Resources Watch

This week: Coal miner Exxaro will submit five renewable energy bids. Pan African Resources reports record earnings. And, South Africa should be extremely concerned about Implats’ strike, says Northam.

Booysendal platinum project, South Africa

Northam Platinum has reported that steady progress has been made at the Booysendal mine.

Northam Platinum CEO adds his voice to ending platinum’s agony

One mining company commenting on another’s strife is a rare if not unprecedented occurrence. But such is the agony and fear running through the ranks of Southern Africa’s beleaguered platinum industry that the country as a whole needs to be...

Strike punishing platinum, value sharing proposal, junior miner incentive

The plight of South Africa’s platinum-mining industry is far more crucial than most South Africans seem to acknowledge;Anglo American Platinum's Vishnu Pillay puts forward a proposal of value sharing;Finance Minister Pravin Gordhan keeps support...

Country should be extremely concerned about Implats’ strike – Northam

South Africa should be extremely concerned about the strike at Implats, Northam Platinum CEO Glyn Lewis said at the weekend. Lewis was speaking in response to a question from the media on the potential of the strike spreading from Implats to...

Northam predicts significant increase in earnings

Black-owned platinum miner Northam Platinum said on Friday that the group’s earnings and headline earnings a share for the six months to the end of December were estimated to increase by between 136% and 156%. The higher earnings reflect the...

Researcher ‘cautiously optimistic’ about future PGM labour relations

Recent wage agreements between chief South African platinum producers and collective bargaining agent the National Union of Mineworkers (NUM) have provided some cause for cautious optimism regarding future labour relations, asserts research firm...

Chartwell assists in roll-out of home ownership programme at Northam

Financial services and entrepreneurial company Chartwell Group, which specialises in housing finance solutions for the mining industry, besides others, reports it has assisted in the roll out of a multimillion-rand employee home ownership...

Northam seeks talks with NUM over days of mourning

JSE-listed platinum miner Northam Platinum said on Thursday it had written an appeal to the National Union of Mineworkers (NUM) to engage with it in discussions regarding the deployment of key employees during days of mourning. The NUM declared a...

Pilanesberg platinum mine, South Africa

The Pilanesberg platinum mine extends over an area of about 5 450 ha on the Tuschenkomst, Ruighoek, Witkleifontein and Rooderand properties.

Platinum investor Afripalm receives R1,3bn boost

Black-owned platinum investor Afripalm Resources has received R1,3-billion in refinancing from Nedbank Capital and Anglo Platinum. Headed by chairperson Lazarus Zim, Afripalm has a 21% stake in JSE-listed Mvelaphanda Resources.

Jubilee expects to be cash flow positive by year-end

Mining exploration and development company Jubilee Platinum said on Monday that it expected to be cash-flow positive by the end of the year. Jubilee reported a loss of £2,2-million after taxation for the year ended June 30, 2010, compared with a...