IFM Q3 output down by 6%

Ferrochrome producer International Ferro Metals (IFM) on Tuesday reported that production for the third quarter ended March, was down by 6%, to 54 394 t, compared with the previous quarter. IFM CEO David Kovarsky told journalists on Tuesday that...

Supply constraint readies Wesizwe’s platinum project for renewed revving

JSE-listed platinum junior Wesizwe Platinum – which has been mulling sell, defer and self-fund scenarios for its Frischgewaagd-Ledig platinum mine project on the western limb of the Bushveld Complex – is now firmly convinced that the company...

Wesizwe Platinum wants to build new mine now to ‘catch recovery'

The management of JSE-listed Wesizwe Platinum is turning its back on its former sell, defer and self-fund options for the promising Frischgewaagd-Ledig platinum mine project and is instead recommending the finding of a local or foreign strategic...

IFM inks chromite deal with Angloplat

London-listed International Ferro Metals (IFM) has entered into an R150-million agreement with Anglo Platinum subsidiary Rustenburg Platinum Mines (RPM) for the supply of chromite to feed its two furnaces in South Africa for the next decade. IFM...

Anooraq says Lebowa deal conditions to be met by month-end

Platinum junior Anooraq Resources announced on Wednesday that the last remaining conditions precedent of its acquisition of a 51% stake in the Lebowa platinum mine from platinum major Anglo Platinum (AngloPlat), would be fulfilled or waived by the...

Hearings next week on platinum merger

The Competition Tribunal will hold hearings on Wednesday into the proposed merger between midtier platinum-miner Aquarius Platinum, the Rustenburg Platinum Mines and First Platinum. Aquarius was proposing to implement the merger in two phases,...

New platinum mining project opens doors for community upliftment

The king of Africa's richest indigenous tribe, the Royal Bafokeng Nation (RBN) Kgosi Leruo Molotlegi, said he is pleased with the employment opportunities and other economic benefits catalysed by the newly started Styldrift platinum mining...

PTM expands platinum project scope

TSX-listed Platinum Group Metals (PTM) on Monday announced that the scope of the Western Bushveld joint venture (WBJV) of a 50% interest had been expanded with the adjacent 494 hectare portion 11 of the Frischgewaagd 96 JQ farm by Rustenburg...

AngloPlat says Richmond dam is still required despite De Hoop approval

Mining company Anglo Platinum is continuing with its plans to build the Richmond dam, in the Limpopo province.

Elandsfontein study confirms 'robust economics, solid cashflows'

Fast-moving platinum development company Eland Platinum announced late on Thursday that the bankable feasibility study (BFS) on its 65%-held Elandsfontein mine, near Brits, showed that the project boasted “robust economics”, and would...

Eland to report reduced loss for half-year

South African junior platinum miner Eland Platinum, which listed on the main board of the JSE in March, said that it expected to report a headline loss of between 24c a share and 27c a share for the six months to June 30, 2006.

Anglo Platinum did not oppose claim, sanguine about mining prospects

The Land Claims Court