Atlatsa narrows Q1 loss as production normalises

Triple-listed platinum group metals (PGMs) miner Atlatsa Resources has narrowed its 2013 first-quarter net loss to C$4.6-million, an 88.8% improvement on the C$41.27-million loss recorded in the first quarter of 2012. This was mainly as a result...

FULLY CHINESE FUNDED

The China Development Bank provided loan finance of $650-million for the development of Wesizwe Platinum’s Bakubung mine-and-concentrator-plant project in South Africa's North West province. Construction of the 86 m-high headgear, on the western...

Bakubung platinum-group metals mine project, South Africa

Wesizwe continues to advance the development of its flagship Bakubung mine, with the headgear construction about three-quarters complete.

Headgear manufacturer to complete contract in May

Springs-based steelwork fabricator and erector Louwill Engineering will complete the construction of an 82-m-high conventional steel headgear for Chinese-owned Wesizwe Platinum’s new shaft development, south of the Pilanesberg nature reserve, in...

Sable Platinum buys 4% stake in Global Initiatives for $4m

Platinum exploration company Sable Platinum on Thursday said it had entered into an agreement to acquire a 4% equity interest in Botswana-based mining company Global Initiatives for $4-million. In terms of the agreement with Global’s executive...

Platinum sector fundamentals ‘right’ – Magara

Platinum-group metals were the catalyst to a better world and conditions within the platinum mining sector would improve, incoming Lonmin CEO Ben Magara has told Mining Weekly Online. The current Anglo American Platinum (Amplats) executive head...

Railway contractor undertakes various underground projects

Railway and civil engineering contractor Flint Construction, a division of the First Tech group of companies, aims to complete the refurbishment of the existing railway infrastructure at 7 Level of junior platinum miner Atlatsa Resources’ Bokoni...

Bokoni strike contributes to Atlatsa’s $18.7m 2012 operating loss

Toronto- and New York-listed Atlatsa Resources Corporation recorded an operating loss attributable to shareholders of $18.7-million, translating into a basic and diluted loss of 4c a share, for the 2012 financial year. This was in large part owing...

Sylvania moves to ‘make up’ 900 oz production loss

Platinum-group metals producer Sylvania Platinum on Tuesday said it was reviewing strategies to make up the loss of 900 oz of platinum production following two Section 54 stoppages at Samancor’s operations in February. Following an underground...

Bakubung platinum-group metals mine project, South Africa

Construction of the project is on schedule and within budget.

Impala No 16 Shaft project, South Africa

The build-up to full throughput of 185 000 oz of platinum will be achieved in the 2018 financial year.

Impala No 16 Shaft project, South Africa

Shaft equipping at 16 Shaft is in progress.