Sylvania improves earnings despite laboured year

Despite a year marred by extensive industrial action in the platinum industry, Aim-listed Sylvania Platinum on Wednesday announced higher basic earnings a share of $2.29 for the six months ended December 31, 2012, from $0.15 a share in the...

Sylvania implements austerity measures, CEO takes pay cut

Platinum-group metals (PGM) producer Sylvania Platinum on Wednesday said that it was implementing a number of austerity measures as it worked to counter the impact of the illegal strikes that swept through the mining industry earlier this year....

Sylvania settles 2013 wages at average 11.4% increase

Aim-listed platinum-group metals (PGMs) producer Sylvania Platinum has concluded a wage deal at its Busheveld Igneous Complex western limb operations, including Mooinooi and Millsell, bringing to an end the wage negotiations for the 2013 financial...

Sylvania resumes operations at Mooinooi, Millsell

Aim-listed platinum-group metals (PGMs) producer Sylvania Platinum has resumed operations at its Mooinooi and Millsell plants. The company suspended operations on October 3, owing to industrial action at neighbouring mines in the Rustenburg area.

Sylvania, NUM reach wage deal at Eastern operations

London-listed platinum group metals producer Sylvania Platinum has reached a wage settlement with workers at its Eastern operations, including the Steelpoort, Doornbosch, Lannex and Tweefontein plants. Negotiations with the National Union of...

Sylvania misses 2012 production target, posts net loss

Junior miner Sylvania Platinum on Friday posted a net loss for the 2012 financial year, with revenue declining 14% and production falling short of its 60 000 oz-target. The company, which produces platinum group metals (PGMs) from tailings in...

Sylvania Platinum revises production outlook

Junior miner Sylvania Platinum, which produces platinum-group metals (PGMs) from tailings in South Africa, on Tuesday revised its production outlook, citing losses owing to strike action and the cessation of activities at its Chromite Tailings...

Sylvania shifts focus to low-cost tailings, cuts back on new projects

London-listed Sylvania Platinum on Monday announced it would shift its focus to its low-cost tailings retreatment businesses, while cutting back on work on new near surface mining projects. The company also announced that it had temporarily...

Sylvania says Tweefontein to start production by September

ASX- and Aim-listed Sylvania Platinum on Wednesday said that its Tweefontein project, located in the Steelpoort area, remained on track for its float plant to be completed by the end of August and that it would produce its first ounces in...

Sylvania says EIA study continues at Everest North

ASX- and Aim-listed Sylvania Platinum on Friday said that it remained optimistic about the extraction of relatively inexpensive Upper Group 2 ore from Aquarius Platinum’s Everest North deposit. Aquarius placed its Everest mine, in Mpumalanga,...

Sylvania lowers FY outlook as strikes, stoppages slow output

Aim-listed Sylvania Platinum said on Monday that severe weather conditions, neighbouring mine strike action and safety related stoppages at the Sylvania Dump Operations (SDO) and host mines severely impacted on its year-end production outlook....

Sylvania books profit, reports progress at tailings operations

ASX- and Aim-listed Sylvania Platinum on Wednesday reported a profit of $447 207 for the six months ended December 31, compared with a loss of $2.46-million for the same period in 2010. Revenue was up by 21% to $23.65-million, compared with the...