The miners were stuck in the Beatrix gold mine, near the central city of Welkom, for around 30 hours after a massive power outage caused by a storm
File Photo: A haul truck is seen at the Mogalakwena platinum mine in Mokopane, Limpopo province, South Africa. REUTERS/Siphiwe Sibeko. That needs to be resolved first and unfortunately, it is very much in the limelight now. And unless we have clarity on that, to just make lovely promises at the Indaba
Jihlava, South Moravia, Feb 3 (CTK) - Experts from the Jihlava-based GEOMIN firm examined the gold and platinum mining's impact in western Colombia last year as a step to help Czech firms offer better technologies for the mining which is unfriendly to nature, ineffective and often illegal, GEOMIN's Jiri
NORTHAM Platinum said it was "well advanced" in developing its mine plan for Eland Platinum, the purchase of which from Glencore was made unconditional today. Previously earmarked for care and maintenance until the platinum price revived, the company is now giving mind to its possible early
An independent, fully empowered, mid-tier integrated PGM producer in South Africa has completed the R175m acquisition of a significant platinum mine. Northam Platinum, through its strategy of acquiring new mines to advance its PGM portfolio across South Africa, has officially finalised the acquisition of
Silver is forecast to increase by 4% in 2018 to average $17.81 an ounce. Forecasters are bullish about the prospects for platinum which is predicted to add 3.1% on average while high-flying palladium - last year's best performing precious metal alongside rhodium, will ease back to $1,080 during the year,
The miners were stuck in the Beatrix gold mine, in the small town of Theunissen near the city of Welkom, for around 30 hours after a massive power outage
The revision now only restricts the 51% local ownership to diamond and platinum mining. ACF national project director and Moti Group chief executive officer, Ashruf Kaka will provide a first-hand account of positive experiences of a corporation investing in Zimbabwe. "There can be no better time than now
"The most important phase in developing a deep underground mine with vertical shafts is equipping and commissioning the shafts to hoist - and we have successfully achieved that within the required timeframe," says Ryan Illingworth, WorleyParsons RSA's Project Director for the Bakubung platinum mine
Involving four platinum mines, the local development thrust of the project now addresses beneficiaries defined as anyone within a defined area encompassing the mine neighbourhood - including even those groups that have been resettled beyond the 'benefit area' as a result of mining. Moreover
WallStEquities.com has selected the following stocks for observation: Platinum Group Metals Ltd (NYSE AMER: PLG), Polymet Mining Corp. (NYSE AMER: PLM), SRC Energy Inc. (NYSE AMER: SRCI), and Uranium Energy Corp. (NYSE AMER: UEC). These companies are part of the Industrial Metals and
South African miners are having to go deeper in ageing shafts to access additional ore in a country that's been mined commercially for over a century. Most miners killed this year labored in gold and platinum mines, which can extend more than 2 miles (3 kilometers) underground. They accounted for 57 of 73 deaths in 2016,
Under the land that belongs to the Bakgatla Ba Kgafela lie the richest platinum deposits on Earth. But a toxic alliance between government, traditional chieftaincy and major mining houses has stood between the community and its wealth. Could this be the largest state-sanctioned, business-perpetrated
Platinum group metal sales rose 73 percent to 170,724 ounces. The company said it was still in talks with the government, which last year filed a court application to enforce a previous notice to seize more than half of Zimplats' mining land. Zimplats said it was also negotiating with the Harare authorities
Finding a pure-play miner in the platinum metals group traded on a major U.S. exchange is actually rather difficult since Stillwater Mining Company was bought by Sibanye Gold Ltd in early 2017 to become Sibanye-Stillwater. But that doesn't mean you can't work the precious metal into your portfolio
Chrome and platinum group metals miner Tharisa will decide later in 2018 whether to proceed with two projects worth R600m to lift production by a quarter in coming years. Both projects are the subject of feasibility studies and if approved, the two new plants at the mine near Rustenburg will contribute
South African firm Anglo American Platinum has met all required criteria regarding the sale of its interest in Union Mine and MASA Chrome Company to a subsidiary of Siyanda Resources. In February last year, Anglo American Platinum subsidiary Rustenburg Platinum Mines entered a sale and purchase
Northam will operate Eland Platinum on a fully integrated mine to market basis. PGM concentrate produced at Eland mine will be processed at Northam's Zondereinde smelter complex. "Northam is well advanced in developing its mine plan for Eland and is looking forward to recommissioning the mine to
Gold Fields said today it had sold Arctic Platinum to a Finnish subsidiary of private equity fund CD Capital Natural Resources Fund III (CD Capital), headquartered in London, for $40m. The purchase price comprises $40m in cash and a 2% net smelter return royalty on all metals produced should the mine
Anglo has undergone a process to sell assets deemed noncore and this has included deep-level platinum mines owned by its 80% held subsidiary Anglo American Platinum, the last of which was the Union mine it handed over last week. The latest coal disposal included the New Largo thermal coal project