Home News PGMs Page 171

PGMs

AngloPlat finally converts its mining rights

Anglo Platinum has at last achieved conversion to new order mining rights for all its mines which should ease investor concerns over the relationship between the group and the government.

AngloPlat forecasts rising production

Anglo Platinum remains upbeat on the recovery in the platinum market looking to produce 2.5m oz this year and forecasting the platinum price will stay above $1,500/oz during the remainder of 2010.

Eastplats lifts output despite dismissals

Eastern Platinum dismissed 15 contract stoping crews in May but still managed to keep production in the period on an even keel quarter-on-quarter.

Lonmin to meet platinum sales target

Lonmin will meet its forecast of selling 700,000 oz of platinum in the year to September but at an additional cost of $17.5m because some 20,000 oz of platinum will be toll-smelted by a competitor.

Marikana yields higher output for Lonmin

Lonmin said third quarter output from its Marikana underground operations yielded a 10.2% increase compared to the same period last year.

Platinum juniors take a beating

Platinum juniors and explorers are getting battered by current volatile market conditions with Wesizwe Platinum and Platinum Group Metals amongst the worst affected.

Northam halts ops at Zondereinde after accident

Northam Platinum says it has halted production at its Zondereinde mine in Rustenburg after two miners were killed, the latest in a spate of accidents.

Aquarius shares recover after DMR meeting

Shares in Aquarius Platinum, the world's fourth-largest platinum producer, have risen more than 15% following the company's reassurances that it had a say in how it improved safety at its mines.

DMR backs down on Aquarius

The Department of Mineral Resources has backed away from its draconian safety directive to Aquarius Platinum which will continue standard mechanised mining operations while striving for better safety.

Aquarius Platinum shares plunge

Shares in Aquarius Platinum dropped sharply in early trading on the JSE on Monday morning in response to the stringent safety directive slapped on the company by the Department of Mineral Resources.