Orion looks for possible Northern Cape smelter synergies with Vedanta

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Orion Minerals’ planned Prieska copper and zinc mine in the northern Cape could in the longer term explore smelting synergies with Vedanta Resources’ Black Mountain Complex, Orion’s chief operating officer Walter Shamu said on Thursday. Orion, which filed its applications for a mining right in April and is targeting completion of a bankable feasibility study… Read More

SA mines minister defends coal industry and slams high power tariffs

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Minister of Mineral Resources Gwede Mantashe  defended South Africa’s coal producers and criticised the country’s high electricity tariffs yesterday (Wednesday) taking a swipe at South Africa’s Integrated Resource Plan (IRP) in the process. He was speaking at the Council for Scientific and Industrial Research (CSIR) in Pretoria at a function held by the Mapungubwe Institute… Read More

Embattled platinum junior Atlatsa Resources to be delisted

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Atlatsa Resources is to delist in the latest development in the restructuring of South Africa’s platinum mining industry but Impala Platinum has received a boost with the news  that major financial institution BlackRock has increased its stake in the group to 5.13%. Impala Platinum (Implats) shares have been on a roll over the past two… Read More

WPIC teams up with China retailer as seeks platinum bar sales

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THE World Platinum Investment Council (WPIC) has teamed up with precious metals retail firm Shenzhen Hengfu Yingjia (Hengfu) to sell platinum bars in China and develop the physical platinum investment market in South China. In terms of the agreement investment grade platinum bars – minted by the Swiss Metalor Group and available in sizes of… Read More

UK gives green light to Sibanye-Stillwater, Lonmin transaction

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THE proposed merger of the platinum operations owned by Sibanye-Stillwater with Lonmin received another important approval today after the UK’s Competition and Markets Authority (CMA) unconditionally gave its support to the transaction. All that is required now for the combination is approval by shareholders in Sibanye-Stillwater and Lonmin, as well as the South African competition… Read More

Vanadium producer Bushveld Minerals blasts off

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The share price of Bushveld Minerals – the London-listed junior miner which operates the Vametco vanadium mine in South Africa – has more than doubled since mid -March and Bushveld’s March quarter report shows why. Bushveld shares have soared from 8.55p on March 12 to 20.3p currently pushing the group’s market capitalisation to £216m equivalent… Read More

SA platinum miners “dysfunctional” says JP Morgan

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South Africa’s platinum miners resemble a “dysfunctional oligopoly” and are currently increasing supply despite depressed platinum prices with no meaningful improvement in the situation expected until 2020. That’s the view of JP Morgan Cazenove in its latest review of the SA platinum sector which singles out Impala Platinum (Implats) as being the “most vulnerable” producer… Read More

Froneman warns Lonmin deal is off should it fail cost out targets

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NEAL Froneman warned Ben Magara’s Lonmin that failing to deliver on the platinum firm’s restructuring plans would see the withdrawal of Sibanye-Stillwater’s R5.1bn all share offer, the company of which he is CEO. “There’s a huge onus on [Lonmin] management not to get themselves in a black hole because we cannot ask our shareholders to… Read More

Mike Salamon, former Gencor, BHP executive passes away

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FORMER Gencor and BHP Billiton executive Miklos (Mike) Salamon passed away earlier this month, according to an announcement on October 25 by GEM Diamonds of which he was independent non-executive director. He had been battling cancer for several years. “Mr Salamon had served on the coard since 2008 and made an invaluable contribution,” said GEM.… Read More