Rustenburg, South Africa
Rustenburg, South Africa Newswire (Page 8)

Rustenburg, South Africa Newswire (Page 8)

Comprehensive Real-Time News Feed for Rustenburg, South Africa. (Page 8)

Results 141 - 160 of 212 in Rustenburg, South Africa

  1. Why the SSA is after Amcu's leaderRead the original story w/Photo

    Mar 12, 2015 | Mail & Guardian

    The State Security Agency has been spying on the leader of the already paranoid Association of Mineworkers and Construction Union, Joseph Mathunjwa. The Association of Mineworkers and Construction Union was already troubled by personality clashes, regional disputes and rumours of attempts at personal enrichment.

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  2. Implats may seek market financeRead the original story

    Mar 9, 2015 | Iol.co.za

    METAL prices at five-year lows will prompt Impala Platinum Holdings to seek market financing should it proceed with a targeted $2.5 billion of spending on mines. That is the view of Kagiso Asset Management and Abax Investments, which say the South African producer's five-year plan for building new shafts will force it to either raise cash or scale back capital expenditure unless platinum prices rebound.

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  3. Implats May Seek Financing to dig up $2.5bnRead the original story

    Mar 9, 2015 | Resource Investing News

    Mineweb reported that Impala Platinum Holdings Ltd. May seek market financing to proceed with a targeted $2.5 billion of spending on mines. That's the view of Kagiso Asset Management and Abax Investments Pty Ltd., which say the South African producer's five-year plan for building new shafts will force it to either raise cash or scale back capital expenditure unless platinum prices rebound.

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  4. Next - the Olympics, says Sports MinisterRead the original story w/Photo

    Mar 6, 2015 | Iol.co.za

    "The government will lead that process," he said, adding that all that remained before South Africa once again prepared for an Olympic bid was "a question of time and space". "Those are the only things left.

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  5. Make or break time in Community CupRead the original story

    Mar 5, 2015 | RuggaWorld

    THE Cell C Community Cup reaches the make-or-break stage on Saturday with just three rounds remaining for the 20 competing teams to secure their places in the top-eight Easter play-offs next month. Jonsson College Rovers captain Chris Micklewood, supported by former Springbok wing Jongi Nokwe, heads for the tryline during his team's Cell C Community Cup victory over Noordelikes.

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  6. Amplats faces stake request from communityRead the original story w/Photo

    Mar 4, 2015 | Iol.co.za

    A community near South African mines operated by Anglo American Platinum Ltd said it wants as much as 30 percent of Union and three Rustenburg operations that the world's largest producer of the metal is selling. The Bakgatla Ba Kgafela community, which owns 15 percent of Union, held talks with its preferred bidder for the four mines about taking a shareholding in the operations as a black economic-empowerment partner, Kgosi Nyalala Pilane, chief of the community, said in an interview on Tuesday.

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  7. Anglo Platinum Faces 30% Mine-Stake Request From CommunityRead the original story

    Mar 4, 2015 | The Washington Post

    The Bakgatla Ba Kgafela community, which owns 15 percent of Union, held talks with its preferred bidder for the four mines about taking a shareholding in the operations as a black economic-empowerment partner, Kgosi Nyalala Pilane, chief of the community, said in an interview in northern South Africa on Tuesday. Pilane didn't want to identify the bidder because Amplats, as the Johannesburg-based company is known, may choose a different buyer for the mines.

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  8. What platinum strike cost AmplatsRead the original story w/Photo

    Mar 2, 2015 | Iol.co.za

    Anglo American Platinum Ltd on Monday confirmed its plans to divest its Union and Rustenburg mines by selling or listing them as stand-alone companies. Chief Executive Chris Griffith also said the company was assessing its Bokoni and Pandora joint ventures and would now focus investment on Mogalakwena, Amandelbult, Unki, Twickenham, as well as its joint venture assets Mototolo, Modikwa, Kroondal and BRPM Mines.

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  9. Implats' fiscal H1'15 output down 20.4% YOY; looks to sell Marula mineRead the original story

    Feb 26, 2015 | SNL Financial

    The company said that in the first half of its fiscal 2015 operations, its were affected by the ramp-up of the In the six months ended Dec. 31, 2014, the company's profit attributable to shareholders dropped to 249 million South African rand from 879 million rand. Group unit costs increased by 40.7% from 16,310 rand per ounce to 22,952 rand per ounce due to inflation in utilities and wages in South African and CapEx for the six-month period decreased 26.6% year over year to 1.50 billion rand, in line with the company's cash preservation strategy.

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  10. UPDATE 3-S.Africa's Implats says no job cuts in Rustenburg revampRead the original story

    Feb 26, 2015 | Reuters

    South Africa's Impala Platinum will revamp its Rustenburg mines to boost productivity, but staffing levels will stay the same at the centre of often violent labour unrest, its chief executive said on Thursday. Terence Goodlace said at an interim results presentation that the "smaller, more concentrated" Rustenburg operation aimed to have more miners focused on a smaller area.

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  11. Impala to Sell Mines, Cut Spend With Platinum at Five-Year LowRead the original story

    Feb 26, 2015 | The Washington Post

    Impala Platinum Holdings Ltd., the world's second-largest producer of the metal, will sell mines, close shafts and reduce capital spending as it expects prices to remain low until the second half of 2016. While the company plans 30 billion rand of capital expenditure that will include completing two new shafts over the next five years, it will reduce capex by 2.2 billion rand to 4.5 billion rand in 2016, and will lower 2015 spending by 1.3 billion rand, it said in a statement on Thursday.

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  12. Implats aims for 'smaller' operationsRead the original story w/Photo

    Feb 25, 2015 | Iol.co.za

    South Africa's Impala Platinum said on Thursday it aimed to modernise its Rustenburg mines, the epicentre of often violent labour unrest in recent years, into "smaller, more concentrated mining" operations. Such a move could provoke resistance from the Association of Mineworkers and Construction Union , which last year led a five-month strike against Implats and rivals Lonmin PLC and Anglo American Platinum Ltd. Unveiling the results of a strategic review that the company has said will include a pivot away from labour-intensive mining to mechanisation, the world's No.

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  13. Cell C Community Cup off to smooth startRead the original story w/Photo

    Feb 23, 2015 | RuggaWorld

    SUPERB goal-kicking in difficult conditions from Evergreens flyhalf Leegan Moos gave his team a 22-15 victory over One Logix United Bulk Villagers Worcester in the televised opening match of the 2015 Cell C Community Cup on Saturday. In driving rain and in front of a capacity crowd at the Pacaltsdorp Sports Grounds outside George, Moos's five penalties and a conversion were the difference between the sides as the SWD champions won the much-anticipated Western Cape derby to go top of Pool C on points difference after the opening round.

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  14. Targeted technology that transforms livesRead the original story w/Photo

    Feb 19, 2015 | Switched

    We often think of technology as the source of solutions for humanity - solutions for the massive challenges that impact us all, like climate change and global security. Technology certainly has that potential, but should be equally valued for its ability to serve and improve the lives of specific target groups when applied intelligently to local needs.

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  15. Impala Platinum Sees Profit Falling as Much as 77% on StrikeRead the original story

    Feb 16, 2015 | The Washington Post

    Basic earnings per share will probably range from 0.33 rand and 0.48 rand a share in the six months ended Dec. 31, or 67 percent to 77 percent lower than the same period in 2013, the Johannesburg-based company said in a statement Monday. The drop in earnings is "primarily due to lower production from Impala Rustenburg, impacted by the ramp-up of operations to reach full capacity following the five-month strike compared to an uninterrupted first half of the previous financial year."

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  16. Anglo's dilemma over sales of minesRead the original story

    Feb 12, 2015 | Iol.co.za

    GLENCORE'S decision to distribute its stake in Lonmin to shareholders is indicative of how difficult it will be for Anglo American to attain a favourable price for the mines its platinum unit is selling. Glencore opted against seeking buyers for its 23.9 percent stake in Lonmin as this "would not be in the best interest of shareholders", it said on Wednesday.

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  17. Glencore's Platinum Disposal Signals Anglo American Sale DilemmaRead the original story

    Feb 12, 2015 | The Washington Post

    Glencore Plc's decision to distribute its stake in Lonmin Plc to shareholders is indicative of how difficult it will be for Anglo American Plc to attain a favorable price for the mines its platinum unit is selling. Glencore opted against seeking buyers for its 23.9 percent stake in Lonmin as this "would not be in the best interest of shareholders," it said on Wednesday.

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  18. Strike, falling prices squeeze Amplats operating profitRead the original story w/Photo

    Feb 9, 2015 | The Peninsula

    The world's biggest platinum producer Anglo American Platinum said Monday a lengthy strike at its South African mines squeezed operating profits last year, but it managed to achieve a net profit thanks to fewer writedowns. Announcing the firm's financial results for 2014, chief executive Chris Griffiths said that while the strike had a "significant impact" the company had navigated through this difficult period.

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  19. Amplats swings to profit of 624M South African rand for FY'14Read the original story

    Feb 9, 2015 | SNL Financial

    Headline earnings totaled 786 million rand, or 3.01 rand per share, down from 1.45 billion rand, or 5.56 rand per share, the year before. The result is in line with the Operating profit for the full year stood at 843 million rand, including a 480 million rand impairment on the closure of the The company is looking selling or listing the mines, either together or separately, with interested parties currently undertaking due diligence.

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  20. Amplats announces 2014 profitRead the original story w/Photo

    Feb 9, 2015 | Iol.co.za

    The world's biggest platinum producer Anglo American Platinum said Monday a lengthy strike at its South African mines squeezed operating profits last year, but it managed to achieve a net profit thanks to fewer writedowns. Announcing the firm's financial results for 2014, chief executive Chris Griffiths said that while the strike had a "significant impact" the company had navigated through this difficult period.

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