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Nearby Locations

Nearby Location News

  • Wesizwe concludes early termination of Bakubung contract with Aveng 2016-09-30
    Emerging miner Wesizwe Platinum concluded an amicable agreement with appointed shaft sinking contractor Aveng Mining for an early termination at its Bakubung platinum mine, in Rustenburg. The agreed handover will be concluded by May 2017, when Phase 1 main shaft commissioning, which was initially to be concluded by September, will be completed.
  • Despite reaching production vein, PTM lowers guidance again as stoping delays weigh 2016-09-19
    South Africa-focused miner Platinum Group Metals (PTM) has again lowered its production guidance for the first year of operations at its Maseve mine, in South Africa, citing a delay in ramping up stoping tonnes. Despite monthly output at Maseve increasing to 1 893 oz of platinum, palladium, rhodium and gold (4E) and associated copper and nickel in concentrate, the Vancouver-based company advised that it has amended lower its guidance for concentrate production, on a 100% project basis from April 2016 to April 2017, from 110 000 oz 4E to 91 500 oz 4E.
  • PTM completes Maseve plant commissioning, lowers guidance 2016-05-05
    On the heels of completing commissioning of its Maseve mine plant on March 31, South Africa-focused precious-metals producer Platinum Group Metals (PTM) has produced about 1 700 ‘4E ounces’ containing platinum, palladium, rhodium and gold in April alone. The Vancouver-incorporated company advised Thursday that during February, March and April, a majority of milled tonnes were sourced from lower-grade development muck mined from primary development along the rich Merensky Reef of the country’s fabled Bushveld Igneous Complex.
  • Wesizwe’s flagship Bakubung mine still on target 2016-03-30
    Platinum miner Wesizwe Platinum remains within its targeted concentrate production output and project construction costs budget for its flagship Bakubung project, in Rustenburg. Reporting on its 2015 financial year performance, the Chinese-backed company said that, during the year to December, the main and ventilation shafts were completed as scheduled at 825 m and 810 m respectively. Further, services projects on site were on schedule, with an additional 20 MWa secured for the phase one power supply for the commissioning of the shafts and 1.5-million-litres-a-day capacity had been commissioned for permanent water supply to the mine.
  • RBPlat posts FY loss, delays projects 2016-03-01
    Ongoing depressed market conditions and a low commodity price environment have prompted South African platinum miner Royal Bafokeng Platinum (RBPlat) to delay some of its capital projects. During the second half of the 2015 financial year, RBPlat had scaled down mining and construction activities at its Styldrift I expansion project, deferred the 250 000 t/m Bafokeng Rasimone Platinum Mine (BRPM) concentrator upgrade to early 2016, deferred the construction of a 100 000 t/m concentrator module and deferred the Styldrift II feasibility study and exploration drilling, besides other initiatives to reduce noncritical expenditure.

Helam Information

  • General 2015-05-10
    Part of Petra Diamond's Fissure operations.

Related News

  • Petra sees solid performance for 2016, to build production in year ahead 2016-09-19
    Southern Africa-focused miner Petra Diamonds expects its production for the 2017 financial year to rise to between 4.4-million and 4.6-million carats, before reaching its long-term target of five-million carats in 2018, a year earlier than expected, and rising further to about 5.3-million carats by 2019. This increase comes on the back of a 16% increase in production to 3.7-million carats in the year ended June 30, well ahead of company guidance, as well as on its expansion programmes being on track and on budget, with both the new sublevel cave at Finsch and the new block cave at Cullinan expected to deliver undiluted ore in excess of one-million tonnes each during 2017.
  • Petra Diamonds to be cash flow positive as nears end of expansion programme. http://www.miningmx.com/top-story/28045-petra-cash-flow-positive-nears-end-expansion-plan/ … 2016-09-19

    Petra Diamonds to be cash flow positive as nears end of expansion programme. http://www.miningmx.com/top-story/28045-petra-cash-flow-positive-nears-end-expansion-plan/ …

  • Petra to reach five-million-carat target earlier than expected 2016-07-25
    Following a year of strong growth and record production, Petra Diamonds now expects to reach its five-million-carat-a-year production target in the 2018 financial year – a year sooner than previously anticipated. Petra produced 3.7-million carats in the year ended June 30, a 16% increase on the 3.2-million carats produced in the 2015 financial year and above guidance of 3.6-million to 3.65-million carats.
  • Petra recovers 121.26 ct diamond at Cullinan 2016-06-21
    LSE-listed Petra Diamonds has recovered a 121.26 ct Type II white diamond at its Cullinan mine, in South Africa. The company noted that the diamond, which was of exceptional colour and clarity, would be sold in the last tender of the 2016 financial year. The tender, which was under way in Johannesburg, would also include other high-quality diamonds.
  • Petra sells 23 ct pink diamond for $10.05m 2015-12-09
    An “exceptional” 23.16 ct pink diamond uncovered at Petra Diamonds’ Williamson mine, in Tanzania, in November, has been sold into a partnership arrangement for $10.05-million, or $433 938/ct for the rough stone. Petra would also retain a 20% interest in the sales proceeds of the polished diamond, which was bought by Golden Yellow Diamonds on behalf of diamond manufacturer and large and unique coloured diamonds specialist MA Anavi Diamond Group. Petra CEO Johan Dippenaar said the sale result affirmed that the market for high-quality coloured diamonds remained robust.

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