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Department of Mineral Resources entering the fray to stop mining companies from closing mines

By: Martin Creamer     10th August 2018 The new Department of Minerals Resources (DMR) is showing a strong tendency to resist companies that apply to shut mines or put mine shafts on care and maintenance. The DMR is advocating applying Section 52 of the Minerals and Petroleum Resources Development Act ahead of the labour-reducing... 

AMCU threatens strike action at Implats over planned job cuts

By: Anine Kilian     7th August 2018 The Association of Mineworkers and Construction Union (AMCU) has threatened industrial strike action at Impala Platinum (Implats) if talks with the company over its plans to cut 13 000 jobs and shut down five mines are not successful. Implats announced last week that it would cut its workforce by... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Trade unions to respond to wage offer in the gold sector

By: African News Agency      25th July 2018 Trade unions are expected to formally respond to wage offer tabled by gold producers when the third round of negotiations resume on Wednesday in Boksburg east of Johannesburg. Gold producers tabled an opening offer of a three-year wage proposal ranging from 5.5% and 6.5% for underground... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Perceptions mines are not doing enough for nearby communities fuelling protests

By: Nadine James     20th July 2018 In developed countries, community-based protest action (as opposed to industrial action) against mining companies is primarily related to environmental concerns. In South Africa, community-based protests against mining companies are rooted in socioeconomic issues, such as job creation, and... 

Highly anticipated Chicago Pneumatic generator give-away attracts visitors at Rustenburg MTE

19th July 2018 High-performance hand-held equipment specialist, Chicago Pneumatic, gave away the ninth CPPG5 generator at the Mining and Technical Exhibition (MTE) held in Rustenburg on 31 May 2018. According to Eben van der Vyver, the Business Development Manager for Chicago Pneumatic Construction Equipment in... 

Highly anticipated Chicago Pneumatic generator give-away attracts visitors at Rustenburg MTE

18th July 2018 High-performance hand-held equipment specialist, Chicago Pneumatic, gave away the ninth CPPG5 generator at the Mining and Technical Exhibition (MTE) held in Rustenburg on 31 May 2018. According to Eben van der Vyver, the Business Development Manager for Chicago Pneumatic Construction Equipment in... 

On-The-Air (06/07/2018) 

By: Martin Creamer     6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... 

Private security company allegedly opens fire on protesters, injuring eight in Marikana

By: News24Wire      26th June 2018 Eight people were shot and injured during a legal march, after a private security company fired rubber bullets at a group protesting outside Glencore mine in Marikana, North West on Tuesday morning. "While the march was busy, a private security firm fired shots at the protesters. One of the... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

African Sun Mining pursues opportunities at Junior Indaba

By: Donald Makhafola     25th May 2018 Owing to the current high prices of commodities, wholly black-owned, Pretoria-based opencast mining contractor African Sun Mining hopes to liaise with mining companies, which are prepared to start new projects, during this year’s Junior Indaba to be held from June 5 to 6 at the Johannesburg... 

Sibanye CEO confident of Lonmin takeover despite cash burn

By: Reuters     18th May 2018 Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's £285-million all-share bid to create the world's second largest platinum miner faces hurdles... 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Consolidation needed to save jobs – Lonmin 

By: Martin Creamer     14th May 2018 Ben Magara, the CEO of embattled mining company Lonmin, on Monday made an impassioned plea for authorities to approve the company’s consolidation plans with Sibanye-Stillwater as soon as possible, as these will generate R1.5-billion in synergies and save 20 000 vitally needed jobs. The 32... 

World's No. 2 platinum stock languishes on output, cost concerns

By: Bloomberg     10th May 2018 Bad news from South Africa’s platinum belt has pushed shares of the world’s No. 2 producer of the metal to the lowest since 1999. Impala Platinum Holdings has dropped 40% this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some... 

Implats reports 17% increase in tonnes milled in Q3, stock build-up remains

By: Marleny Arnoldi     26th April 2018 A stronger mining performance at Impala Platinum’s (Implats’) Impala Rustenburg and Marula operations resulted in a 17% year-on-year improvement in tonnes milled to 4.59-million tonnes for the third quarter ended March 31.  

Amplats raises R390m to fund Maseve, Styldrift I projects 

By: Marleny Arnoldi     25th April 2018 Anglo American Platinum (Amplats) has successfully placed about 17.3-million Royal Bafokeng Platinum (RBPlat) ordinary shares at R22.50 a share with qualifying investors, raising R390-million.  

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

Glencore releases all-embracing 117-page sustainability report

By: Martin Creamer     16th April 2018 One of the strategic priorities of diversified mining and marketing company Glencore is to invest in community initiatives that deliver sustainable socioeconomic benefits, the London- and Johannesburg-listed company states in today’s 117-page Sustainability Report 2017, which emphasises the... 

Merafe’s attributable ferrochrome production decreases 7% in Q1

By: Simone Liedtke     13th April 2018 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture, in Rustenburg, decreased by 7% year-on-year in the first quarter ended March 31. This decrease was as a result of downtime for additional maintenance requirements at the Lion and Rustenburg... 

Steve Phiri

By: Martin Creamer     13th April 2018 This week Mining Weekly features Steve Phiri, the CEO of the JSE-listed Royal Bafokeng Platinum since 2010, and VP of the Chamber of Mines of South Africa. 

PTM warns of liquidity constraints ahead of completion of stage two of Maseve transaction

By: Marleny Arnoldi     12th April 2018 Project developer Platinum Group Metals (PTM) has warned that its liquidity will be constrained until the second stage of the sale of its Maseve mine to Royal Bafokeng Platinum (RBPlat) is completed.  

First phase of PTM’s Maseve sales transaction completed

By: Simone Liedtke     6th April 2018 TSX-listed Platinum Group Metals (PTM) has completed the sale of its Maseve concentrator plant, near Rustenburg, in South Africa’s North West province, as well as the sale of certain surface rights to Royal Bafokeng Platinum (RBPlat). PTM and RBPlat in November 2017 executed definitive agreements... 

Mobile communication boosts work milieu in deep-level mines

By: Donald Makhafola     6th April 2018 With deep-level mineworkers exposed to hazardous environments on a daily basis, companies need to improve their communication and planning to reduce the number of fatalities in the industry, says employee engagement company Wyzetalk CEO Gys Kappers. "Enhancing stakeholders' engagement through... 

First phase at platinum mine project completed

6th April 2018 Project delivery and engineering consultancy company WorleyParsons RSA in December completed the first phase of platinum mining company Wesizwe Platinum's R10.7-billion Bakubung platinum mine project near Rustenburg in the North West. Wesizwe Platinum officially launched its flagship Bakubung... 

Mantashe calls for increased vigilance on health, safety

By: Marleny Arnoldi     28th March 2018 Mineral Resources Minister Gwede Mantashe has called for increased vigilance on health and safety in the mining sector, after three fatalities were reported this week.  

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Lonmin hands over New Marikana primary school to Basic Education dept

By: Marleny Arnoldi     23rd March 2018 Platinum group metals miner Lonmin on Friday handed the New Marikana primary school over to the North West Department of Education and Sport Development, in Rustenburg, and the Marikana community.  

Resources Watch  

15th March 2018 This week: Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts 

Anglo American Platinum and Yokogawa Forging a New Way Forward

7th March 2018 Mining Opportunities with new local business entity Yokogawa South Africa is proud to announce the signing of a distributor agreement with 3E Control and Instrumentation (3E C&I) to support local business development by the supply of their wide range of instrumentation products in the North West... 

Soaring Merafe goes into cashflow orbit, lifts dividend 151%

By: Martin Creamer     5th March 2018 Chrome and ferrochrome company Merafe delivered exceptional results for 2017, setting new production, revenue, earnings before interest tax depreciation and amortisation (Ebitda) and dividend records. Cashflow from operating activities rocketed 179% to R1 400-million, compared with R502-million... 

Implats harvests loss shafts, mulls more investment in profitable shafts 

By: Martin Creamer     1st March 2018 The 40 000-employee Impala Platinum Mine in Rustenburg, which is 'harvesting' unprofitable shafts while studying additional investment opportunities in the many profit-making shafts within its well-endowed, long-life lease area, has set in motion a process to cut costs by R1-billion. Harvesting,... 

Froneman calls for collective action towards zero harm in fatality-plagued mining business 

By: Martin Creamer     22nd February 2018 A strong call to action was made by Sibanye-Stillwater CEO Neal Froneman on Thursday for a common purpose towards zero harm in South Africa's mining industry, where rising fatality numbers are causing great concern. Froneman said a point had been reached where management on its own could not make... 

TFR transports record chrome volumes from mines to ports

By: Schalk Burger     14th February 2018 State-owned Transnet Freight Rail (TFR) has transported a record 5.77-million tons of chrome by rail from mines to the ports in the first 47 weeks of the current financial year. This exceeds the 5.75-million tons of chrome transported by rail in the prior financial year. 

Local PGMs industry at risk, but service provider optimistic 

By: Simone Liedtke     13th February 2018 South Africa – which accounts for about 80% of the global platinum-group metals (PGMs) reserve – is at risk of receiving less valuable foreign exchange, owing to ever-increasing mining costs and the uncertainty created by the socio-political strife on the local platinum belt, states South African... 

Chamber-mentored black emerging miner hits high spots in contest

By: Martin Creamer     7th February 2018 Chamber of Mines-mentored black emerging mining company Opal Mining on Wednesday hit the high spots on the investment battlefield stage at the Investing in African Mining Indaba. Opal, headed by group executive chairperson Paul Ranamane succeeded in reaching the semi-finals of a tough... 

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