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PGM PRODUCERS: Concor Opencast Mining provides ‘seamless transition’ at Anglo’s Mogalakwena PGM mine

  • Date: 29-10-19
  • Category: PGM PRODUCERS
  • Source: International Mining

Contractor Concor Opencast Mining says it is helping Anglo American Platinum’s Mogalakwena open-pit platinum group metals (PGM) mine team, in South Africa, boost annual production.

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ESKOM: South Africa plans sweeping power sector reform as Eskom struggles

  • Date: 29-10-19
  • Category: ESKOM
  • Source: Reuters

PRETORIA (Reuters) - South Africa plans a sweeping overhaul of its power sector by breaking up loss-making state utility Eskom over the next three years and opening the industry up to more competition, a long-awaited government paper showed on Tuesday.

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PGM PRODUCERS: Wallbridge to work Lonmin’s Denison property

Lonmin Canada (Loncan), a subsidiary of Sibanye-Stillwater, has appointed Toronto’s Wallbridge Mining Co. to be the operator of the advanced stage Denison nickel-copper-PGM property near Sudbury. Wallbridge has received a 20% ownership share of Loncan and a seat on the Loncan board of directors as part of the arrangement.

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COBALT: Cobalt market to avoid shortage despite Congo mine closure: Nornickel

  • Date: 29-10-19
  • Category: COBALT
  • Source: Reuters

MOSCOW (Reuters) - Cobalt supply will remain robust despite a price slide that has already led to the closure of a major mine, Russia’s Norilsk Nickel said, as most is produced as a byproduct of more buoyant metals like nickel and copper.

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PGM PROJECTS: Noront raising $2.5 million for Ring of Fire

  • Date: 29-10-19
  • Category: PGM PROJECTS
  • Source: Resource World

Noront Resources Ltd. [NOT-TSXV] said Monday it has arranged a $2.5 million non-brokered private placement. It said proceeds with be used for exploration and development of the company’s Eagle’s Nest Project and chromite deposits in the Ring of Fire mineral district in northern Ontario

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ACQUISITIONS: Northam buys Maroelabult mine in bid to create synergies

  • Date: 29-10-19
  • Category: ACQUISITIONS
  • Source: Business Live

Northam Platinum will spend R20m to buy the mothballed Maroelabult mine to “considerably accelerate” bringing its Eland operation into production, CEO Paul Dunne says.

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PGM PROJECTS: Darwendale platinum project set for next year

Construction work on Great Dyke Investments (GDI)’s Darwendale platinum development project will start in the second quarter of 2020, a senior official with one of the major shareholders, Russia’s Vi Holdings, has said. Vi Holdings, through its JSC Afromet subsidiary, owns half the shares in GDI, while Zimbabwe’s Landela Mining Venture (Pvt) Ltd owns the rest.

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SOUTH AFRICA: Water restrictions hit PGM belt

JOHANNESBURG - South Africa's platinum producers have been asked to reduce water usage, following restrictions that were implemented by the Rustenburg Municipality in the North West this month.

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