Home News Platinum Page 126

Platinum

Ex-Nkwe CEO dies in Congo plane crash

Craig Oliver, well remembered in SA mining circles from his time as Nkwe Platinum CEO, has been killed in a plane crash in the Republic of Congo.

Northam hikes Booysendal capex

Northam Platinum has increased its capital expenditure estimates for its flagship Booysendal project to R3.6bn.

Bakubung used funds for microlender

About half of the R700m raised as the Bakubung nation's Wesizwe Platinum shares was invested in microlender Mafori Capital, it has been confirmed.

Eastplats considers expansion options

Eastern Platinum is looking again at how it could develop the various expansion projects it controls on the Eastern Limb of the platinum-bearing Bushveld Complex.

Eastplats can increase production

Eastern Platinum, South Africa's sixth-largest platinum group metals producer, says the company has the potential to increase its production to 600 000 ounces per annum.

Jubilee advances platinum plant plans

Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector.

Nkwe sets JSE date, awaits Xstrata decision

Nkwe optimises a bankable study into a R6.5bn-R8.3bn platinum project ahead of a listing on the JSE and Hong Kong. Xstrata must decide if it wants to earn into the project and shoulder the costs.

Implats output unaffected by work stoppage

Impala Platinum says its production remains unaffected by a work stoppage at its 12 Shaft operation in Rustenburg.

Wesizwe secures R6.6bn Chinese funding

Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe.

Lonmin extends main furnace shut down

Lonmin is to step up toll-treatment arrangments after it extended the month-long shut down of its Number One furnace by up to 30 extra days after earlier repairs failed.