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Platinum Group Metals News

SA launches IJL jewellery pavilion

By: laurian clemence     20th August 2003 The Jewellery Joint Action Group, the export arm of the Jewellery Council of South Africa, and Trade and Investment South Africa (Tisa) along with South Africa’s top diamond, gold and platinum companies put on a showcase sample of some of the jewellery to be displayed at the prestigious... 

Rock-burst testing facility underutilised

By: nkolola halwindi     15th August 2003 Although the Terratek testing machine at the CSIR support testing laboratory is the only facility in the Southern Hemisphere that simulates rock-burst conditions with displacement speeds of three metres a second, and tests are also carried at a displacement rate of 15 to 30 mm/min, it has not... 

Harmony, ARMgold to create platinum firm

15th August 2003 South Africa's Harmony Gold Mining said on Wednesday that it and merger partner ARMgold would list a new platinum producer next year as the enlarged company focused exclusively on bullion. 

Lonmin's K4 Shaft

15th August 2003 Name of the project and location Lonmin’s K4 shaft, situated a few kilometres east of Rustenburg, North West Province. Project description To be rolled out in three phases, the K4 shaft project is an endeavour that ultimately aims to replace ore reserves for Lonmin’s Karee mine. The... 

PGM miner’s capex reviewed in light of rand

By: Martin Zhuwakinyu     15th August 2003 Platinum-group metals (PGMs) miner Northam Platinum plans to spend R130-million on capital projects during the year to next June, but this figure would have been much higher, had it not been for the firming rand, which has had the effect of whittling down the rand prices of exported goods. 

New Bushveld prospecting programme set to start

13th August 2003 Canada’s Platinum Group Metals has announced that its wholly-owned subsidiary Platinum Group Metals RSA (PTM RSA), has been granted a prospecting permit for the Tweespalk property on the northern limb of the Bushveld Complex. 

Anglo keeps options open on gold

By: Martin Czernowalow     11th August 2003 South Africa’s biggest company, Anglo American, refused to be drawn on whether it would seek to restore its 50% stake in AngloGold should its proposed merger with Ashanti Goldfields of Ghana proceed – the deal would see Anglo’s stake being diluted to below 45%. 

Barbican plans counteroffer for Zimplats

11th August 2003 Zimbabwe Platinum Mines (Zimplats) said financial services group Barbican Holdings planned to top an offer by majority owner Impala Platinum Holdings for the minority shares in Zimplats. 

Gold Fields exercises Arctic Platinum option

11th August 2003 South African gold producer Gold Fields on Friday announced that it would exercise its pre-emptive right to acquire Outokumpu’s 49% stake in the Arctic Platinum project in Finland, in which Gold Fields already holds the majority share of 51%. 

Platinum giant plans to liberate precious lock-up

By: Deborah Spicer     8th August 2003 The world’s largest platinum company Anglo Platinum has increased its pipeline stock of refined platinum by 205 000 oz, it disclosed at its quarterly results last month. 

Platinum leader to refine policy on gearing

By: Terence Creamer     8th August 2003 The world’s leading platinum producer, Anglo Platinum, is planning to refine its policy with regard to appropriate gearing levels as it continues with its big expansion drive. 

Institutions favour Impala offer-Zimplats

8th August 2003 Takeover target Zimbabwe Platinum Mines said yesterday that some major shareholders had indicated they would accept a cash offer made by the world's second-largest platinum producer, Impala Platinum. 

Dwaalkop could be Northam's East limb target

8th August 2003 South Africa’s fourth-largest platinum producer, Northam Platinum – which has been criticised for not fully exploiting its empowered status – is in the final stages of progressing the acquisition of an Eastern Limb prospect in the Limpopo province. 

Jewellery designers showcase their talent

By: nkolola halwindi     8th August 2003 Although there has been a fall in demand in the jewellery sector, which remains the main consumer of gold, gold producer Anglogold is promoting creativity in gold jewellery. 

Canadian miner prepared for surge in platinum demand

1st August 2003 Canadian-listed miner Platinum Group Metals expects to see an increase in the demand for platinum and palladium and believes it is in a good position to take advantage of this trend. 

Rand may force Angloplat to rethink expansion

By: Martin Czernowalow     31st July 2003 The strong South African currency may force platinum giant Anglo Platinum to re-evaluate its expansion projects, but the company remains hopeful that it will achieve its proposed yearly production of 3,5-million ounces, by the end of 2006. 

Implats looks set to sell subsidiary

By: Martin Czernowalow     30th July 2003 The world’s second-biggest platinum producer, Impala Platinum (Implats), is likely looking to sell its 83%-owned subsidiary, Barplats. 

Zim's platinum sector defies political gloom

By: Martin Zhuwakinyu     28th July 2003 Zimbabwe’s burgeoning platinum-group metals (PGM) industry is continuing to attract the attention of international investors, defying the conventional view that a country shunned by the world’s leading financial institutions might as well forget about foreign direct investment. 

AngloPlat announces new East Limb BEE deal

By: Martin Czernowalow     25th July 2003 The world’s biggest platinum producer, Anglo American Platinum, yesterday announced that it has agreed, in principle, to establish a 50:50 joint venture with Khumama Platinum to develop the Booysendal platinum project on the East Limb of the Bushveld Complex. 

AngloGold presents ‘Riches Of Africa 2003’

25th July 2003 From spring buds about to bloom to the winds and falling leaves of autumn and the burning strength of the summer sun, to a bleak winter landscape – the winners of AngloGold’s Riches of Africa 2003 competition interpreted the theme ‘Four Seasons’ to produce a distinctive... 

Platinum Lining

By: Martin Zhuwakinyu     25th July 2003 Zimbabwe’s burgeoning platinum-group metals (PGM) industry is continuing to attract the attention of international investors, defying the conventional view that a country shunned by the world’s leading financial institutions might as well forget about foreign direct investment. 

Market braced for soft Angloplat, Implats results

24th July 2003 Investors are braced for a tumble in results from the world's top two platinum producers in the next month after number one Anglo American Platinum (Angloplat) issued a profit warning earlier this month. 

Platinum giant awards new construction contacts

23rd July 2003 Construction and building group WBHO has been awarded two new contracts by platinum giant Anglo Platinum, following the completion of a distribution centre in Polokwane. 

Tenders awarded for Unki mine development

By: Martin Czernowalow     22nd July 2003 Tenders for dam construction, main access roads and bridge construction have been awarded for Anglo American’s Zimbabwe project, the Unki mine. 

Platinum giant increases its exploration budget

By: zeena isaacs     18th July 2003 Geological exploration is a key component of Anglo Platinum’s expansion programme to produce 3,5-million oz of refined platinum by the end of 2006. 

Turnkey platinum flotation project to be commissioned in September

18th July 2003 A R20-million turnkey project has been awarded to Metso Minerals Processing in January for Anglo Platinum Union Section’s Mortimer concentrator. 

Impala refinery upgrade study completed

By: Martin Czernowalow     16th July 2003 A draft scoping report has been completed for the proposed increase in capacity at Impala Platinum Holdings’ (Implats) refinery in Springs, on the East Rand. 

Canadian explorer makes play for Limpopo PGMs

11th July 2003 Canadian exploration company Platinum Group Metals (PGM) has set its sights on the platinum-rich Bushveld Igneous Complex in the Limpopo Province, in South Africa. 

AngloGold takes local talent to UK

11th July 2003 Gold producer AngloGold has brought the talents of South African jewellery designers and musicians to London, through its participation in the UKKasie festival, which is being held at the Wembley Exhibition Centre from today until Sunday. 

PGM miner hits its ramp-up target

7th July 2003 Mining License and Prospecting Permits issued for Phases 2 and 3 Canadian miner SouthernEra Resources announced on Friday that Messina's Phase 1 Mine, which was commissioned during the third quarter of 2002, has achieved its first production target of 40 015 t for June. 

Strong rand knocks platinum giant

4th July 2003 The world's largest platinum producer has warned that the increase in platinum group metal prices over the past six months will be insufficient to offset the negative impact of a stronger rand. 

Vertical shafts’ development on track

4th July 2003 South Africa’s third-largest platinum producer is driving towards putting more platinum ounces on to the market. 

Ventilation shaft at Hossy completed

By: renay de     4th July 2003 Wholly-owned subsidiary of Murray & Roberts, Murray and Roberts RUC, was involved in the raisedrilling of the Lonmin Hossy Shaft on the outskirts of Rustenburg. 

Four levels of Saffy Shaft development remaining

By: renay de     4th July 2003 Possibly the safest major shaftsinking and mining construction company in Southern Africa, Shaft Sinkers, on 7 May again achieved one-million fatality-free shifts for all of its operations in 1 312 fatility-free production shifts. 

Zimplats board recommends Impala takeover bid

2nd July 2003 The board of Australia-listed Zimplats yesterday recommended shareholders accept a cash takeover bid by world number two platinum miner Impala Platinum (Implats) of South Africa. 

Zimplats buy key to Impala’s growth ambitions

By: Martin Czernowalow     2nd July 2003 South Africa’s Impala Platinum (Implats), the world’s second-biggest platinum producer, yesterday described its bid to take control of Zimbabwe Platinum Mines (Zimplats) as a “balance between risk and reward”. 

Impala moves to acquire Zimplats

By: Martin Czernowalow     1st July 2003 South Africa’s Impala Platinum Holdings (Implats), the world’s second-biggest platinum producer, intends to acquire Zimbabwe Platinum Mines (Zimplats), through two transactions, totalling over a billion rand, the company said yesterday. 

PGM explorer appoints new SA head

1st July 2003 Canadian explorer Platinum Group Metals (PGM) announced yesterday that John Gould has accepted an appointment to become MD of its wholly owned South African subsidiary, PGM South Africa. 

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