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Palladium News

Leon urges South Africa to sign global mining community convention

By: Martin Creamer     31st July 2013 South Africa should consider signing the International Labour Organisation’s (ILO’s) Convention 169, which deals with the rights of mining communities, says Webber Wentzel Africa mining head Peter Leon. Leon, who addressed the SAWEF 2013 conference in Johannesburg, believes that mining... 

Mining’s fundamental business case needs rebuilding – Turton 

By: Martin Creamer     30th July 2013 The fundamental business case for mining needed rebuilding and should include mine closure planning and funding from inception throughout the life of mine, Water Stewardship Council of Southern Africa trustee Dr Anthony Turton said on Tuesday. Turton was addressing the South Africa Water, Energy... 

Mining’s wage issues will be resolved, industry will move forward – Chamber  

By: Martin Creamer     29th July 2013 The wage issues of the South African mining industry will be resolved and the industry will move forward, says Chamber of Mines CEO Bheki Sibiya. “Yes, there are challenges around wage negotiations," says Sibiya, who addressed a mining student conference at Wits University’s School of Mining... 

Anglo American is potential ‘cash flow engine’ – Cutifani

By: Martin Creamer     26th July 2013 Low-ranked diversified major Anglo American has the potential to become a cash flow engine, Anglo CEO Mark Cutifani said on Friday. Cutifani, who took over as CEO three-and-a-half months ago, told Mining Weekly Online after reporting 28%-lower $1.3-billion underlying earnings for the first half... 

Weaker rand, upped sales help Amplats to cushion labour, cost, price blows

By: Martin Creamer     22nd July 2013 A weaker rand and increased sales volumes helped Anglo American Platinum (Amplats) to cushion the blows of labour unrest, higher costs and lower prices as it reported 88% higher earnings a share in the six months to June 30. Although illegal industrial action impacted production, unit costs and... 

New-breed platinum operator hits jackpot in unmapped Waterberg 

By: Martin Creamer     10th July 2013 Canadian platinum aspirant Platinum Group Metals (PTM) on Wednesday flew journalists over the company’s new award-winning platinum find beyond the mapped northern limb of Bushveld Complex. The shallow, mechanisation-facilitating deposit may have the potential to turn new breed into best of breed... 

Many broke explorers heading for delisting – Gardyne

By: Martin Creamer     4th July 2013 Most listed mining exploration companies had insufficient funds to keep going and many were heading for delisting by year-end, New Africa Mining Fund II (NAMF II) director Neil Gardyne said on Thursday. “I’m anticipating that half of them are going to go to the wall,” Gardyne told the GeoForum... 

Mining’s who’s-who leave AMCU out to dry as accord is signed 

By: Martin Creamer     3rd July 2013 The who’s who of the South African mining sector on Tuesday went ahead and signed the framework agreement for sustainable mining, without waiting any longer for the stalling Association of Mineworkers and Construction Union (AMCU), and in so doing provided a potentially formidable bulwark against... 

Mining’s who’s-who leave AMCU out to dry as accord is signed
Deputy President Kgalema Motlanthe tells Mining Weekly Online’s Martin Creamer that he has given AMCU union time to consult its members and then sign the document the stalling union helped to draft 19 days ago. Photographs: Duane Daws. Video: Nicholas Boyd. Editing: Shane Williams.

Replace site-by-site mine rehab with regional regeneration – CSIR 

By: Martin Creamer     1st July 2013 Holistic regional economic hub building needs to replace the current site-by-site approach to mine rehabilitation and far more productive post-mining landscaping needs to be implemented, new Council for Scientific and Industrial Research (CSIR) natural resources and the environment executive... 

Mining accord signing July 3, big migrant labour changes mooted – Motlanthe 

By: Martin Creamer     28th June 2013 All mining stakeholders would be convened on July 3 to sign off on the collaborative draft document on ensuring peace and stability South Africa's mining sector, Deputy President Kgalema Motlanthe said on Friday. “I can assure you that on July 3, all parties will sign off on the document,” the... 

Mining’s damaging ‘blame game’ destroying South Africa 

By: Martin Creamer     26th June 2013 The South African economy could no longer afford the damaging “blame game” under way in the crucial mining sector, which needed to take urgent steps to prepare for the inevitable next commodities boom, Energy Intensive User Group chairman Mike Rossouw said on Wednesday. 

Changes to draft mining agreement due in

By: Martin Creamer     25th June 2013 Changes to the draft framework agreement on sustainable mining in South Africa, arrived at under the auspices of Deputy President Kgalema Motlanthe, are due in today. The Deputy Presidential spokesperson Thabo Masebe said a small team would deal with any changes submitted. That would then be... 

AMCU outdoes NUM, demands 150% pay rise for entry-level gold miners 

By: Martin Creamer     25th June 2013 The Association of Mineworkers and Construction Union (AMCU) on Tuesday demanded 150% increase for all entry-level underground gold-sector mineworkers as minimum pay, and an even bigger 159% increase for newcomers performing surface functions – significantly outdoing the National Union of... 

AMCU, Lonmin find strike-averting meeting point?

By: Martin Creamer     21st June 2013 Have the Association of Mineworkers and Construction Union (AMCU) and platinum company Lonmin found a strike-averting meeting point? Deputy President Kgalema Motlanthe told AMLive anchor Xolani Gwala, who was hosting an SAfm national radio debate on Friday, that he had been assured that the... 

‘Step change’ govt support impresses Amplats CEO

By: Martin Creamer     19th June 2013 The support that the South African government was lending to the mining sector represented constructive engagement, Anglo American Platinum (Amplats) CEO Chris Griffith said on Wednesday. Griffith, who hosted a lunch to brief the media, said the message he would like to leave was that there had... 

Draft document for sustainable mining agreed – Deputy President 

By: Martin Creamer     14th June 2013 Government, business and labour has agreed to ratify a draft document on ensuring sustainable mining in South Africa, Deputy President Kgalema Motlanthe has outlined. Government, organised labour and business also committed to continue to meet quarterly over the next 12 months, or as frequently... 

No stone to be left unturned in tackling mining’s problems, says Deputy President

By: Martin Creamer     14th June 2013 Deputy President Kgalema Motlanthe has committed to solving the problems of South Africa’s troubled mining industry. “We’re going to leave no stone unturned to ensure that every problem that the stakeholders have identified is tackled and resolved,” Motlanthe told the gathering of the who’s who... 

NAP secures funds for Ontario mine expansion

By: Henry Lazenby     7th June 2013 Canadian palladium producer North American Palladium (NAP) has secured two financings and has extended a line of credit to fund the progressing expansion of its Lac des Iles (LDI) mine, in Ontario. The company on Friday said it had closed a $130-million term loan financing with investor... 

Chamber, NUM agree bilateral ahead of main wage talks

By: Martin Creamer     31st May 2013 In a departure from business-as-usual, the Chamber of Mines (CoM) had agreed to one-to-one discussions with the National Union of Mineworkers (NUM) ahead of this year’s crucial main collective bargaining negotiations, CoM CEO Bheki Sibiya told Mining Weekly Online at the weekend. Sibiya said... 

President Zuma draws the line on wildcat strikes  

By: Martin Creamer     30th May 2013 President Jacob Zuma on Thursday drew the line on wildcat strikes, implicitly declaring unequivocal zero tolerance on future industrial action that is outside of the law. Announcing a new programme of action for the troubled South African mining sector, President Zuma said that Deputy President... 

Jacob Zuma
President Jacob Zuma told Mining Weekly Online's Martin Creamer that South Africa and the South African government had agreed to a new programme of action to put the troubled mining sector on a path to recover. Photography: Duane Daws. Video camerawork: Nicholas Boyd. Editing: Shane Williams.

New SA base for tech firm’s mining innovation surge into Africa 

By: Martin Creamer     29th May 2013 An exploration and mining software solutions provider, with a spread of offices across the world, on Wednesday officially opened a new office in South Africa, which will be used as a base for the launch of a new suite of products into the continent. Micromine CEO Kevin Fitzpatrick, on a stopover... 

South African mineral rights technology taking world by storm 

By: Martin Creamer     28th May 2013 A locally developed mineral rights system, now active on all continents, is taking the minerals-management world by storm. The ten-year-old FlexiCadastre, developed by Spatial Dimension of Cape Town, is currently being applied in 70 global mining jurisdictions by more than 1 200 government and... 

Labour trafficking rearing ugly head in SA mining, says social scientist 

By: Martin Creamer     27th May 2013 Labour trafficking had reared its ugly head in South Africa’s mining sector, fuelled by the migrant labour system, mining’s short-term contracting trend and corrupt elements, social scientist Dr Philip Frankel said on Monday. Unsuspecting people were falling into the clutches of traffickers... 

Norilsk changes Africa, Australia CEOs, reports first quarter outputs

By: Keith Campbell     24th May 2013 World number one nickel and palladium producer MMC Norilsk Nickel (Norilsk) has announced that the new CEO of Norilsk Nickel Africa is Michael Marriott, who was previously the Deputy Director of Norilsk’s Overseas Production Assets Department. He is already a member of the executive committee of... 

Motlatsi proposes new migrant labour deal  

By: Martin Creamer     23rd May 2013 Mining union pioneer Dr James Motlatsi on Thursday proposed a new deal for South Africa's migrant mine workers. Speaking to Mining Weekly Online in a video interview, the founding president of the National Union of Mineworkers called on the beleaguered industry to jointly address the problems... 

Metallurgic tests at PTM’s Waterberg discovery ‘exceeding’ expectations

By: Henry Lazenby     15th May 2013 NYSE- and TSX-listed Platinum Group Metals (PTM) on Wednesday said initial test results from metallurgical samples of the T2 and F zones from the Waterberg platinum deposit was meeting or exceeding expectations. PTM said estimated recoveries for platinum, palladium and gold in scoping flotation... 

Ivanplats significantly adds to African projects’ resources

By: Henry Lazenby     15th May 2013 Africa-focused project developer Ivanplats on Wednesday said it had significantly increased the resources at two of its largest African projects and added that it was moving to finalise its mining-right application at the South African Platreef project this quarter. Toronto-based Ivanplats, the... 

Eastplats reports quarterly loss as production winds down

By: Henry Lazenby     15th May 2013 South Africa-focused platinum miner Eastern Platinum (Eastplats) reported another first-quarter net loss as platinum group metals (PGMs) output fell by more than half, owing to the company winding down operations in an effort to weather the negative platinum-sector outlook. Vancouver-based... 

Atlatsa narrows Q1 loss as production normalises

By: Henry Lazenby     14th May 2013 Triple-listed platinum group metals (PGMs) miner Atlatsa Resources has narrowed its 2013 first-quarter net loss to C$4.6-million, an 88.8% improvement on the C$41.27-million loss recorded in the first quarter of 2012. This was mainly as a result of improved grades, production and an improved... 

Platinum market records 375 000 oz deficit in 2012

By: Idéle Esterhuizen     13th May 2013 The global platinum market experienced a deficit of 375 000 oz in 2012, owing to a steep decline in output from South Africa, platinum group metals authority Johnson Matthey’s ‘Platinum 2013’ report has revealed. Published on Monday, the report found that primary platinum supply fell by 13% to... 

Mining doomed if ‘crazy’ pay increases continue – Nick Holland  

By: Martin Creamer     10th May 2013 South Africa’s mining industry was doomed if ‘crazy’ wage increases continued to be paid and productivity declined, Gold Fields CEO Nick Holland said at the weekend. Speaking at a media roundtable coinciding with the release of the company’s first-quarter results, Holland said productivity... 

North American Palladium more than triples Q1 loss, plans financing

By: Henry Lazenby     7th May 2013 Toronto-based North American Palladium (NAP) this week reported its first-quarter loss more than tripled on significantly higher expenses. NAP on Monday said its comprehensive loss for the quarter ended March 31, was $2.8-million or $0.02 a share, which was 206% wider than the loss of $928 000... 

Individual risk-taking cause of most mine deaths – Carolus 

By: Martin Creamer     6th May 2013 Most mine injuries and deaths are the result of individual risk-taking behaviour, says Gold Fields nonexecutive chairperson Cheryl Carolus. Carolus, who has been a member of the Gold Fields’ safety and health committee since 2009, spoke to Mining Weekly Online in a wide-ranging interview, in... 

Supply side factors to continue impacting platinum price

By: Idéle Esterhuizen     3rd May 2013 The price of platinum this year would, in large part, continue to be determined by supply side factors, Thomson Reuters GFMS mining research director William Tankard said on Friday. Discussing the firm’s latest Platinum & Palladium Survey, he noted that further labour unrest was likely, as South... 

Miserable year for miners, bankers – Liberum

By: Martin Creamer     3rd May 2013 In what had been a miserable year for miners and bankers, the UK mining-investment sector had lost a quarter-plus of its value, and was £100-billion down on last year, Liberum Capital mining head Michael Rawlinson said at the weekend. Equity issuance had been terrible, initial public offering... 

Shanduka halves exposure to mining, grows infrastructure activity 

By: Martin Creamer     23rd April 2013 Shanduka, one of South Africa’s leading black-owned and black-managed holding companies, has halved its exposure to mining, CEO Phuti Mahanyele said on Monday. Speaking to Mining Weekly Online in an exclusive interview, the 42-year-old head of the R8-billion company – which is chaired by founder... 

Mining community sought to serve as industry model

By: Martin Creamer     22nd April 2013 A champion community to serve as a developmental model for the rest of the mining industry is being sought by a leading member of the Southern African Institute of Mining and Metallurgy (SAIMM). Veteran SAIMM member Robbie Robinson, in a leading commentary in the SAIMM journal, puts forward the... 

Long-term thinking critical – Anglo American

By: Martin Creamer     19th April 2013 Long-term thinking helped to generate wealth, mitigate environmental harm, combat poverty and promote development in near-mine communities, Anglo American chairperson Sir John Parker said on Friday. The company’s 2012 sustainable development report, launched at its annual general meeting in... 

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