Platinum Australia and Jubilee mull merger

Embattled platinum miner Platinum Australia was in merger discussions with fellow South African miner Jubilee Platinum regarding a possible merger. Under the proposed merger, Jubilee would acquire all the ordinary shares on issue in Platinum...

Jubilee, Platinum Australia conclude toll agreement

Aim- and JSE-listed Jubilee has announced the conclusion of an agreement for the toll processing of Dilokong chrome mine platinum-bearing tailings using the concentrator at Platinum Australia’s Smokey Hills operation. Jubilee had an exclusive...

Jubilee inks toll processing MoU with Platinum Australia

Aim- and JSE-listed mine-to-metal specialist Jubilee on Tuesday said it had entered into an agreement for the toll processing of 800 000 t of Dilokong chrome mine platinum-bearing tailings using the concentrator at Platinum Australia’s Smokey...

Platinum Australia settles with disgruntled contractor

The administrators of embattled Platinum Australia this week reported that a settlement had been reached between the platinum miner’s subsidiary and mining contractor Redpath Mining. The dispute centered around an underground mining contract at...

Drowning Platinum Australia calls in administators

Embattled Platinum Australia has called in administrators after voluntarily suspending its shares from trading on the ASX. At the start of this week, the miner launched an “urgent review” into its South African Smokey Hills operation, as the...

Platinum Australia reviews Smokey Hills

ASX-listed Platinum Australia went into a trading halt on Monday on news that it was reviewing its Smokey Hills operation, in South Africa, in light of deteriorating operating conditions. In a statement to the ASX, Platinum Australia said that...

Panoramic buys WA project from Platinum Australia

ASX-listed Platinum Australia has sold its Panton platinum-group metals (PGM) project, in Western Australia, to fellow listed Panoramic Resources for A$5.25-million and a net smelter return of 0.5%. The project is estimated to contain a resource...

Owner-operator model proves winner for Smokey Hills

South Africa-focused Platinum Australia has reported an improvement in all areas of production at its Smokey Hills platinum mine since it switched from a contractor to owner-operator model at the start of this year. In January, Platinum Australia...

Platinum Australia moves to owner-operator at Smokey Hills

ASX-listed Platinum Australia is transitioning to an owner-operator model at its Smokey Hills mine in South Africa, the company reported on Thursday. Platinum Australia said an owner-operator model would place it in a stronger position to meet...

Platinum Australia reports marginal production increase

ASX-listed Platinum Australia on Monday reported that it produced 222 oz more of 4E platinum-group metals (PGMs), comprising platinum, rhodium, palladium and gold, despite losing about 20% of the available underground production days available to...

RBPlat says contract miner strike to impact production

South Africa’s black-owned Royal Bafokeng Platinum (RBPlat) said on Friday that prolonged industrial action at the Bafokeng Rasimone platinum mine, particularly its south shaft, would affect production. Workers employed by mining contractor JIC...

Smokey Hills workers go on strike

ASX-listed Platinum Australia’s embattled Smokey Hills operation has once again been thrust into the limelight as disgruntled contract workers started a protected industrial action on Monday. The strike, which affects all of mining contractor...