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AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council 

By: Marleny Arnoldi     22nd February 2019 The Minerals Council South Africa on Friday expressed its concern about the consequences of Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far,... 

On-The-Air (22/02/2019) 

By: Martin Creamer     22nd February 2019 The global mining world this week turned firmly against the building of dangerous slimes dams following the death of 170 people in Brazil. The world’s biggest coal supplier this week bowed to the science of climate change by putting the brakes on increased coal production. South Africa’s biggest... 

Northam lifts H1 earnings, Booysendal on track for FY22 steady-state production  

By: Marleny Arnoldi     22nd February 2019 JSE-listed Northam Platinum has reported normalised earnings a share of 108.5c for the six months ended December 31, 2018, compared with the 37.1c reported for the six months ended December 31, 2017. This was on the back of normalised headline earnings having increased by 192% to R553-million,... 

Cogeneration projects a viable option for mines

By: Khutso Maphatsoe     22nd February 2019 Having completed a cogeneration project with diversified miner Anglo American Platinum (Amplats), energy solutions provider Vuselela Energy director Jacques Malan says the company looks forward to working on similar projects for more mining companies. Cogeneration, in the context of the South... 

UG2 outperforms as Sibanye positions for new world ­  

By: Martin Creamer     21st February 2019 The soaring prices of rhodium and palladium have put new focus on the upper group two (UG2) reef, for long the poor cousin of Merensky reef in the hierarchy of platinum group metals (PGMs) mining. Merensky's predominant platinum content has made it the preferred reef for decades but UG2 is... 

Productivity improvements, higher prices lift Anglo American’s FY18 Ebitda to $9.2bn 

By: Marleny Arnoldi     21st February 2019 Continued productivity improvements in underlying operations and better-than-expected prices have contributed to global diversified miner Anglo American’s 4% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to $9.2-billion for 2018. CE Mark... 

Sibanye-Stillwater raises 2018 expected loss to R2.5bn

By: Reuters     20th February 2019 Sibanye-Stillwater said on Wednesday it expects its full-year attributable loss to be over $100-million larger than the guidance given in a trading statement last week, following a review of tax changes in the US. The gold and platinum miner's shares fell into negative territory on the news that... 

Palladium bursts above $1 500 as shortages ignite record rally

By: Bloomberg     20th February 2019 Palladium powered above $1 500 to hit a record, extending a powerful rally driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. Spot palladium rose as much as 1.7% to $1 505.46/oz, and was at $1 501.89 at 11:38 a.m.... 

AMCU calls on all members to strike in support of Sibanye gold employees

By: Tasneem Bulbulia     19th February 2019 The Association of Mineworkers and Construction Union (AMCU) has called on its members at Sibanye-Stillwater’s platinum operations to again embark on a strike in support of those AMCU members who have been on strike at the miner’s gold operations since November 2018. It has further encouraged its... 

Mining Indaba Companies Panic about Mining Charter Implementation deadline and compliance with the NEMA Financial Provision Regulations

19th February 2019 The Mining Charter 2018 was a hot topic at the recently held Mining Indaba in Cape Town. With the proposed changes to BEE requirements which prescribes how mining companies are required to involve communities and women in their management and ownership structures, many companies are panicking. 

Platreef weighted basket price reaches three-year high – Ivanhoe

By: Nadine James     19th February 2019 Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the Platreef palladium/platinum/rhodium/nickel/copper/gold project has risen to a new, three-year high.... 

Implats announces revised interim HEPS, EPS figures

By: Simone Liedtke     18th February 2019 Following the release of a trading statement earlier this month, Impala Platinum (Implats) on Monday said that it “now has reasonable certainty” that its headline earnings and headline earnings per share (HEPS) for the six-month period ended December 31, 2018, are likely to be between... 

Sylvania on track to meet revised FY19 production guidance

By: Simone Liedtke     18th February 2019 Sylvania Platinum CEO Terry McConnachie remains confident that Sylvania will achieve its revised production guidance of between 73 000 oz and 76 000 oz for the full 2019 financial year. The company’s Sylvania Dump Operations (SDO) had achieved only a marginal increase in production to 34 045 oz... 

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

Anglo American Platinum appoints Craig Miller as Finance Director

18th February 2019 Anglo American Platinum Limited (“Anglo American Platinum”) announces the appointment of Craig Miller as Finance Director, following Ian Botha’s resignation, as announced in September 2018. Craig will join Anglo American Platinum and its Executive Committee as Finance Director on 1 April 2019.... 

Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

By: Paige Müller     15th February 2019 Amid slow progress in realising South Africa’s mineral beneficiation strategy – as set out in the Department of Mineral Resources (DMR) 2011 policy document – mining industry participants, analysts and experts are re-evaluating the feasibility of mineral beneficiation as a growth trajectory path.... 

Constant improvement crucial for the mining industry

By: Jessica Oosthuizen     15th February 2019 Industry organisation the Prospectors & Developers Association of Canada’s (PDAC’s) is to hold its annual convention in Toronto, Canada from March 3 to 6, and PDAC president Glenn Mullan says the convention must constantly improve to benefit people in the industry. “Staying relevant is... 

Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

By: Paige Müller     15th February 2019 Amid slow progress in realising South Africa’s mineral beneficiation strategy – as set out in the Department of Mineral Resources (DMR) 2011 policy document – mining industry participants, analysts and experts are re-evaluating the feasibility of mineral beneficiation as a growth trajectory path.... 

Companies at Mining Indaba panic about 1 March 2019 deadline for Mining Charter implementation and compliance with the NEMA Financial Provision Regulations, says Alusani® Course Leader

By: Creamer Media Reporter      14th February 2019 Mining Charter The Mining Charter 2018 was a hot topic at the recently held Mining Indaba in Cape Town. With the proposed changes to BEE requirements which prescribes how mining companies are required to involve communities and women in their management and ownership structures, many companies... 

Gold, operational costs drag down South Africa’s December mining production

By: Marleny Arnoldi     14th February 2019 South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday. In December, mining production decreased by 4.8% year-on-year, with the... 

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

By: Reuters     14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

Palladium supply shortfall will worsen this year – Johnson Matthey

By: Reuters     13th February 2019 A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly... 

Sibanye considers closing unprofitable shafts at gold mines 

By: Bloomberg     12th February 2019 Sibanye Gold is considering shutting unprofitable shafts and cutting jobs at its South African gold mines amid a three-month-old wage strike that’s curbing output. The nation’s largest gold producer has talked with some labor unions about a potential restructuring, which could lead to job cuts,... 

HCI increases PTM shareholding to 19.89%

By: Simone Liedtke     11th February 2019 Hosken Consolidated Investments (HCI) has acquired, through a private placement undertaken by its subsidiary Deepkloof, over two-million common shares in TSX-listed Platinum Group Metals (PTM) at $1.33 a share, for a total consideration of $2.8-million. This acquisition brings HCI’s total... 

First chrome concentrate shipped from Eastplats subsidiary’s retreatment facility

By: Tasneem Bulbulia     11th February 2019 Dual-listed Eastern Platinum’s (Eastplats’) Barplats Mines subsidiary has shipped the first 10 000 t of chrome concentrate from its newly built Zandfontein Upper Group 2 tailings chrome retreatment facility in South Africa’s North West province. The retreatment facility is being commissioned,... 

Lonmin’s Q1 results show improved liquidity despite relatively poor performance  

By: Nadine James     8th February 2019 Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is... 

RioZim halts output as central bank fails to make payments

By: Bloomberg     8th February 2019 RioZim halted production at its three gold mines after Zimbabwe’s central bank failed to provide foreign currency the company needs to keep operating. The shutdown is the second by RioZim since October. It’s the latest indication of how businesses are struggling to keep going as a dearth of... 

Aury Africa aims for expansion into PGMs sector

By: Cameron Mackay     8th February 2019 Screening and vibrating equipment solutions and services provider Aury Africa is planning to expand its operations into the platinum group metals (PGMs) market this year with the introduction of radio-frequency identification (RFID) audit and inspection solutions. Aury Africa regards the local... 

Gra-Tech to add value in PGMs industry

By: Cameron Mackay     8th February 2019 Precious metals recovery company Gra-Tech is aiming to assist companies that are active in the platinum group metals (PGMs) industry, particularly mines and Nitric Acid plants, as it looks to expand into other emerging markets. “Industry has not realised the massive value contained in old and... 

Tharisa remains committed to Zim PGMs investment

By: Cameron Mackay     8th February 2019 Despite the turbulent political landscape in Zimbabwe currently, low-cost platinum group metals (PGMs) and chrome concentrate producer Tharisa Minerals remains fully committed to its Investment Project Framework Agreement with the Zimbabwe government. The agreement involves the establishment of a... 

Platinum odd one out in expected PGMs growth – analyst

By: Cameron Mackay     8th February 2019 Aside from the relative lag in demand and price for platinum, the other platinum group metals (PGMs) – osmium, iridium, ruthenium, rhodium and particularly palladium – are expected to develop a stronger presence in the markets after a strong 2018, says global precious metals mining company... 

Platinum-group metals need wider range of uses to ensure ongoing demand in wake of auto disruption

By: Martin Creamer     8th February 2019 Every day we read about electric vehicles taking over from conventional petrol and diesel vehicles. Even though the accuracy of many of these reports is challenged by those doing convincing calculations, at the end of the day, the automotive market is going to be disrupted in one way or another,... 

Rustenburg Mining & Industrial Expo

7th February 2019 M.I.S International provides a Mining & Industrial Exhibition that brings new products to market with resounding success.  

New graphite factory bolsters mining, foundry product offerings

By: Schalk Burger     7th February 2019 A new graphite facility, Graphite Freezeline Solutions, was opened last month on industrial engineering firm Thos Begbie’s manufacturing campus, in Middelburg. It will reduce the time to manufacture products that include graphite components, especially for the mining and foundry industry, says... 

Northam achieves record H1 operating profit, R5bn in revenue

By: Nadine James     7th February 2019 Northam, in an operational update released on Thursday, announced that it expects to report a record operating profit of R1-billion for the six months ended December 31, 2018. Its operating profit ballooned by 204.3% from the R338.8-million operating profit achieved in the six months to December... 

Minerals Council’s national platinum strategy targets real potential 

By: Martin Creamer     6th February 2019 Minerals Council South Africa on Wednesday launched a national platinum strategy, which aims at sustaining a million jobs and contributing R8.2-trillion to South Africa’s economy by 2050. Speaking at a media conference at Investing in African Mining Indaba on Wednesday, Minerals Council CEO Roger... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Tharisa starts trading on A2X

By: Marleny Arnoldi     6th February 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa on Wednesday started trading on A2X Markets. This is the company’s secondary listing in South Africa, with its primary listing on the JSE. Its LSE listing also remains.  

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