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Amplats, Northam deal boosts Zondereinde mine life

By: Martin Creamer     11th October 2016 A three-part transaction was announced on Tuesday when Northam Platinum and Anglo American Platinum (Amplats) each outlined a mix and match deal that involves R1-billion in cash for a large platinum mining resource area on the western limb of the Bushveld Complex, the exchange of surface rights... 

Northam secures new R1.5bn revolving credit facility

     5th August 2016 JSE-listed Northam Platinum has secured a new R1.5-billion five-year revolving credit facility to replace its existing R1-billion revolving credit facility which matures in November. The new facility strengthens Northam’s balance sheet in support of its key strategic initiatives, including the... 

Platinum council backs Japan’s ‘Fruit of Platinum’ sweet spot

By: Martin Creamer     7th July 2016 Following May’s move to boost platinum bar and coin availability globally, the World Platinum Investment Council (WPIC) on Thursday threw its promotional weight behind investors in Japan’s flourishing ‘Fruit of Platinum’ exchange traded fund (ETF). The tie-up is the latest in a series of... 

Zondereinde losing R13m a day, will do ‘utmost’ to protect employees

By: Ilan Solomons     9th June 2016 Northam Platinum’s Zondereinde platinum mine, in Limpopo, has not suffered direct damage to any property owing to the current unrest at the mine, however, the loss of production has been about R13-million a day. Nevertheless, Northam said it would do its “utmost” to ensure the safety of its... 

AMCU speaks out on union dispute at Zondereinde

By: David Oliveira     9th June 2016 Association of Mineworkers and Construction Union (AMCU) has claimed that mine security and South African Police Service (SAPS) personnel had escorted armed members of the National Union of Mineworkers (NUM) at the Zondereinde platinum mine, in Limpopo, on Monday, and that this resulted in the... 

New deal places platinum bars, coins within reach

By: Martin Creamer     11th May 2016 The World Platinum Investment Council (WPIC) and Valcambi on Wednesday announced a partnership to increase the availability of platinum bar and coin products for the global retail market, marking the latest in a series of new strategic initiatives by the world platinum body to stimulate further... 

Northam reports half-year loss, passes dividend

By: Martin Creamer     26th February 2016 Platinum-mining company Northam on Friday reported a half-year loss and again resolved not to declare an interim dividend, owing to continuing difficult conditions in the mining industry and the cash requirements for the development of its assets. The loss of R273-million in the six months to... 

Northam to expand smelting facilities

By: Anine Kilian     24th February 2016 JOHANNESBURG (miningweekly.com) -JSE-listed Northam Platinum is expanding its smelting facilities in Thabazimbi, South Africa to support its planned growth in platinum group metals (PGM) production using technology from high-capacity furnace and smelting plant company Tenova Pyromet. The miner... 

Northam’s Everest mine acquisition concluded

     1st October 2015 The Department of Mineral Resources has given its consent for the transfer of the Everest mining right from Aquarius Platinum to Northam Platinum. Northam in February announced that it would acquire the Everest mine from Aquarius in a R450-million deal, with the first R400-million tranche for the... 

Northam offers BEE shares as part of R6.6bn deal 

By: Natalie Greve     10th April 2015 Northam will proceed with the implementation of a share offer as part of a landmark R6.6-billion black economic-empowerment (BEE) transaction approved by shareholders last month. The deal would, in conjunction with a previously concluded equity raising of R4.6-billion, take ownership levels in... 

Northam Platinum halts production at ‘tense’ Zondereinde

By: Natalie Greve     16th January 2015 Northam Platinum has suspended operations at its strike-hit Zondereinde mine, in Limpopo, in a bid to “secure the safety and security of employees and company assets”, the company said on Friday. “This decision has been taken amidst rising tension at the mine, owing to incidents of intimidation,... 

Capital-raise puts novel underpin on Northam Platinum’s funded R6.6bn BEE deal

By: Martin Creamer     22nd October 2014 Platinum mining company Northam on Wednesday concluded a fully funded ten-year R6.6-billion black economic-empowerment (BEE) equity transaction underpinned by a R4.6-billion capital raising, which has the potential to position the JSE-listed company as a fully integrated, fully empowered South... 

Strike-hit Northam Platinum slumps to first operating loss since 1998

By: Martin Creamer     21st February 2014 JSE-listed platinum mining company Northam has recorded its first operating loss since 1998 after its Zondereinde mine was hit by an 11-week strike. The traditionally solid performer, headed by retiring CEO Glyn Lewis, slumped to a total comprehensive loss of R92.7-million for the six months to... 

Strike ends as NUM, Northam ink two-year wage deal

By: Natalie Greve     21st January 2014 Following the acceptance of a Northam Platinum wage offer by the National Union of Mineworkers (NUM) members on Friday, and the subsequent “cleaning up” of the agreement on Monday, the two parties on Tuesday signed a two-year wage deal that ended an almost three-month wage deadlock. The NUM... 

NUM accepts Northam wage offer

By: Leandi Kolver     17th January 2014 The National Union of Mineworkers (NUM) on Friday accepted Northam Platinum’s revised wage offer, ending the 11-week strike at the platinum company’s Zondereinde mine, in Limpopo. The company’s two-year offer comprised a 9.5% wage increase for core, and a 8.5% increase for noncore catergory 2 to... 

Implats says AMCU wage talks to resume in 2014

By: Reuters     12th December 2013 South Africa's Impala Platinum (Implats), the world's second largest producer of the precious metal, said wage talks with the Association of Mineworkers and Construction Union (AMCU) remained deadlocked after the two sides met on Thursday, and negotiations would resume in 2014. Company spokesman... 

SA electro-hydraulic actuators used in Africa

By: Ilan Solomons     15th November 2013 Since mid-2012, pneumatic and hydraulic equipment supplier Ernest Lowe has been providing a substantial number of its electro-hydraulic actuator (EHA) systems for numerous African mining projects in Namibia, Zimbabwe and Sierre Leone, reports design and project engineer Adam Brown. In June 2011,... 

Afrox receives R70m order for safety product

By: Zandile Mavuso     5th April 2013 Gases and welding products manufacturer Afrox Self-Rescue Division has secured an order to deliver 26 500 units of AfroxPac 35i self-contained self-rescuers and accessories in a deal valued at R70-million, which will be supplied over the next five months. 

PIC increases shareholding in Northam to 18.9%

By: Natasha Odendaal     5th September 2012 JSE-listed Northam Platinum reported on Wednesday that the Public Investment Corporation (PIC) has increased its shareholding in the company to 18.9%. The platinum producer also announced that black economic-empowerment (BEE) investor Afripalm Resources subsidiary Newshelf sold its 37.2-million... 

Is decentralised bargaining roiling platinum industry?

By: Martin Creamer     31st August 2012 During the apartheid era, black labour was more homogenous and unified. In the last 18 years, however, it has seen de-homogenisation and many new challenges to worker unity and thus probably need to adjust to facilitate more voices from organised labour. 

Aquarius places another platinum mine on care and maintenance

By: Natasha Odendaal     21st June 2012 Johannesburg- and London-listed Aquarius Platinum has placed its Everest mine, in Mpumalanga, on care and maintenance, as ramp-up challenges and the low platinum-group metals (PGMs) price environment render the mine uneconomic. The company, which now had three of its seven operations under care... 

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