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Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     Updated 2 hours 46 minutes ago Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

AngloGold free cash soaring

By: Martin Creamer     14th November 2016 The generation of free cash by gold mining company AngloGold Ashanti is soaring. Free cash flow of $161-million in the third quarter is 54% higher than the free cash flow generated in the six months to June 30. 

Patented mining technology to be released month-end

By: Aarifah Nosarka     28th October 2016 Local ultra-low-profile mining machinery and equipment supplier CMTI Consulting expects to release its patented MT100, MT1000 and automated brake tester technologies for mines by the end of this month. The technology, developed by CMTI Consulting, in Pretoria, comprises 70% local content and is... 

Sibanye's earnings skyrocketing 

By: Martin Creamer     27th October 2016 Precious-metals mining company Sibanye Gold has given notice of skyrocketing earnings. The company, headed by CEO Neal Froneman, told shareholders on Thursday that its 2016 headline earnings a share would be at least 330% higher and normalised earnings at least 200% higher than in 2015. 

Engendering trust among mining sector stakeholders essential for economic growth and employment

By: Martin Creamer     14th October 2016 Sibanye Gold CEO Neal Froneman delivered a bombshell speech at the Joburg Indaba, which would change the face of economic prospects on the African content with mining as the catalyst 

Select PPE

     7th October 2016 Established in 1998, Select PPE is a distributor of application-specific personal protective equipment for customers operating in the mining, manufacturing, agriculture, construction, petroleum, hospitality, medical, corporate and security sectors throughout Africa. Select PPE formulated a ‘PPE... 

Facilitating stakeholder engagement to drive industry growth

By: Aarifah Nosarka     23rd September 2016 Trying to address all the problems the African mining industry faces in two days is a challenge, says Joburg Indaba chairperson Bernard Swanepoel, but he believes that the annual Joburg Indaba mining conference has this “down to a fine art”. A major challenge, however, is ensuring the... 

Gold miners granted leave to appeal High Court ruling

By: Megan van Wyngaardt     21st September 2016 South African gold miners African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold have been granted leave to appeal against all aspects of the class certification judgment delivered by the South Gauteng High Court in May. The six mining... 

Froneman says Zuma must quit

By: Bloomberg     20th September 2016 South African President Jacob Zuma “has to go,” with poor governance deterring prospective investors, according to the head of Sibanye Gold, the biggest producer of bullion in the country. “Any solid investor, any solid company is founded on good governance and what we have in South Africa at the... 

Mine land, water should be used for agriculture – Exxaro CEO 

By: Martin Creamer     14th September 2016 The vast tracts of land and abundant water supply held by mining companies around their mines should be used for community development through agriculture. “We sit on land, vast land. We sit on water resources, where because of new legislative requirements, we have to make sure that we put in... 

Client delivery focus helps to grow local ventilation business

By: David Oliveira     2nd September 2016 Local fans and ventilation firm MechCaL has registered accelerated growth in all areas of the business over the past two years, owing to the company’s vision of making client delivery a top priority in producing products for South African mining ventilation. During the two-year period, MechCaL... 

Supply beginning to tighten, safety dominating mining, top Electra Mining forums

By: Martin Creamer     2nd September 2016 Glencore beleive that tightening supply should bode well for commodity prices; safety trumps profits at Sibanye presentation; high-impact forums are on offer at this month's Electra Mining Africa show  

Resources Watch 

     1st September 2016 This week: Entrepreneurs pursuing gold dump projects, ‘pennyweight’ opportunities at depth And, safety dominates Sibanye results presentation as 125% profit surge takes back seat 

South Africa, mines fight over proposed community revenue share

By: Bloomberg     29th August 2016 South Africa’s biggest mining companies are opposed to a government proposal that 1% of their annual revenue be spent on developing communities associated with their operations and have countered with suggestions that they instead pay out a share of profit. The Chamber of Mines, which represents... 

Oriental Rubber Industries

     26th August 2016 Oriental Rubber Industries is a leading producer of an extensive range of rubber ply conveyor belts, including a large range of steel cord belts for the mining and industrial industries, in local and global markets. With an extensive research and development program, the company boasts various... 

Sibanye Gold declares R785m dividend

By: Martin Creamer     25th August 2016 Johannesburg- and New York-listed precious metals mining company Sibanye Gold on Thursday reported strong financial results for the six months ended June 30, driven mainly by a higher rand gold price and underpinned by solid production from both the gold and platinum divisions. Sibanye's... 

South Africa’s Mine Ventilation Game Changer

     18th August 2016 Local fans and ventilation firm MechCaL, has over the past 2 years, experienced accelerated growth in all areas of the business –all due to their vision of placing client delivery as a top priority and a passion for producing innovative products that are changing the face of South African mining... 

Beatrix social and labour plan delivers R6.2m investment

By: Sascha Solomons     29th July 2016 South African gold producer Sibanye Gold has funded, project managed and delivered a R6.2-million multipurpose hall to the Free State Department of Education (DoE), as part of its social and labour plan (SLP) agreements with the Department of Mineral Resources (DMR). Sibanye CEO Neal Froneman... 

Gold miners approach SCA for leave to appeal class action judgment

By: Megan van Wyngaardt     15th July 2016 South African gold miners African Rainbow Minerals, Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony and Sibanye Gold on Friday filed petitions to the Supreme Court of Appeal (SCA) for leave to appeal against the class action certification judgment delivered in the South... 

Mining companies file petition for leave to appeal

     15th July 2016 The six companies that are members of the Occupational Lung Disease Working Group today each filed petitions to the Supreme Court of Appeal for leave to appeal against the class action certification judgment delivered in the South Gauteng High Court on 13 May. The companies are African Rainbow... 

Gabon’s mining education move, Sibanye supporting education, new mining research thrust

By: Martin Creamer     15th July 2016 Strong support for mining education is under way as mining research and development gain new momentum locally. 

Sibanye in R6m Free State education boost

By: Martin Creamer     6th July 2016 As part of its Social and Labour Plan, precious metals mining company Sibanye Gold has handed over a state-of-the-art, multipurpose hall to the Free State Department of Education. The R6.2-million facility, which supports the department’s strategy of incentivising top performing schools, will... 

Govt committed to supporting young people’s participation in mining – DMR

By: Ilan Solomons     1st July 2016 The Department of Mineral Resources (DMR) is committed to supporting youth upliftment programmes aimed at improving young people’s knowledge about South Africa’s minerals and their development, DMR deputy director-general Joel Raphela told delegates at the 2016 Youth in Mining, Procurement and... 

Gold mining companies granted partial leave to appeal against certification judgment

By: Anine Kilian     24th June 2016 The South Gauteng High Court on Friday granted gold mining companies leave to appeal against a finding amending the common law in respect of general damages claims regarding the class certification judgment handed down by the court in May. It, however, refused leave to appeal on the certification... 

Sibanye suspends AMCU members at Kroondal

By: Anine Kilian     10th June 2016 Diversified miner Sibanye Gold has suspended six shop stewards who are members of the Association of Mineworkers and Construction (AMCU) at its Kroondal operations, pending internal disciplinary proceedings related to various charges including intimidation of employees. One of the six was the... 

Gold will outperform, iron-ore to be avoided – Junior Indaba

By: Martin Creamer     2nd June 2016 Gold will be the commodity that will outperform in the next 12 months and iron-ore is the commodity investors should avoid at all costs during that period, junior miners voted on Thursday. The 220-strong audience at the Junior Indaba, also gave a thumbs down to manganese, as the second commodity... 

Wind of change in govt – Froneman

By: Martin Creamer     1st June 2016 A positive wind of change was blowing through government in South Africa, Sibanye Gold CEO Neal Froneman said on Wednesday. Sibanye, which is mining gold and platinum and taking steps to generate its own coal-fired power at prices below the going rate, is showing faith in platinum while looking... 

Sibanye secures interdict against illegal strike at Kroondal ops

By: Henry Lazenby     27th May 2016 NYSE- and JSE-listed precious metals miner Sibanye Gold has been granted an interdict against a strike called at its Kroondal platinum operations, in South Africa, by the Association of Mineworkers and Construction Union (AMCU). The South African Labour Court on Friday declared any strike action... 

Kroondal operations suspended amid AMCU strike

By: Anine Kilian     27th May 2016 Workers affiliated with the Association of Mineworkers and Construction Union (AMCU) have embarked on a strike at the Kroondal mine in Rustenburg, reportedly in protest over the appointment of a bus contractor. The Kroondal mine is owned by Sibanye Gold, which acquired the asset through its... 

Still demand for education in mining

By: Kimberley Smuts     29th April 2016 There is still demand for mining education, the School of Mining Engineering at the University of the Witwatersrand (Wits) tells Mining Weekly, noting that this is demonstrated by the increase in first-year admissions from 103 students in 2005 to 234 students in 2015. Wits School of Mining... 

Sibanye investing R3.9bn in gold mines

By: Martin Creamer     20th April 2016 Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved... 

AMCU peace agreement now also applies to skilled workers – Solidarity

By: Natasha Odendaal     18th April 2016 Trade union Solidarity on Monday secured skilled workers’ inclusion in the peace agreement concluded last week by gold miner Sibanye Gold and the Association of Mineworkers and Construction Union (AMCU). The concession by Sibanye’s management on the post-wage agreement deal was a victory for... 

Unions disappointed with concessions made by Sibanye

By: Anine Kilian     8th April 2016 Trade union Solidarity has welcomed the Association of Mineworkers and Construction Union’s (AMCU’s) decision to call off a strike at gold miner Sibanye Gold, but said it was disappointed that Sibanye had made concessions to AMCU after promising it would not. AMCU had planned to embark on a... 

Mine mechanisation gains traction

By: Simon Sonnekus     1st April 2016 More South African mining companies are shifting from using conventional labour forces to mechanising their deep-level operations, as they are exposed to increased seismic stress and the subsequent seismic activity, higher temperatures and time-consuming travelling to the rock face, says... 

Pushing South Africa forward, regulating to spur investment, righting investor perception

By: Martin Creamer     25th March 2016 Economic deterioration is making it increasingly essential for South Africans to step up to the plate and insist that this country be made to chart a positive new course. 

Drought likely to pose water challenges for mines in the medium term

By: Ilan Solomons     18th March 2016 There is no evidence of water supply concerns related to the current drought compromising mining operations in South Africa, the Department of Water and Sanitation (DWS) tells Mining Weekly. However, project management and engineering consultancy Royal HaskoningDHV mining director Berte Simons... 

Drought likely to pose water challenges for mines in the medium term

By: Ilan Solomons     18th March 2016 There is currently no evidence of water supply issues, owing to the current drought, compromising mining operations in South Africa, the Department of Water and Sanitation (DWS) tells Mining Weekly. However, project management and engineering consultancy Royal HaskoningDHV mining director Berte... 

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