market and operational perspective. The platinum group metals (PGM) miner, which owns the Bafokeng Rasimone Platinum Mine (BRPM), would make...

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...

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...

Two Rivers shows much promise

In spite of the excitement surrounding the Harmony-Avmin deal, in a quiet corner of Mpumalanga, an Avmin project team, under the leadership of Mark Brasler, has been getting on with the business of taking Two Rivers from a project to being a mine.

Supplying mine's trackless machinery needs

Leading equipment supplier Sandvik Tamrock has held a multimillion rand service and maintenance contract with Avgold’s Target Mine since development work begun on the 203 level decline shaft in 1997.

Trackless breakthrough in mine's development

One of South Africa's newest gold-mines, Avgold's Target mine, is leading the pack in the development of new, mechanised mining methods.