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Steve Burks

     15th December 2017 This week we feature Steve Burks, MD of Lycopodium ADP, Cape Town, a company engaged in engineering design, procurement, construction management and the commissioning of metallurgical processing plants   

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

New knife gate valve gains traction in mining market

By: Nadine James     10th November 2017 Having secured the first installation of its Victaulic Series 795 knife gate valve (KGV) – which is under way at diversified miner African Rainbow Minerals’ Modikwa platinum mine, near Burgersfort, in Limpopo – mechanical piping systems supplier Victaulic has sold two 3” KGVs to a platinum mine... 

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

NUM, Solidarity sign three-year wage agreement with Assmang

By: Natasha Odendaal     26th September 2017 Trade unions the National Union of Mineworkers (NUM) and Solidarity have secured a three-year wage agreement with iron-ore and manganese miner Assmang at its operations in the Northern Cape. Assmang, a joint venture between Assore and African Rainbow Minerals, operates the Khumani iron-ore mine,... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

Zwane calls for turning point after Kusasalethu mine deaths

By: African News Agency      1st September 2017 Mineral Resources Minister Mosebenzi Zwane said on Friday that the Kusasalethu mine incident where five mineworkers lost their lives should be a “turning point” in the health and safety of the country’s mining industry. “Kusasalethu mine deaths should be a turning point in mine safety in the... 

Assore posts record headline earnings of R5.2bn as commodity prices rebound

By: Ilan Solomons     30th August 2017 Mining investment holding company Assore achieved a 199% increase in headline earnings to R5.2-billion for the financial year to June 30, compared with R1.7-billion in the previous year. Attributable earnings amounted to R5-billion, which was an improvement of 226% from 2016, which was also a... 

ARM FY headline earnings to increase; company sets R330m aside for silicosis claims

By: Creamer Media Reporter      21st August 2017 Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the 2017 financial year to be between R16.25 and R17.02, 229% to 245% higher than the headline earnings a share of R4.94 achieved in the 2016 financial year. The JSE-listed company noted in a trading... 

ARM appoints new FD as Arnold set to retire

By: Megan van Wyngaardt     12th June 2017 Mike Arnold will retire as FD of African Rainbow Minerals (ARM) on December 10, after eight years in the role. In the months to come, he will work with his successor Abigail Mukhuba, to ensure a smooth handover process. 

Settlement likely by year-end as parties in silicosis case pursue out-of-court option

By: Jade Davenport     5th May 2017 Mining companies facing a class action suit from mineworkers who developed silicosis on South Africa’s gold mines are expected to reach an out-of-court settlement before the close of the year. The class action, which was lodged in May 2016, comprises, according to attorney Richard Spoor, an... 

Alphamin appoints Swanepoel, Baloyi to board; starts mine boxcut construction

By: Megan van Wyngaardt     20th April 2017 TSX-listed Alphamin Resources, which is developing the Bisie tin project, in the Democratic Republic of Congo, has appointed Bernard Swanepoel and Paul Baloyi to its board. Swanepoel currently also serves on the boards of miners Impala Platinum, Zimplats, eXtract Limited, African Rainbow Minerals... 

Impairments drag ARM into narrowed loss

By: Martin Creamer     16th March 2017 Diversified mining company African Rainbow Minerals (ARM) on Thursday reported a narrowed basic earnings loss of R254-million in the six months to December 31. The loss resulted mainly from attributable impairments of the Nkomati nickel and Modikwa platinum mines totalling R1.4-billion after tax... 

Exxaro CEO calls for nation to rethink BEE ownership, warns not to repeat past mistakes

By: Kim Cloete     8th February 2017 A new way of looking at black economic empowerment (BEE) ownership is needed to avoid the “pain and frustration” that has been experienced in the past, suggests Exxaro CEO Mxolisi Mgojo. “As leaders of one of the country’s largest employers, we should reassess current empowerment initiatives . .... 

Milestone for Two Rivers as PGM production surpasses 400 000 oz/y

By: David Oliveira     3rd February 2017 Mpumalanga-based Two Rivers, a joint venture between diversified miner African Rainbow Minerals (ARM) and platinum producer Impala Platinum (Implats), reached an important milestone last year, producing more than 400 000 oz of platinum-group metals (PGMs) for the first time since the mine started... 

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. 

Bigen Africa appoints Henk Bester to lead Transport directorate

     19th October 2016 Solutions-driven infrastructure development group, Bigen Africa, has appointed Henk Bester as Managing Director of its Transport directorate. Bester, formerly managing director of rail at Hatch Consultants, will play a key role in driving the group’s business development goals, which include... 

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... 

Globally competitive mining legislation critically important – Motsepe 

By: Martin Creamer     8th September 2016 Globally competitive mining legislation is critically important for South Africa, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Thursday when he gave his full backing to the “once empowered, always empowered” principle currently the subject of negotiation between... 

ARM pays lower dividend as earnings plummet

By: Martin Creamer     8th September 2016 The headline earnings of diversified mining company African Rainbow Minerals (ARM) decreased 40% to R1 051-million in the 12 months to June 30. Earnings a share were 494c, compared to 803c last financial year. 

Assore earnings down on global iron-ore, manganese oversupply

By: Martin Creamer     7th September 2016 Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year. The Johannesburg Stock Exchange-listed company, chaired by Des Sacco, reported a poor ongoing... 

ARM concludes R450m Dwarsrivier stake sale to Assore

By: Creamer Media Reporter      29th July 2016 Diversified miner African Rainbow Minerals (ARM) has completed the R450-million sale of its 50% indirect interest in the Dwarsrivier chrome mine to joint venture (JV) partner Assore. The Dwarsrivier mine was owned by Assmang, a JV in which ARM and Assore previously each owned a 50% interest. 

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... 

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... 

Patrice Motsepe launches new investment firm

By: News24Wire      15th April 2016 Billionaire Patrice Motsepe, along with two former Sanlam veterans, have officially launched a new money management firm called African Rainbow Capital (ARC). Motsepe, who is chairperson of ARC, together with joint chief executive officers Dr Johan van Zyl and Johan van der Merwe, unveiled the... 

Motsepe spells out difficulty of retaining mandatory BEE ownership in perpetuity  

By: Martin Creamer     16th March 2016 The difficulty companies have in preventing their mandatory black economic empowerment (BEE) ownership arrangements from unravelling when BEE shareholders sell out is highlighted by top South African business leader Patrice Motsepe’s personal experience of BEE undoing within his diversified... 

Motsepe calls on South Africans to come together to boost economy  

By: Martin Creamer     11th March 2016 Top South African business leader Patrice Motsepe on Friday made an impassioned plea to all South Africans, irrespective of political affiliation, to close ranks and focus on building an economy that is sufficiently strong to benefit the country’s entire population. Speaking at the presentation... 

Silicosis class action could spur reforms that usher in adequate, effective redress – lawyer 

By: David Oliveira     22nd January 2016 A decision by the South Gauteng High Court regarding the application for class action certification in the case of South African mineworkers who have contracted silicosis could have significant ramifications for the gold industry and fast-track much-needed legislative reforms to compensate... 

Motsepe Foundation provides R117m for schools sport, culture programmes 

By: David Oliveira     25th November 2015 The Motsepe Foundation has committed about R117.5-million to the Department of Basic Education (DBE) for sports and music development at schools across South Africa. Basic Education Minister Angie Motshekga received the donation from the foundation’s cofounder and JSE-listed mining firm African... 

Resources Watch  

By: Creamer Media Reporter      17th September 2015 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Sasol is ‘excited' by South Africa’s gas-to-power prospects. ARM declares a dividend despite the copper price blow. And, Kibo says Tanzania’s... 

ARM declares dividend, despite copper price blow, Lubambe trials 

By: Megan van Wyngaardt     4th September 2015 Despite the unfavourable copper price faced by diversified miner African Rainbow Minerals (ARM), the company has resolved to remain profitable, declaring a dividend for the year ended June 30, albeit a drop to 350c a share from the 600c a share reported in 2014. At ARM’s annual results... 

Assore earnings nose-dive amid weak iron, steel environment

By: Megan van Wyngaardt     26th August 2015 “Substantially” lower iron-ore and manganese prices and challenging operating conditions have contributed to JSE-listed Assore posting lower headline earnings and profit for the 2015 financial year. Headline earnings were down 53.3% to R2-billion, compared with R4.2-billion in the 2014 financial... 

Mining industry will overcome difficult times, says Motsepe

By: News24Wire      13th July 2015 South Africa can overcome its mining industry challenges, as long as global shareholders look at it as a competitive and a good industry to invest in, according to African Rainbow Minerals executive chairperson Patrice Motsepe. Speaking on CNN Marketplace Africa, Motsepe said the mining industry... 

Assore, ARM enter agreements for R450m Dwarsrivier sale

By: Natasha Odendaal     25th June 2015 Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint... 

Stick to two terms in office, Zuma tells African leaders 

By: Kim Cloete     4th June 2015 President Jacob Zuma says African leaders should keep their promises to serve only two terms in office. “If they’ve agreed on two terms, they need to respect that…This agreeing to do two terms and then suddenly realising ten years is too short, it’s a problem,” he told the opening plenary of the... 

Forum calls on African leaders to up their game 

By: Kim Cloete     4th June 2015 More than 500 business leaders attending the World Economic Forum on Africa in Cape Town have been challenged to invest in Africa in the wake of increasing competition from other regions. While Africa had experienced higher growth than many other regions in the world, it was not enough. 

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