Anglo American announces that its Unki platinum mine in Zimbabwe is the first to publicly commit to be independently audited against the Initiative for Responsible Mining Assurance’s (IRMA) ‘Standard for Responsible Mining’.
Heraeus, one of the world’s largest recyclers of reforming catalyst, has opened a new facility in India to recover precious metals from spent petroleum catalysts. The new site in Udaipur/Rajasthan will be operated by the German-Indian joint venture “Ravindra Heraeus” and will offer India’s petrochemical industry more capacity and state-of-the-art technology to recycle Platinum and Palladium in the country.
Ivanhoe Mines (TSX: IVN) today announced its financial results for the year ended December 31, 2015.
Total of US$530 million in cash and future payment to be available to Ivanhoe Mines to advance its tier one copper, platinum and zinc projects
PolyMet Mining Corp. TSX: POM; NYSE MKT: PLM reported that the NorthMet Final Environmental Impact Statement has been completed and will be posted to the Minnesota Department of Natural Resources. The Final EIS demonstrates that PolyMet can mine and process copper, nickel and platinum group metals in a manner that complies with the law, protects the environment and creates hundreds of high-paying jobs in northern Minnesota while creating value for shareholders.
- Q3 2015 production increased by 2% (on a copper equivalent basis) compared to Q3 2014 and by 3% compared to Q2 2015.
- Iron ore production from Kumba decreased by 12% to 11.4 million tonnes due to a temporary lack of sufficient exposed high quality ore for blending purposes at Sishen and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.
- Minas-Rio produced 2.9 million tonnes (wet basis) of iron ore, a 60% increase compared to Q2 2015, reflecting the ongoing ramp up of the operation.
- Export metallurgical coal production increased by 8% to 5.5 million tonnes, driven by productivity improvements at Grasstree, which more than offset the loss of production from Peace River Coal being placed on care and maintenance in December 2014.
30+ Year Mine Life Project outlined with Hydro Power Potential
Executive Chairman Robert Friedland today announced the appointment of Livia Mahler as a non-executive, independent member of the company's Board of Directors, effective immediately. Ms. Mahler's appointment increases the number of directors to 10.
Zijin Mining to invest approximately C$105 million to help advance Ivanhoe's three mine-development projects in southern Africa
Ivanhoe Mines Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced that the total workforce engaged on development of the company's Platreef Project on the Bushveld's Northern Limb, in Limpopo province, now exceeds 650 men and women. More than 500 of the jobs, representing 78% of the total workforce, are held by residents of the local Mokopane area.
Lonmin Plc, one of the world's largest primary Platinum producers, publishes its Final Results for the year ended 30 September 2014.
Anglo American Platinum Limited's announced its results for the six months ended 30 June 2014. Anglo American Platinum Limited reported headline earnings of R157 million.
Anglo American Platinum Limited announces today that it has signed a 3-year wage agreement with the Association of Mineworkers and Construction Union (AMCU), the terms of which take effect retrospectively, from 1 July 2013.
Anglo American Platinum Limited yesterday reported a return to profitability with an operating profit of R2.0 billion for the 12 months to December 2013, up from last year’s loss of R6.33 billion. Revenue increased by 22% to R52.4billion, driven by higher sales volumes and the impact of the weakening Rand/USD exchange rate. Headline earnings increased to R1.5 billion from the loss of R1.5 billion incurred in 2012.
- Kumba Iron Ore production increased by 25% to 11.3 Mt following the strike in Q4 2012
- Export metallurgical coal production increased by 3% to 4.7 Mt due to sustained longwall productivity improvements
- Export thermal coal production increased by 8% to 7.9 Mt. Export thermal coal production from South Africa decreased by 1% to 4.6 Mt. Cerrejón production increased by 24% to 3.3 Mt, maintaining the strong recovery following the strike in Q1 2013
- Copper production(1) increased by 24% to a record 214,400 tonnes, driven by continued strong performance at Los Bronces, and higher grades at Collahuasi
- Nickel(2) production increased by 38% to 10,200 tonnes. Higher production at Barro Alto was driven by improved operational stability of the furnaces
- Niobium production increased by 20% to 1,200 tonnes, reflecting operational improvements at the plants and higher grades
- Fertiliser production increased 2% due to increased plant availability
- Platinum equivalent refined production increased by 25% to 520,300 ounces as a result of an increase in production from Mogalakwena, and the normalisation of production at Rustenburg (Bathopele, Siphumelele and Thembelani), Amandelbult (Dishaba and Tumela) and Union mines that were impacted by the illegal industrial action in 2012
- The restructuring of Platinum has commenced with baseline production of 2.2 - 2.4 million ounces per annum, with 250,000 annualised low margin, high cost, and unprofitable ounces no longer in production
- Diamond production increased by 13% to 9.1 million carats, primarily due to increased output from Jwaneng following the recovery after the slope failure in June 2012, together with higher grades at Orapa and Venetia
The Production Report for the fourth quarter ended 31 December 2013 is unaudited. Preliminary Results for the full year to 31 December 2013 will be announced on 14 February 2014.
(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit
Anglo American Platinum confirms that approximately 2,300 employees staged an underground sit-in at its Dishaba Mine from 5am on Saturday 9 November. All employees were brought safely to surface on Sunday night 10 November. No production has been lost as this was a “make safe” shift following a DMR Section 54 notice served on the mine.
Impala Platinum Holdings Limited (Implats) has announced results for the full year ended 30 June 2013 yesterday.
Implats’ CEO, Terence Goodlace commented, “It has been a good year for the group from a safety improvement perspective. However, it has been a challenging one in terms of operational performance at Impala Rustenburg, a changing workforce dynamic and weak market prices.”
- Shaft that will provide access to underground Flatreef Discovery has been approved by Department of Mineral Resources
- Aveng Mining working as shaft-sinking contractor
Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN) (formerly Ivanplats, TSX: IVP), and Lars-Eric Johansson, Chief Executive Officer, yesterday announced that the company is proceeding with the sinking of a bulk-sample shaft to access the underground Flatreef platinum, palladium, nickel, copper, gold and rhodium discovery at its Platreef Project in South Africa's Bushveld Complex.