Cost-effective plants for 
platinum mines

International engineering company AMEC Minproc is able to design small to medium-sized, fit-for-purpose and cost-effective process plants which are particularly applicable to projects with a limited life of mine and financial capital, says AMEC...

Drive manufacturer plans to extend industrial gear range

Drive engineering company SEW Eurodrive South Africa plans to extend local assembly of the X-series range of industrial gear units up to 700 kN/m from the beginning of 2010. This will be especially useful to the mining industry, says SEW Eurodrive...

Mwana appoints Donald McAlister as FD

London-listed resources company Mwana Africa has appointed Donald McAlister, the former finance chief of Ridge Mining, as its finance director (FD) from October 1. Before joining Ridge Mining, which was recently acquired by Aquarius Platinum,...

Aquarius earmarks R250m to reopen Everest mine

Mid-tier platinum-miner Aquarius would spend R250-million to prepare for reopening of its Everest mine, in South Africa, which was closed in December, the company reported on Tuesday. In the first phase, Everest would spend R77-million to do a...

Minerals operations company ramps up 
new projects

Minerals operations executive company Minopex is currently ramping up three new projects, says Minopex MD Paul Thomson.



Ridge shareholders to meet on Aquarius transaction early July

The shareholders of UK platinum company Ridge Mining will vote on an all-share offer from Aquarius Platinum at a meeting on July 6. Aquarius stated that it had received irrevocable undertakings to vote in favour of the transaction from...

SA’s Competition Tribunal approves Aquarius/Ridge merger

South Africa’s Competition Tribunal has unconditionally approved the merger between platinum miners Aquarius Platinum and Ridge Mining. Aquarius would now acquire the entire issued share capital of Ridge, in exchange for shares. The exchange...

SA competition body recommends approval of Ridge-Aquarius deal

South Africa’s Competition Commission on Monday recommended that the Tribunal approve the merger between mid-tier miner Aquarius Platinum and platinum junior Ridge Mining. Aquarius plans to acquire the entire issued share capital of Ridge, in...

Ridge shareholder Zijin to vote in favour of Aquarius deal

Midtier platinum-miner Aquarius Platinum has received an irrevocable undertaking by another shareholder of its takeover target Ridge Mining to vote in favour of the proposed acquisition. In February, Aquarius had announced its intention to...

Aquarius outlines R650m capital raising plan

Midtier platinum-miner Aquarius Platinum provided details on Tuesday of its proposal to issue, place privately and list up to R650-million senior secured convertible bonds to help fund its proposed purchase of Ridge Mining. Allocation of the...

Capital raising back for reviving platinum, AngloGold pays Pamodzi Orkney wages, commercial gold from under Golden City

Midtier platinum-miner Aquarius Platinum plans to raise between $233-million and $249-million through an equity capital raising and a convertible bond issue to help fund its proposed acquisition of Ridge Mining.

Aquarius inks implementation deal with takeover target Ridge

Midtier platinum-miner Aquarius Platinum and its takeover target Ridge Mining on Friday announced in a joint statement to shareholders that they had signed an implementation agreement, following which Aquarius would make an all-share offer for...