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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Atlatsa retreats into hibernation
    Black Economic Empowered platinum group metals company Atlatsa Resources has confirmed that the 51%-owned Bokoni platinum mine, in South Africa, has been placed on care and maintenance on October 1, as part of an Anglo American Platinum- (Amplats-) backed restructuring agreement, the company said on Monday. The TSX- and JSE-listed company noted that various attempts since 2014 to restructure the Bokoni operation was unsuccessful to return positive cash flow to the mine.
  • Shanghai rebar extends rally to one-month high, lifts iron-ore
    Chinese rebar steel futures advanced for a third straight day to hit a one-month peak on Monday, supported by output cuts in the world's top producer as part of the government's battle against smog. The gains in steel prices lifted iron-ore, although traders were not convinced the increase in prices of the raw material would last when most of the steel output curbs in China are in place during winter.
  • Implats buys 15% stake in Waterberg project
    JSE-listed Impala Platinum (Implats) will buy a combined 15% interest in the Waterberg platinum group metals (PGMs) project from TSX- and NYSE-listed Platinum Group Metals (PTM) and the Japan Oil, Gas and Metals National Corporation (Jogmec) for $30-million. Implats has also secured an option to acquire majority ownership of the project following the completion of a definitive feasibility study (DFS).