Company Announcement: Whittle Consulting (Africa) reports successful completion of Enterprise Optimisation study for Anglo Platinum’s Mogalakwena operation

Attached please find a press release on: Steve Burks, Managing Director of Whittle Consulting (Africa) is pleased to announce the completion of an extensive Enterprise Optimisation study of Anglo Platinum’s Mogalakwena platinum group metal (PGM)...

Aquarius boosts Q4 output 3%, but SA volumes fell short

he world’s fourth-largest platinum miner Aquarius Platinum increased its attributable production by 3% year-on-year to 114 260 platinum group metal (PGM) ounces, but CEO Stuart Murray said on Tuesday volumes from South African operations fell...

Sylvania to sell iron-ore assets to focus on platinum production target

Low-cost platinum-group metal (PGM) producer Sylvania Platinum said on Friday it would divest its iron assets, on the northern limb of the Bushveld Complex, to enable the company to focus on reaching its 60 000-oz/y PGM target by June next year....

Company Announcement: Acquisition of mineral rights

Attached please find a press release on: Aquarius Platinum Limited (“Aquarius” or the “Company”) is pleased to announce the acquisition of platinum group metal (“PGM”) mineral rights by way of the purchase of Afarak Platinum...

RBPlat approves R1,27bn BRPM project

Newly listed black economic empowerment platinum miner Royal Bafokeng Platinum (RBPlat) confirmed on Monday that its board had approved the R1,27-billion North Shaft Merensky Phase III project at the Bafokeng Rasimone Platinum Mine (BRPM), in...

SA mining output contraction eases

South Africa’s mining production fell by 1,6% in November – the slowest pace of contraction since May, official data from Statistics South Africa (Stats SA) showed on Thursday. However, the country’s mining production grew by 2,4% when...

Nkwe raises A$11m to pay for IGC’s stake in SA project

ASX-listed Nkwe Platinum, which owns projects in South Africa, on Friday reported that it had successfully completed a A$11-million capital raising. The capital raising was done at A$0,375 a share, with a free attaching option for every two...

Lonmin shares rise as worst seems over for platinum miner

The shares of Lonmin rose 7% in Johannesburg and London as the market perceived the worst to be over for the right-sizing platinum miner, whose promised actions were largely on track. "We announced 700 000 oz and produced 683 000 oz. We were a...

Lonmin revenues slump 50%, no dividend for second year

Platinum miner Lonmin's revenue slumped 50%-plus in the year to September 30 and the company decided not to declare a final dividend for the second year in a row. The flagship Marikana platinum mine in Rustenburg came in 2% below guidance....

Sylvania’s September quarter PGM output up 36%

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558...

Nkwe raises A$7,5m for bankable study on SA platinum project

South Africa-focused platinum explorer Nkwe Platinum has successfully raised A$7,5-million through a share sale to institutional and sophisticated investors. The funds raised would be used to expedite the bankable feasibility study with...

Aquarius Q4 attributable output rises 1%

JSE-, ASX- and Aim-listed Aquarius Platinum on Friday reported a 1% increase in attributable production of 98 258 platinum group metal (PGM) ounces for the fourth quarter. “The final quarter of the year has been a busy one. Operationally our...