Global Mining News in real time

Platinum Australia and Jubilee mull merger

By: Esmarie Swanepoel Embattled platinum miner Platinum Australia was in merger discussions with fellow South African miner Jubilee Platinum regarding a possible merger. Under the proposed merger, Jubilee would acquire all the ordinary shares on issue in Platinum Australia in a share exchange. 

Jubilee inks toll processing MoU with Platinum Australia

By: Megan van Wyngaardt Aim- and JSE-listed mine-to-metal specialist Jubilee on Tuesday said it had entered into an agreement for the toll processing of 800 000 t of Dilokong chrome mine platinum-bearing tailings using the concentrator at Platinum Australia’s Smokey Hills mine. Jubilee said newly formed subsidiary... 

Platinum Australia settles with disgruntled contractor

By: Esmarie Swanepoel The administrators of embattled Platinum Australia this week reported that a settlement had been reached between the platinum miner’s subsidiary and mining contractor Redpath Mining. The dispute centered around an underground mining contract at the Smokey Hills mine, in South Africa, which was... 

Platinum Australia reviews Smokey Hills

By: Esmarie Swanepoel ASX-listed Platinum Australia went into a trading halt on Monday on news that it was reviewing its Smokey Hills operation, in South Africa, in light of deteriorating operating conditions. In a statement to the ASX, Platinum Australia said that difficult operating conditions have prevented the... 

Panoramic buys WA project from Platinum Australia

By: Esmarie Swanepoel ASX-listed Platinum Australia has sold its Panton platinum-group metals (PGM) project, in Western Australia, to fellow listed Panoramic Resources for A$5.25-million and a net smelter return of 0.5%. The project is estimated to contain a resource of some 14.32-million tons grading 2.19 g/t... 

Company Announcement: Smokey Hills Production Update

Platinum Australia Limited is pleased to provide an update on the progress made since initiating the transition from contract mining to Owner Operator in January 

Platinum Australia moves to owner-operator at Smokey Hills 

By: Esmarie Swanepoel ASX-listed Platinum Australia is transitioning to an owner-operator model at its Smokey Hills mine in South Africa, the company reported on Thursday. Platinum Australia said an owner-operator model would place it in a stronger position to meet its production targets and would achieve cost... 

Platinum Australia reports marginal production increase

By: Henry Lazenby ASX-listed Platinum Australia on Monday reported that it produced 222 oz more of 4E platinum-group metals (PGMs), comprising platinum, rhodium, palladium and gold, despite losing about 20% of the available underground production days available to it because of industrial action. In its quarterly... 

Smokey Hills workers go on strike

By: Esmarie Swanepoel ASX-listed Platinum Australia’s embattled Smokey Hills operation has once again been thrust into the limelight as disgruntled contract workers started a protected industrial action on Monday. The strike, which affects all of mining contractor JIC Mining Services’ operations, including the Smokey... 

Smokey Hills underground operations resumes

By: Esmarie Swanepoel ASX-listed Platinum Australia has resumed underground production at its Smokey Hills operation, in South Africa, after access to the mine site was restored through alternate roads. The miner reported last week that production at its Smokey Hills operation was disrupted as communities in the area... 

Production disrupted at Smokey Hills

By: Esmarie Swanepoel Production at ASX-listed Platinum Australia’s South African operations have been disrupted as communities in the area blocked the access road to the Smokey Hills mine. Platinum Australia said on Friday that the road blockages were occurring around 10 km from the Smokey Hills mine on a municipal... 

Platinum Australia lifts output despite difficulties at Smokey Hills

By: Esmarie Swanepoel South Africa-focused Platinum Australia increased production at its production by more than 700 oz in the June quarter, despite ongoing difficulties at its Smokey Hills mine. Production rose to 8 799 oz, from the 8 015 oz in the previous quarter, the company said on Friday. 

JIC says worker killed after Smokey Hills mob attack 

By: Brindaveni Naidoo A JIC Mining Services worker was killed at the Smokey Hills mine in Limpopo, after he was attacked by a mob, the mining contractor confirmed on Friday. Kobus Jansen Van Rensburg was killed when the mini bus transporting employees of JIC was ambushed by a mob of people, reportedly including some... 

Platinum Australia says PFS confirms viability of Rooderand

By: Mariaan Webb Platinum Australia has started work on a definitive feasibility study (DFS) for the Rooderand platinum project on the western limb of South Africa’s Bushveld Compex, after a prefeasibility study (PFS) showed that the openpit and underground operation would be viable. The PFS puts a price tag of... 

Smokey Hills output to rise as contractor moves to hire staff

By: Esmarie Swanepoel South Africa-focused Platinum Australia expects to achieve its planned production level of 60 000 t/m over the next two months, as mining contractor JIC Mining Services worked to employ staff at the Smokey Hills operation. JIC Mining dismissed 85% of its workforce at the Smokey Hills mine in... 

Contractor fires 85% of Smokey Hills workforce

By: Esmarie Swanepoel South Africa-focused Platinum Australia said on Tuesday that its mining contractor JIC Mining had dismissed 85% of its workforce at the Smokey Hills mine. JIC employees had been engaging in an unprotected industrial action at the Smokey Hills platinum project, when the mining contractor obtained... 

Redpath, Platinum Australia enter arbitration to resolve Smokey Hills dispute

Mining contractor Redpath Mining and junior miner Smokey Hills have entered into an arbitration process in a bid to resolve a dispute over the termination of a contract at the Smokey Hills mine in South Africa. The arbitration process is under way, with a resolution expected by July 2011, said... 

Platinum Australia to raise A$40m for South African projects

By: Esmarie Swanepoel ASX-listed Platinum Australia on Thursday announced an equity raising of about A$40-million for its Smokey Hills mine and platinum exploration projects in South Africa. The equity raising would consist of a A$15-million fully underwritten institutional placement, as well as a one-for-seven... 

Platinum Australia appoints new contractor for Smokey Hills

By: Mariaan Webb Junior miner Platinum Australia expects its underground mining at its Smokey Hills mine, in South Africa, to resume on Monday, after appointing JIC Mining Services as its new mining contractor. Platinum Australia terminated its underground mining contract with Redpath Mining on October 11. The... 

Company Announcement: Termination Of Underground Mining Contract At Smokey Hills Mine

Attached please find a press release on: Platinum Australia Limited (ASX:PLA) advises that the Underground Mining Contract at the Smokey Hills Mine with Redpath Mining (South Africa) (Pty) Ltd (“Redpath”) has been terminated by PhokaThaba Platinum (Pty) Ltd (“PhokaThaba”), a South African... 

Depleting stockpiles to drive palladium price up, 
Platinum Australia’s SA operations to boost platinum supply

By: Megan van Wyngaardt The recent global economic crisis’ ripples may still be evident in many mining companies, with production at larger and deeper mines becoming constrained as many of these mines have a long lead time. 

Contract miner dismisses striking Smokey Hill workers

By: Esmarie Swanepoel ASX-listed Platinum Australia would restart underground operations at its strike-hit Smokey Hills mine in South Africa early next week, the company reported on Thursday. Contract miner Redpath Mining dismissed striking workers who brought the Smokey Hill platinum mine to a halt this week, but... 

Daily podcast – March 3, 2010

By: Shannon de Ryhove Gold Fields aims to produce some 60% of its gold from mines outside SA; and Smokey Hills mine comes to an almost complete stop as mine contractor staff go on unprotected industrial action. 

Contractor strike brings Platinum Australia's Smokey Hills to halt 

By: Esmarie Swanepoel ASX-listed platinum producer Platinum Australia on Wednesday reported that work at the company’s Smokey Hills mine, in South Africa, had come to an almost complete stop, as mine contractor staff went on an unprotected industrial action. The platinum miner said that workers had refused to go... 

Platinum Australia widens interim loss

By: Chanel de Bruyn ASX-listed Platinum Australia, which owns mines in South Africa, on Friday announced that it had widened its loss for the six months ended December 31, 2009, to A$14,5-million, compared with a loss of $4,8-million the year before. This was the first time that the Smokey Hills mine had been in... 

Platinum Australia reports power interruption at SA mine

By: Chanel de Bruyn About 1 000 oz of four-element platinum-group metal (PGM) output would be lost at ASX- and Aim-listed Platinum Australia’s Smokey Hills mine, in South Africa, as a result of a power interruption. The platinum-miner on Friday reported that the main control panel at the mine had suffered damage as... 

Johnson Matthey bullish on platinum, palladium, sees deficits

By: Martin Creamer Platinum researcher Johnson Matthey on Tuesday presented a bullish outlook for both platinum and palladium and spoke of deficits being on the way in both metals. Johnson Matthey precious metals marketing director Mark Bedford told Mining Weekly Online that both the autocatalyst and industrial... 

Demand to outstrip platinum supply between 2010 and 2016 - Platinum Australia

By: Esmarie Swanepoel ASX- and Aim-listed Platinum Australia on Thursday said that demand for platinum would outstrip supply between 2010 and 2016, as the production from South Africa, which accounts for about 75% of the world's output, remained flat. Platinum Australia MD John Lewins told the Africa Downunder... 

Platinum Australia gets A$15m bridging loan from Macquarie  

By: Esmarie Swanepoel ASX- and Aim-listed Platinum Australia has obtained a A$15-million bridging loan from Macquarie Bank to complete the repayment of a Standard Bank facility for the development of its Smokey Hills mine in South Africa. In July, Platinum Australia made a part repayment of the Standard Bank facility... 

Platinum Australia upgrades Kalplats’ resource estimate fourfold

By: Esmarie Swanepoel ASX and Aim-listed Platinum Australia has increased the mineral resource estimate at its Kalahari Platinum (Kalplats) project in South Africa’s North West province, by almost 300%, to 1,58-million ounces of platinum, palladium and gold. The Vela deposit resource estimate increased to... 

Platinum Australia says Kalahari project’s bankable study delayed

By: Creamer Media Reporter ASX- and Aim-listed Platinum Australia has delayed the finalisation of the bankable-feasibility study (BFS) of the Kalahari Platinum (Kalplat) project, located in South Africa’s North West province, to the second quarter of this year, it reported on Tuesday. The company, which owns the Smokey... 

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