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AMCU laments ‘lack of consultation’ over Sibanye-Stillwater’s acquisition of Lonmin

By: Dylan Slater     15th December 2017 Trade union, the Association of Mineworkers and Construction Union (AMCU) has taken issue with the proposed all-share buyout of platinum miner Lonmin by Sibanye-Stillwater 

Amplats expects double-digit rise in FY17 earnings

By: Natasha Odendaal     15th December 2017 Cost reductions and an improved operational performance are expected to bolster earnings for the year ended December 31, by at least 20%, Anglo American Platinum (Amplats) said on Friday. In an update to shareholders, the company said headline earnings and headline earnings a share for 2017 would... 

Retention of jobs critical following Sibanye-Lonmin deal – Zwane

By: Reuters     15th December 2017 Retaining jobs has to be a priority following Sibanye-Stillwater's takeover of platinum producer Lonmin , the South African mining minister said on Thursday. "The stability and sustainability of the industry is key for the economy, and the creation and retention of jobs in this sector is a... 

Maintenance, construction projects along N1/N4 slated for 2018

By: Simone Liedtke     15th December 2017 The South African National Roads Agency Limited (Sanral) and private concessionaire the Bakwena Platinum Corridor Concessionaire will conduct several maintenance and construction projects along the South African N1/N4 toll road, in Gauteng and Limpopo, in 2018. 

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   

Sibanye-Stillwater to acquire embattled Lonmin, completes PGMs strategy

By: Mia Breytenbach     14th December 2017 Precious metals mining company Sibanye-Stillwater has made an all-share offer to acquire platinum group metals (PGMs) producer Lonmin. The offer values Lonmin at about £285-million, or R5.15-billion. 

Electronic waste at new high, squandering gold, other metals – study

By: Reuters     14th December 2017 Electronic waste rose to a record 45-million tonnes worldwide in 2016, squandering valuable metals such as gold and copper since few trashed televisions, cellphones or other products get recycled, a UN-backed study showed on Wednesday. Rising incomes and falling prices for everything from solar... 

Lonmin completes Pandora buyout

By: Dylan Slater     13th December 2017 Platinum group metals (PGMs) producer Lonmin has taken full ownership of the Pandora joint venture (JV), after having acquired platinum miner Anglo American Platinum’s (Amplats’) 42.5% stake and mining and investment exploration company Mvelaphanda Resources’ 7.5% interest in the JV 

Amplats makes progress in repositioning its portfolio

By: Dylan Slater     13th December 2017 Platinum miner Anglo American Platinum (Amplats) is making significant progress in repositioning its portfolio. This has, thus far, enabled the miner to move its production down the cost curve, thereby resulting in a more value enhancing portfolio. 

Gold inches up from near 5-month low ahead of Fed meeting

By: Reuters     12th December 2017 Gold was slightly higher on Tuesday, just up from its lowest in nearly five months in the previous session, and ahead of the start of a two-day US Federal Reserve meeting. Spot gold rose 0.2% to $1 244.30 an ounce by 03:50 GMT, after hitting its lowest since July 20 at $1240.10 on Monday. 

Lead project engineers appointed for Waterberg JV project

By: Creamer Media Reporter      11th December 2017 A technical committee appointed by Waterberg JV Resources, which holds the Waterberg platinum project, in South Africa, has appointed Stantec Consulting International and DRA Projects South Africa as lead independent project engineers. Stantec will focus on underground mining engineering and... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

     11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

Mine fatalities in South Africa rise first time in decade

By: Bloomberg     8th December 2017 For the first time in almost a decade, more people are dying in South African mines, the world’s deepest and among the most dangerous. There were 81 fatalities from January through November, according to data from the Chamber of Mines, an industry lobby group. Harmony Gold Mining Co. reported a... 

Platinum's discount to palladium hits 16-year-high

By: Reuters     8th December 2017 Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1 022.70 on Thursday, just off a 16-year high from last week, while platinum hit a... 

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 

Mining production sees 5.2% increase in October

By: Anine Kilian     7th December 2017 Mining production increased by 5.2% year-on-year in October 2017, according to the most recent findings from Statistics south Africa. The largest positive contributors were iron-ore, which contributed 2.4 percentage points and coal, which contributed 1.5 percentage points. 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

Eurasia plans to operate at least two openpits at West Kytlim in 2018

By: Mariaan Webb     5th December 2017 London-listed Eurasia Mining is considering bringing on board mining contractors to operate more than one openpit at the West Kytlim platinum and gold mine in the Ural mountains to mitigate the risk of a single operator. This comes as the contractor, RegionMetall, discontinued operations in... 

Creamer Media wows market with combined subscription offer

By: Creamer Media Reporter      4th December 2017 Creamer Media’s Research Channel Africa is a powerful information tool, providing real-time intelligence on industry and mining developments in Africa. Publishing Editor, Martin Creamer urges readers to “make a smart choice for 2018 and take up Creamer Media’s combined subscription offer”.  This... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Implats’ CFO migrates to CoAL

By: Natasha Odendaal     30th November 2017 Coal of Africa Limited (CoAL) has appointed Brenda Berlin CFO. She will succeed De Wet Schutte, who resigned as FD effective, November 30, to pursue personal endeavours. 

Tharisa posts record production, profit for full year

By: Megan van Wyngaardt     30th November 2017 JSE- and LSE-listed platinum group metals (PGMs) miner Tharisa Minerals on Thursday posted record results for the year ended September 30, with earnings before interest, taxes, depreciation and amortisation up 168.7% to $115.6-million. This was paired with a 266.7% rise in its headline earnings... 

PTM shifts focus to Waterberg project, debts

By: Megan van Wyngaardt     30th November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on... 

FLSmidth launches new, modular Reflux Classifier plant 

     30th November 2017 Minerals and cement industry equipment and services supplier FLSmidth has officially launched its modular Reflux Classifier plant, which is suitable for fines gravity separation applications. Mia Breytenbach has the details. 

Lonmin to cut social, discretionary spending to save cash

By: Reuters     30th November 2017 Troubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters. The South African miner, not for the first time, is facing an... 

Regulatory red tape to stifle Russia’s palladium growth

By: Megan van Wyngaardt     29th November 2017 Despite rising palladium prices, the Russian government will continue to exert tight control over the quantities of palladium supply exiting the country, research firm BMI said on Wednesday. The firm warned that this would not only restrict the palladium’s growth prospects, but with the country's... 

PIC wants Lonmin board seats, Johannesburg main listing

By: Reuters     29th November 2017 South Africa's Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017 and has suggested the platinum miner move its main listing to Johannesburg, its chief executive said. Lonmin, majority-owned by state-run PIC and listed in London since... 

Eastplats, HZT settle Crocodile River Mine dispute

By: Natasha Odendaal     24th November 2017 JSE- and TSX-listed Eastern Platinum (Eastplats) and China-based precious metals mining services provider Hebei Zhonghen Tianda Platinum (HZT) have reached a settlement agreement over the disputed 2016 Crocodile River Mine (CRM) share purchase agreement. The settlement terminates the share... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Way paved for PTM's disposal of platinum mine to Royal Bafokeng

By: Creamer Media Reporter      23rd November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Gold Fields invests R6m to boost mechanised mining skills

By: Nadine James     22nd November 2017 South African gold miner Gold Fields on Wednesday announced a R6-million, three-year partnership with the University of the Witwatersrand (Wits) to further academic knowledge in the field of mechanised mining and rock engineering in South Africa. Gold Fields CEO Nick Holland and Wits... 

Two South Africans shortlisted for engineering innovation prize

By: Megan van Wyngaardt     22nd November 2017 Two young South Africans are among the 16 engineers hailing from seven countries in Africa, who have been chosen for the shortlist of the prestigious Africa Prize for Engineering Innovation. University of the Witwatersrand chemical engineering research fellow Collins Saguru has developed AltMet,... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Implats CFO steps down

By: Natasha Odendaal     21st November 2017 JSE-listed Impala Platinum’s (Implats’) group CFO and executive director Brenda Berlin has resigned, effective February 28, 2018, to take‐up a new corporate role aligned to her current aspirations. Implats has initiated the process to identify a suitable successor to Berlin, who had joined... 

WPIC forecasts yet another platinum deficit in 2018

By: Megan van Wyngaardt     21st November 2017 A global platinum deficit of 275 000 oz is expected in 2018, further reducing the availability of above ground stocks of the metal, which have contributed about 2.5-million ounces in the last year, the World Platinum Investment Council (WPIC) said on Monday. “[This] represents the sixth year that... 

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