Author: Mpinane Senkhane

Protests near Amplats’ mine not hitting output-company

Community protests near the Mogalakwena mine operated by South Africa’s Anglo American Platinum have not affected production despite the fact that most employees have been prevented from getting to work, the company said on Wednesday. “The protests are not affecting production. But we are operating with a skeletal staff because the roads are being blocked,” Amplats’ spokeswoman Mpumi Sithole said. She said the protestors were demanding jobs and the company was “engaging with the communities to try and reach a resolution.” In the first six months of this year, Mogalakwena, in South Africa’s northern Limpopo province, produced just over...

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Platfields engaging in talks to sell assets

The directors of precious metals explorer Platfields Limited have advised that the company remains suspended due to the requirement to finalise and publish interim results for the six months ended 31 August 2013 and 31 August 2014, the years ended 28 February 2014 and 28 February 2015. The company said cash flow constraints remaineda problem and have negatively impacted the company’s ability to finalise and publish its results. Platfields has been through a very difficult period, with attempts to secure additional funding for the group being unsuccessful to date due, inter alia, the difficult situation in the platinum industry....

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Coal producers raise wage offer to unions

South African coal producers have raised their wage offer to unions, a spokeswoman for the chamber of mines, which negotiates on behalf of the industry, said on Wednesday. The talks come at a time when producers are closing some shafts in the wake of softer coal prices. South Africa’s President Jacob Zuma held talks with mining companies on Tuesday to try to save jobs in the industry which contributes about 7 per cent to GDP and is being hit hard by weak commodity prices and power constraints. The spokeswoman for the chamber could not provide any further details about...

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Breaking News: Sibanye buys Amplats’ Rustenburg platinum mines for R4.5billion

Sibanye Gold has announced the acquisition of the Rustenburg Operations from Anglo American Platinum Limited (Amplats) for an upfront consideration of R1.5 billion in cash or shares and a deferred consideration equal to 35% of the distributable free cash flows generated by the Rustenburg operations over a six year period, subject to a minimum nominal payment of R3 billion. The company said should there still be an outstanding balance at the end of the six year period, Sibanye has the option to elect to extend the period by a further two years. Any remaining balance at the end of...

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Visions for challenging assets in the South African coal sector

The southern African coal industry is facing the reality that coal reserves are becoming deeper and harder to mine than before. Alternative visions need to be considered to offset the impact of these challenges on productivity, cost, and profitability. One of the main challenges is to maintain current production levels under more difficult conditions, and improve productivity where conditions allow. There is a need to move from the reactive event-based management system towards the more adaptable and flexible process-based management system. This paper focuses on underground coal mining, but the principles are also applicable to other commodities and mining methods. This paper is based on research undertaken by the personnel from Mining Consultancy Services Pty Ltd(MCS) on trends in the underground coal mining sector, as well as practical experience over a period of 16 years in the field of electronic monitoring of mining machinery and productivity optimization. Read more...

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