
World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations
Police arrested at least 350 people after deadly violence during an illegal strike at the world’s largest platinum mine run by South Africa’s Impala Platinum, a senior officer said Sunday.
VANCOUVER, Feb. 15, 2012 /CNW/ – Anooraq Resources Corporation (“Anooraq” or the “Company”) (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) announces with deep regret that an employee was fatally injured at the
Brazillian miner Vale SA said Tuesday it is gradually resuming mining at its underground nickel operations in Sudbury, Canada.
Discussed in depth in our forthcoming March 2012 issue, the use of rail in underground mining is still widespread. It is also not standing still in terms of new technology. Vehicle Projects of Golden, Colorado and Anglo American Platinum in South Africa are collaborating on a project to build five fuel cell mine locomotives to be demonstrated in mid-2012 at Amplats’s Dishaba underground mine in Limpopo province, South Africa.
Anglo Platinum, the world’s number one platinum producer, suffered more than 80 safety-related work stoppages including 12 fatalities, that resulted in lower output and a drop in profits of over 60% in 2011.
President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa’s massive mining sector, saying state control or ownership of the mines in the world’s biggest platinum producer could not work.
With the gap between platinum and gold prices narrowing is now the time to invest in platinum ETFs. Article looks at some of the ETF options available.
Platinum miners in South Africa have 20 days to provide ideas on lapsed and revoked mineral rights as the government looks to drive forward exploration in the country, reports Mining Weekly.
The South African government has quashed persistent rumours about nationalizing the country’s mining industry.
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According to South Africa’s National Planning Minister, Trevor Manuel, the country will not be hitting mining companies with any surprise new taxes.
South Africa’s ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and “targeted interventions” in the sector, particularly platinum mines.
After marching steadily higher early in the week, gold and silver saw their biggest one-day losses in more than a month on Friday as hopes for more Fed money printing were dashed after the better-than-expected labor report.
The stresses that have afflicted South Africa’s platinum miners for the best part of a year appear to be coming to a head.
Treasure hunters are working to recover cargo on a World War II merchant ship, which was sunk by German u-boats just off Boston, that was carrying 71.4 tons of platinum, estimated to be worth $2.5 to $3 billion.
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