Topic

Bank says Lonmin investors should reject Sibanye offer

By: Bloomberg 24th May 2019 Africa’s biggest bank said Lonmin investors should reject Sibanye-Stillwater's takeover offer as it undervalues the platinum miner’s assets by as much as R6.64-billion. While Sibanye’s offer equates to R11.60 a share, Lonmin’s value at current metal prices is 45% higher, Leroy Mnguni, an analyst... →

On-The-Air (24/05/2019)

24th May 2019 Researchers this week made a strong call to mining companies to stop sending people into deep underground mines and to use remote machinery instead. South African manganese is helping fuel cells to be more affordable, which will be a big boost for platinum. A greater sense of purpose is emerging... →

Applied Mineral Technologies

24th May 2019 Established in 2001, South African materials handling systems and processing plants construction company Applied Mineral Technologies (Amtec) has come a long way from being a consultancy to a fully fledged industrial construction company. Amtec specialises in civil, structural, mechanical, piping... →

Zimbabwe awards platinum concession to firm linked to Nigerian billionaire

By: Reuters 23rd May 2019 Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson... →

PIC goes to London for Lonmin decision

By: Bloomberg 23rd May 2019 South Africa's Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to pony up more cash for the platinum miner. When Lonmin shareholder votes are tallied next Tuesday at a meeting... →

Minerals Council welcomes safety improvements, but warns of continuing policy concerns

By: Nadine James 22nd May 2019 The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on Wednesday. Addressing the council's annual general meeting, he noted that appreciable improvements in the health and safety... →

Minerals Council welcomes Merafe Resources CEO as VP

By: Nadine James 22nd May 2019 The Minerals Council South Africa has added Merafe Resources CEO Zanela Matlala as a VP. This was announced at the council’s annual general meeting, on Wednesday, during which it was confirmed that Anglo American South Africa executive head Andile Sangqu and Sibanye-Stillwater CEO Neal Froneman... →

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters 22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... →

Young consumers, self-buying to boost platinum jewellery demand

By: Tasneem Bulbulia 22nd May 2019 Young consumers, men’s jewellery and female self-purchasing will build on platinum’s entrenched standing in bridal jewellery to drive future demand, Platinum Guild International (PGI) reports. The guild’s yearly ‘Platinum Jewellery Business Review’ surveys over 1 000 manufacturers and retailers,... →

Gordhan says mining firms must reverse job cuts

By: Bloomberg 22nd May 2019 South Africa’s mining companies must reverse recent decisions to cut jobs in the industry to help revive the economy and boost investor confidence, according to Public Enterprises Minister Pravin Gordhan. His comments come a day after Lonmin said it plans to cut 4 100 workers at platinum mines... →

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