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Mining retrenchments concern Ramatlhodi

South Africa – Mineral Resources Minister Ngoako Ramatlhodi is “alarmed at the rate at which retrenchments have been taking place in the mining industry.” This...

Mantashe calls for more exploration at Mining Indaba

The latest data released by Statistics SA show that mining production decreased by 3.1 percent year-on-year in November 2019.

Wescoal: solid operations grow production profile

Having concluded its acquisition of Keaton Energy in 2018, Wescoal has grown its resource base significantly to approximately 300 Mt.

“New owners” of Vantage Goldfields stalled by SCC

SSC has become aware, as recently as March 2019, that the PIC will be funding this Group/Consortium in the amount of R350 million for their transaction.

SOUTH AFRICA’S CHANGING PLATINUM LANDSCAPE

Typically the progression from project to producer has a low rate of success. Toronto Stock Exchange (TSX) statistics from a few years back show the project to producer pyramid sees about 3% of projects undertaken by juniors ending up as producers. However, Ken Lomberg, Southern Africa Regional Manager of mining consulting group Coffey Mining, says platinum projects on the Bushveld Complex are different. 

“The Bushveld Complex is an anomaly housing the vast majority of the global PGE resources in a number of well known planar ore bodies. If only five or six Bushveld projects come to fruition, this will mean some 20% of projects have been successful; considerably better than the global average.” Investec research indicates that if the entire suite of junior to mid-tier platinum projects planned and underway in South Africa in 2006 reach fruition they would by 2014 add three million platinum ounces to the platinum supply, if one excludes these as replacement ounces. It would bolster the approximately five million ounces (out of a 6.5 million ounces total global production) that Johnson Matthey research had as South Africa’s platinum output in 2007.

Communities to benefit from mining through “social licences to mine”

The Mining Sector cannot be looked at in isolation – it is the "engine room" of every economy in a country with substantial mineral resources.

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