Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.
A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in their desperate attempt to protect their own businesses from China’s burgeoning chrome refiners.
OZ MINERALS announced plans yesterday to sell off its gold assets in Cambodia, closing a controversial chapter for the company that was forced to deny allegations of impropriety last year in relation to this business.
Xstrata, the diversified mining group, has withdrawn its proposed employee share ownership programme, the National Union of Mineworkers (NUM) said on Wednesday. Lesiba Seshoka, spokesperson for the union, said Xstrata had written a letter of withdrawal...
POWER utility Eskom yesterday signed a long-term contract with Russian state uranium trader Tenex to supply enriched uranium, according to the head of Russia’s state nuclear corporation, Rosatom, which owns Tenex. Low-enriched uranium is used as fuel
