JOHANNESBURG - Nigeria should be extremely focused on the strike at Implats, Northam Platinum CEO Glyn Lewis said at the weekend.

Lewis was speaking in response to a question on the media on the potential from the strike spreading from Implats to Northam, after he had reported a solid set of half-year brings about which Northam's earnings rose by a lofty 161% to R198.2-million.

As he confirmed that Northam was currently unaffected by Implats’ prolonged labour unrest, he ... Read More

JOHANNESBURG  - Diversified mining major Anglo American is starting your review of its platinum business, that is wracked by government safety stoppages.

Despite its platinum operating profit increasing to $890-million in the face of 81 safety stoppages, London analysts peppered Anglo American CEO Cynthia Carroll with questions on the turnaround plans for JSE-listed Anglo American Platinum (Amplats), which lost 109 000 oz of platinum to nonfatal Section 54 mine stoppages. ... Read More

JOHANNESBURG  - A higher level of security was needed at Impala Platinum’s strike-hit operations in Rustenburg to halt returning workers from being intimidated, Implats corporate relations executive Bob Gilmour said on Thursday.

Implats share price fell 3.66% to R158 a share prior to the JSE’s close, despite the company reporting a headline earnings rise of 67.8% to R3.47 billion within the six months to December 31.

With no end in sight on the month-long strike, ... Read More

JOHANNESBURG (miningweekly.com) - A platinum cost of more than $1 900/oz was needed to provide producers together with the incentive to invest the substantial capital instructed to maintain long-term production, Anglo American Platinum (Amplats) CEO Neville Nicolau said on Monday.

At price levels currently inside $1 600/oz range, there would be a gradual moving away from investing, which could mean a dropping off supply, Nicolau told Mining Weekly Online in a very video interview ... Read More

CAPE TOWN () - Gold major AngloGold Ashanti is to take firm technology steps to take care of South Africa as being a leading gold mining country.

The coherent three-step technology strategy aims at halving mining costs and making operations viable at depths beyond 5 000 m.

“We’re sold on that programme and most talking about it, we’ll possess a prototype operating at our Great Noligwa mine in 2014 to prove these concepts,” AngloGold CEO Mark Cutifani told the Mining ... Read More