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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
 
 
PLATINUM

Higher PGM prices needed for Aquarius to offset wage hikes – analysts

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Strong operational results and marginal cash cost increases during the quarter ended June 30 had kept Aquarius Platinum broadly cash neutral; however, the platinum group metals (PGM) price basket would need to rise for the dual-listed group to...
24th July 2014
 
 
MINING SERVICES

Mining project studies on the increase – DRA Video Available

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The awarding of studies for potential mining projects is on the increase, says DRA CEO Paul Thomson, who spoke to Mining Weekly Online on the eve of his company’s thirtieth anniversary celebrations. The head of the 3 000-employee project house,...
24th July 2014
 
 
PALLADIUM

PTM appoints DRA Mineral Projects as ‘qualified person’ for Waterberg PFS

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TSX- and NYSE-listed Platinum Group Metals (PTM) on Tuesday awarded the ‘independent qualified person’ role for the ongoing Waterberg prefeasibility study to South Africa-based global engineering firm DRA Mineral Projects. “We are very...
22nd July 2014
 
 
PLATINUM

PTM eyes Waterberg JV prefeasibility study

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Platinum Group Metals (PTM) this week tabled its timeline for the delivery of the Waterberg Joint Venture (JV) project, located within the Bushveld Igneous Complex, indicating that production would likely start in 2018. Following the conclusion in...
22nd July 2014
 
 
PLATINUM

Beamish appointment as Lonmin chair made permanent

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Platinum miner Lonmin has permanently appointed Brian Beamish as chairperson. Beamish took on the role of interim chairperson on May 1, following the resignation of former chairperson Roger Phillimore.
22nd July 2014
 
 
 
 
 
 
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