Rustenburg, South Africa

Rustenburg, South Africa Newswire

Comprehensive Real-Time News Feed for Rustenburg, South Africa.

Results 1 - 20 of 130 in Rustenburg, South Africa

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

    20 hrs ago | 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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  2. Implats' fiscal H1'15 output down 20.4% YOY; looks to sell Marula mineRead the original story

    Thursday Feb 26 | 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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  3. UPDATE 3-S.Africa's Implats says no job cuts in Rustenburg revampRead the original story

    Thursday Feb 26 | 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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  4. Impala to Sell Mines, Cut Spend With Platinum at Five-Year LowRead the original story

    Thursday Feb 26 | 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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  5. Implats aims for 'smaller' operationsRead the original story w/Photo

    Wednesday Feb 25 | 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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  6. Cell C Community Cup off to smooth startRead the original story w/Photo

    Monday Feb 23 | 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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  7. Targeted technology that transforms livesRead the original story w/Photo

    Thursday Feb 19 | 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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  8. Impala Platinum Sees Profit Falling as Much as 77% on StrikeRead the original story

    Monday Feb 16 | 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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  9. Anglo's dilemma over sales of minesRead the original story

    Thursday Feb 12 | 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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  10. Glencore's Platinum Disposal Signals Anglo American Sale DilemmaRead the original story

    Thursday Feb 12 | 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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  11. Strike, falling prices squeeze Amplats operating profitRead the original story w/Photo

    Monday Feb 9 | 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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  12. Amplats swings to profit of 624M South African rand for FY'14Read the original story

    Monday Feb 9 | 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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  13. Amplats announces 2014 profitRead the original story w/Photo

    Monday Feb 9 | 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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  14. Vermeulen sweeps awardsRead the original story w/Photo

    Monday Feb 9 | Iol.co.za

    Duane Vermeulen was named South Africa s Rugby Player of the Year and Players Player of the Year for an exceptional 2014. Photo: Patrick Bolger The big No8 has been a colossus since getting into the Springbok team in 2012 and after 29 Tests he was last night rightly named South Africa's Rugby Player of the Year at the annual awards function in Johannesburg.

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  15. Emotional Vermeulen cleans up awardsRead the original story w/Photo

    Sunday Feb 8 | RuggaWorld

    An emotional Duane Vermeulen was the star of the annual South African Rugby Union Player of the Year Awards when he walked off with three awards, including the main award of the season and dedicated the award to his father who passed away when he was only eight years old. He also thanked his mother who stood by him through his whole career.

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  16. EFF wreaks havoc in Mohlakeng, N4 closedRead the original story w/Photo

    Wednesday Feb 4 | Mail & Guardian

    Party members have been accused of setting municipal buildings in Mohlakeng alight as protesters stoned motorists and barricaded the N4 near Mooinooi. Economic Freedom Fighters members had set fire to municipal buildings during a protest in Mohlakeng outside Randfontein in Gauteng, co-operative governance and human settlements MEC Jacob Mamabolo said on Wednesday.

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  17. Lion Man Craig Busch hits back at South African criticsRead the original story w/Photo

    Sunday Feb 1 | The New Zealand Herald

    A war of words has broken out between big cat conservationists, with Lion Man Craig Busch hitting back at South African critics who claimed he abused his animals. Mr Busch has accused his critics of being jealous of his fame, and engaging in a smear campaign against him, as well as accusing one of cruelty to animals.

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  18. South Africa: Cosatu NW Worried About the State of Moss Phakoe CaseRead the original story w/Photo

    Jan 31, 2015 | AllAfrica.com

    The Congress of South African Trade Unions is worried about the state of the case of the late Moss Phakoe. The silence of the SAPS and the state on the acquittal in the murder case is making some of us, and the public, to question the credibility of our justice and that of our investigators.

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  19. South Africa: The EFF Statement On Apartheid Assassins Parole DecisionRead the original story w/Photo

    Jan 30, 2015 | AllAfrica.com

    The EFF notes with contempt the dubious decisions made by the Parole Board. We are dismayed at the decision to release Eugene De Kock, and it is clear that the ruling party is just playing delaying tactics on the decisions on Barnard and Derby-Lewis.

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  20. .com | Murdered Stellenbosch man had extensive business interestsRead the original story w/Photo

    Jan 28, 2015 | News24

    Martin van Breda, 54, who was found murdered at his home on an exclusive golf estate in Stellenbosch on Tuesday along with his wife and eldest son, was a successful businessman who had directorships in at least 25 companies. A search of company directorship records shows Van Breda had a number of interests in the education and property sector.

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