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PGM SUPPLY: Amplats lowers production guidance for next three years

  • Date: 11-12-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

Anglo American Platinum (Amplats) on Tuesday said its production guidance would change from January 1, 2019, as Sibanye-Stillwater’s platinum group metals material would no longer be bought as concentrate, but toll treated, with the refined metal returned to Sibanye.

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PGM SUPPLY: Monchetundra now fully authorised

  • Date: 05-12-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

The office of Russian Prime Minister Dmitry Medvedev has official approved the mine permit for the Monchetundra platinum group metals (PGMs) and base metals mine, Aim-listed Eurasia Mining reported on Wednesday.

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PGM SUPPLY: Lonmin in talks to access Sibanye-Stillwater mining area to minimise capital costs

  • Date: 04-12-18
  • Category: PGM SUPPLY
  • Source: Mining MX

LONMIN was in discussions with Sibanye-Stillwater to mine through a farm fence in order to minimise its project costs, said BusinessLive citing Ben Magara, CEO of the London-listed firm which is the subject of a takeover from Sibanye-Stillwater. “We are in advanced discussions with Sibanye and the Department of Mineral Resources,” Magara told the publication. “We are spending some risk capital to get that project going,” he said of plans to mine laterally from its K3 shaft into Sibanye’s Siphum

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PGM SUPPLY: No. 2 Platinum Miner Mulls Purchases in Low-Cost Asset Shift

  • Date: 04-12-18
  • Category: PGM SUPPLY
  • Source: Bloomberg

Impala Platinum Holdings Ltd. said it’s open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa. The No. 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum Ltd., which is boosting output and profit after shifting to lower-cost operations.

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PGM SUPPLY: Lonmin reports a profit as takeover looms

  • Date: 29-11-18
  • Category: PGM SUPPLY
  • Source: Financial Times

An aggressive cost cutting and efficiency programme helped platinum producer Lonmin report its first annual pre-tax profit since 2013. The results come as the century old miner is set to be acquired by South African rival Sibyane-Stillwater in an all-stock transaction that is expected to close early next year.

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PGM SUPPLY: Tharisa, AMCU agree to two-year wage deal

  • Date: 27-11-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

JSE- and LSE-listed Tharisa has reached a two-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) at the Tharisa platinum group metals and chrome mine, near Rustenburg.

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PGM SUPPLY: Tribunal approves Sibanye, Lonmin merger; imposes 6-month moratorium on retrenchments

  • Date: 21-11-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

The Competition Tribunal on Wednesday approved the merger between Sibanye-Stillwater and Lonmin, with conditions. As part of its consent for the transaction, it imposed a six-month moratorium on retrenchments at the Lonmin operations.

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PGM SUPPLY: Tribunal approves Sibanye, Lonmin merger; imposes 6-month moratorium on retrenchments

  • Date: 21-11-18
  • Category: PGM SUPPLY
  • Source: Mining Weekly

The Competition Tribunal on Wednesday approved the merger between Sibanye-Stillwater and Lonmin, with conditions. As part of its consent for the transaction, it imposed a six-month moratorium on retrenchments at the Lonmin operations.

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