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PLATINUM

Zondereinde shaft 1 out of commission for up to six weeks following incident

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JSE-listed Northam Platinum’s Zondereinde mine No 1 shaft would be out of commission for up to six weeks, following an incident that occurred during routine maintenance work. The company explained that the incident occurred on Sunday, when a...
28th July 2014
 
 
PLATINUM

Two injured in Styldrift gas cylinder explosion

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Two employees of platinum miner Royal Bafokeng Platinum’s (RBPlat’s) Styldrift mine, in the North West, have been injured as a result of an acetylene gas cylinder explosion at the mine on Friday morning. RBPlat spokesperson Lindiwe...
25th July 2014
 
 
DIVERSIFIED MINERS

Anglo CEO backs Ramaphosa’s strike ballot comments

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The introduction of a strike ballot process as suggested by Deputy President Cyril Ramaphosa would be a great step forward for industrial relations in South Africa, Anglo American CEO Mark Cutifani said on Friday. Cutifani was responding to a...
25th July 2014
 
 
PLATINUM

Lonmin ops ramping up, normal levels expected by Q1 2015

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Platinum miner Lonmin, which is currently producing at 30% of normal monthly capacity following the end of the five-month-long strike by members of the Association of Mineworkers and Construction Union (AMCU), expects to increase output to 80% of...
25th July 2014
 
 
FINANCIAL RESULTS

Anglo delivers ‘pleasing’ results despite headwinds

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Mark Cutifani Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the...
25th July 2014
 
 
PLATINUM

Implats warns of lower EPS, HEPS

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Platinum miner Impala Platinum (Implats) on Thursday warned that its earnings a share (EPS) and headline earnings a share (HEPS)  for the 2014 financial year would be more than 20% lower than those of the prior year. The five-month strike by...
24th July 2014
 
 
PLATINUM GROUP METALS

Sylvania beats full-year output guidance, achieves Q4 record

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Sylvania CEO Terry McConnachie Low-cost platinum-group metals (PGM) processor Sylvania Platinum produced 53 808 oz of PGMs in the 2014 financial year, beating its forecast of 51 000 oz. Output for the year also represented a 22% increase on the 44 095 oz produced in the...
24th July 2014
 
 
LABOUR

Ramaphosa hints at labour reforms in wake of strikes

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Deputy President Cyril Ramaphosa South Africa should adjust labour laws so union members have to vote before striking, Deputy President Cyril Ramaphosa said on Thursday, suggesting the government may push ahead with reforms to curb damaging industrial action. The longest and...
24th July 2014
 
 
 
 
 
 
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