GOLD 1214.16 $/ozChange: -2.87
PLATINUM 1331.00 $/ozChange: -4.00
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R/€ exchange 14.31Change: 0.00
 
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PLATINUM

Lossmaking Bauba’s exploration drilling on hold, non-execs accept halved fee

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Bauba CEO Syd Caddy The exploration drilling activities of lossmaking JSE-listed platinum exploration company Bauba have been put on hold and nonexecutive directors are talking only half of their fees until the company has sufficient cash to pay them in full....
22nd September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

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The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader...
19th September 2014
 
 
INDUSTRIAL RELATIONS

Mineworker indebtedness a major worry post five-month strike

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AFTER-EFFECTS Mineworkers may now find themselves in a more detrimental financial position than before the five-month strike in the platinum sector  While mineworkers have resumed work on the platinum belt in the Rustenburg area generally pleased with the outcome of the wage agreements reached subsequent to the five-month-long protracted strike, what remains a worry is the present state of...
19th September 2014
 
 
HOUSING

RBPlat housing development provides home-ownership opportunities for mineworkers

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Waterkloof Estate Royal Bafokeng Platinum’s (RBPlat’s) employee home ownership scheme will give all RBPlat employees the opportunity to become homeowners, ushering out the use of single-sex hostels and unsanitary rented shacks that had become the normal...
17th September 2014
 
 
PLATINUM

Ramatlhodi welcomes completion of first RBPlat housing units

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Mineral Resources Minister Ngoako Ramatlhodi Mineral Resources Minister Advocate Ngoako Ramatlhodi on Tuesday welcomed the completion of the first phase of Royal Bafokeng Platinum’s (RBPlat’s) home ownership project in Rustenburg. “We commend this initiative, as it means that the...
16th September 2014
 
 
PRECIOUS METALS

Eskom passing its pressures on to gold producers – Pan African Video Available

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Pan African CEO Ron Holding State electricity utility Eskom is passing its power-interruption pressures on to midtier gold producers like Pan African Resources, which lost 11 days to both planned and unplanned Eskom power outages in the 12 months to June 30. “Eskom is...
16th September 2014
 
 
PLATINUM

Zimbabwe, Russia sign $3bn deal to develop platinum mine

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Zimbabwe and Russia on Tuesday signed a $3-billion deal to develop a platinum mine in Darwendale, targeting production of 250 000 oz/y within three years, a presentation by the Zimbabwean ministry of mines showed. The presentation said the mine...
16th September 2014
 
 
GOLD

Pan African gold earnings fall, maiden platinum profit, dividend proposed

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Pan African CEO Ron Holding The headline earnings a share of London Aim- andJSE-listed gold-mining company Pan African Resources fell on lower grade-hit gold earnings but platinum generated profitable cash for the first time.
16th September 2014
 
 
 
 
 
 
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