DMR commissions platinum task team
The Department of Mineral Resources will convene a task team to look into the
challenges facing beleaguered platinum miners.
Aquarius “back in the black by 2014’
Aquarius Platinum, which shut down its Marikana shaft earlier this week, will
only return to profitability by 2014, according to an analyst report.
Nkwe has IDC “in sights’ for R6bn Garatau project
The Australian-listed platinum firm says low cost nature of mine will help attract
investors despite harrowing times for the platinum industry.
Jubilee bags chrome resources
Jubilee Platinum wins the right to retreat platinum group element tailings on the
Dilokong mine, hailed by the firm as a major advance in its strategy.
Govt to test platinum lifeboat options
Amid another platinum mine closure, the South African government says it is
studying options for intervening in the sector in an effort to help save jobs.
Village looks for Lesego partner
Village Main Reef says it is looking for a partner to advance its sole platinum
asset as a pre-feasibility study shows a possible return rate of 18% for the
asset.
Aquarius cutback “too small to notice’
The platinum price will only respond to supply cutbacks once the major PGM
producers embark on shaft closures, says analysts.
Amcu ranks swell to 20,000, turns to Amplats
The Associated Mineworkers and Construction Union (Amcu) said it had a majority
at Impala, organisational rights at Lonmin, and had been asked by Amplats mines
to canvass for support there.
Nkwe Platinum says Garatau ‘meets parameters’
Garatau, an eastern bushveld project owned by Nkwe Platinum had met
expectations, according to project owner Nkwe Platinum.
Eastplats shutters project amid Pt margin pain
The tough conditions of the platinum market claimed its first big victim after
Eastern Platinum put its Mareesburg and Kennedy’s Vale Concentrator
project on ice.