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Platmin ‘moves into delivery mode’

By: Natasha Odendaal Platinum junior Platmin has “moved into delivery mode during 2012” as the company completed the acquisition of Sedibelo West and reported record first-quarter platinum sales, said CEO Tom Dale on Monday. The company, which delisted from the Toronto and Johannesburg stock exchanges in December,... 

Illegal strike brings Platmin’s Pilanesberg mine to a halt

By: Loni Prinsloo Platinum group metals miner Platmin has suspended mining operations at its Pilanesberg mine in South Africa after workers from mining contractor MCC Contracts embarked on an illegal strike on Thursday. The striking employees intimidated supervisors and damaged equipment and property at the mine.  

Barrick to defend Sedibelo court action in South Africa

By: Chanel de Bruyn Canadian miner Barrick Gold would defend the court action instituted against it and platinum-group metals (PGMs) miner Platmin over the sale of Barrick’s 10% stake in the Sedibelo mine, on the Western Limb of South Africa’s Bushveld Complex. In April, Barrick announced that it would sell its... 

Arne Frandsen

By: Martin Creamer Position: CEO, Pallinghurst Resources, since 2006; partner, Pallinghurst group; director of Platmin, Boynton Platinum and Faberge Main activity of the company: Mining Date and place of birth: December 22, 1966, Denmark 

Platmin posts $6,6m profit, says SA project’s costs rise

By: Chanel de Bruyn Emerging platinum-miner Platmin swung to a net profit of $6,6-million in the second quarter of the 2010 financial year owing to higher foreign exchange gains as a result of the strengthening of the rand against other foreign currencies. The TSX-, Aim- and JSE-listed company had posted a... 

Platinum-miner’s Pilanesberg mine ramps up  

By: Jacqueline Holman The metallurgical processing plants at platinum miner Platmin’s new Pilanesberg platinum operation have been commissioned and the mine is currently in a planned ramp-up phase, says Platmin CEO Ian Watson. 

Platmin secures R400m commodity financing facility

By: Chanel de Bruyn Midtier platinum-miner Platmin has secured a twelve-month R400-million renewable revolving commodity finance facility from Investec Bank. The TSX-, Aim- and JSE-listed company said in a statement last week that the $51,4-million facility would be used for loan repayment and working capital... 

Platmin secures R400m commodity financing facility

By: Chanel de Bruyn Midtier platinum-miner Platmin has secured a twelve-month R400-million renewable revolving commodity finance facility from Investec Bank. The TSX-, Aim- and JSE-listed company said in a statement on Tuesday that the $51,4-million facility would be used for loan repayment and working capital... 

Pilanesberg platinum-group metals (PGM) project

The project comprises 25 portions of eight farms, with a total surface area of 14 511 ha. The project has measured and indicated resources of 3,9-million ounces at 4,3 g/t, and inferred resources of 5,9-million ounces at 4,5 g/t. 

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