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Ivanhoe's Platreef Project Management Changes

Mines Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced today that Dr. Patricia Makhesha has been appointed Managing Director of Ivanhoe's subsidiary company that is advancing the development of the Platreef platinum-group elements, nickel, copper and gold project on the Northern Limb of South Africa's Bushveld Igneous Complex.

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Anglo American Platinum: Death of an Employee

Anglo American Platinum is saddened by the death of one of its employees, who died as a result of a clash which occurred when the South African Police Services (SAPS) was dispersing a group of protesting employees who had barricaded a road leading to Union mine with burning tyres and rocks on Friday, 7 February 2014.

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Anglo American Platinum: Return to profitability despite difficult Operating and Market Conditions

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.

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Great Western successfully produces Rare Earth Carbonate from Pilot Plant

  • Company finalizes flow sheet scheme to be used in SKK feasibility study

Great Western Minerals Group Ltd. (TSX.V: GWG / OTCQX: GWMGF), a leader in the manufacture and supply of rare earth element-based metals and metal alloys and holder of a low cost, high-grade critical rare earth asset, announced that it has completed a mini pilot plant test with its proposed process flow sheet with extremely successful results.

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Ivanhoe Mines to begin sinking bulk-sample shaft at its Platreef platinum-group metals, nickel, copper and gold project on South Africa's Bushveld Complex

- 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.

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AngloGold Ashanti employees return to work after two-year pay offer

AngloGold Ashanti confirms that it has made an offer to its unionised employees in South Africa, under the auspices of the gold industry’s collective bargaining framework, with the aim of reaching a two-year wage settlement.

The National Union of Mineworkers, Solidarity and UASA (United Association of South Africa) have indicated their members will accept the improved offer and employees, who had embarked on a strike from 3 September 2013 at the Vaal River Operations, have reported for work. The focus will be on a safe resumption of mining and ramp-up of production.

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Ivanplats changes its name to Ivanhoe Mines

  • New name reflects the company's commitment to development as a leading international multi-commodity mining company
  • New trading symbol to be IVN on Toronto Stock Exchange

Ivanplats (TSX: IVP) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced yesterday that the company has changed its name to Ivanhoe Mines Ltd. effective today. The trading symbol for the common shares of the renamed Ivanhoe Mines will be IVN on the Toronto Stock Exchange and is expected to be in effect for market open on Tuesday, September 3.

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AngloGold Ashanti takes prudent step to relax loan covenant

AngloGold Ashanti Limited has continued its strategy of proactively managing its balance sheet by reaching agreement with its two banking syndicates to temporarily relax the financial covenant on both of its revolving credit facilities (RCFs). This is purely a proactive step by the company providing it protection, if required, against volatile market and operating conditions.

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De Beers broadens empowerment scope in South Africa - Includes Diamond Trading Company South Africa

De Beers Consolidated Mines (DBCM) announced that it is continuing with the empowerment process the shareholders began in 2006, when Ponahalo Holdings acquired, in a broadly based empowerment (BEE) transaction, 26 per cent of DBCM.

The Company has reached an agreement with Ponahalo Holdings whereby DBCM’s offer for the Diamond Trading Company South Africa (DTC SA) has been accepted by The De Beers Group of Companies and that Ponahalo Holdings would therefore acquire 26 per cent of the DTC SA.

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Palabora Mining Company announcements

Palabora Mining Company Ltd. announces today:

  • Unconditionality of Rio Tinto Group  and Anglo South Africa Capital Proprietary Limited‘s binding agreement to sell their respective effective shareholdings in Palabora („rio tinto and anglo american divestment“);
  • Unconditionality of Palabora‘s broad-based black economic empowerment („bbbee“) transaction („bbbee transaction“);
  • notice of adoption of resolution to provide financial assistance; and
  • update to cautionary announcement.
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