26 May

by | 27-MAY-10 | 0 comments

We speak to mining veteran Peter Skeat about a gold venture that he is bringing to the JSE. We ask Wesizwe CEO Mike Solomon why a controlling stake in the platinum junior was sold to a Chinese consortium. Read >

Wesizwe's R6.6bn China option in the balance

by Allan Seccombe | 24-MAY-10 | 2 comments

Shareholders in platinum junior Wesizwe will decide in the next three months whether to go ahead with a R6.6bn capital injection that will see a Chinese consortium take control of the company. Read >

Wesizwe secures R6.6bn Chinese funding

by Allan Seccombe | 24-MAY-10 | 5 comments

Wesizwe secures financing of R6.6bn to build a mine. The funding will come from a Chinese consortium, comprising Jinchuan Group and the China Africa Development Fund, and which will take a 51% stake in Wesizwe. Read >

IDC denies Wesizwe shares discount

by Andile Ntingi | 26-APR-10 | 0 comments

The IDC has shed some light on its involvement in a series of transactions that led to the sale of Wesizwe platinum shares belonging to the Bakubung community. Read >

Wesizwe, PTM close critical deal

by Allan Seccombe | 23-APR-10 | 1 comments

Wesizwe and Platinum Group Metals have cleared the final hurdle that will allow them now to finalise deals to finance their platinum mines, which may include bringing in strategic partners. Read >

Angloplat maintains target, sees market deficit

by Allan Seccombe | 22-APR-10 | 0 comments

Anglo Platinum maintains its full-year production target of 2.5 million oz despite a quarter-on-quarter fall in output. It expects the platinum market to show a deficit this year on the back of strong demand. Read >

Community faction confronts Wesizwe

by Allan Seccombe | 19-APR-10 | 2 comments

A small group of disgruntled community members march on Wesizwe. Questions are asked if this is merely a desperate diversion tactic in light of a court bid to reveal the whereabouts of some R500m. Read >

Battle heats up for platinum assets

by Andile Ntingi | 18-APR-10 | 3 comments

The acrimonious fight for control of platinum riches belonging to a North West tribe, the Bakubung-Ba-Ratheo, which is the empowerment partner of Wesziwe, is deepening. Read >

Pan African restores gold output

by Allan Seccombe | 08-APR-10 | 0 comments

Pan African Resources puts its battle with illegal miners behind it and focuses on operational issues. It forecasts full-year output of 97,000 oz of gold. Read >

Wesizwe hunts partner, clears Solomon

by Allan Seccombe | 31-MAR-10 | 9 comments

Wesizwe hunts for a partner to develop its platinum project after its CEO Mike Solomon is cleared of any financial impropriety, clearing the air after a heated boardroom battle last year. Read >

Angloplat sees a more "moderate" dividend policy

by Allan Seccombe | 29-MAR-10 | 1 comments

Anglo Platinum is learning from the past, so when it resumes dividend payments it will adopt a more 'moderate' policy, says its financial director. Read >

Dear Ms Carroll

by Jan de Lange | 29-MAR-10 | 0 comments

Are big egos holding others back to collaborate in Anglo American's power generation project, Jan de Lange asks Anglo CEO Cynthia Carroll. Read >

Oh dear, is this an Angloplat own goal?

by Allan Seccombe | 26-MAR-10 | 6 comments

Anglo Platinum takes the unusual step of barring the media from its annual general meeting, immediately prompting a question of why. Apart from large fee increases for its directors there's nothing immediately obvious. Read >

Anglo looks for power solutions

by Jan de Lange | 25-MAR-10 | 0 comments

Anglo American has appointed a top British infrastructure company to conduct a viability study for one of its own power stations in Mpumalanga. Read >

Anglo warns South Africa on power

by Allan Seccombe | 19-FEB-10 | 10 comments

Anglo American holds off major capital decisions in South Africa until it receives guarantees on electricity supplies, says CEO Cynthia Carroll. Read >

If Solomon did wrong, he's gone

by Allan Seccombe | 03-FEB-10 | 0 comments

If Mike Solomon is found to have violated corporate governance rules he will be disciplined and could be removed from his position as Wesizwe's CEO, says new chairman Dawn Mokhobo. Read >

Anglo Platinum's profits tumble

by Allan Seccombe | 15-JAN-10 | 2 comments

Anglo Platinum's shares slide after it warns headline earnings could fall by as much as 99% for the full year. The strong rand weighs heavily despite improved sales volumes. Read >

New Wesizwe chairman cracks the whip

by Allan Seccombe | 12-JAN-10 | 1 comments

Wesizwe appoints Dawn Mokhobo as its chairman and identifies corporate governance as a priority after a damaging boardroom battle that may have alarmed potential financiers. Read >

Wesizwe is being "hijacked"

by Allan Seccombe | 03-DEC-09 | 4 comments

A funding proposal by a shareholder faction within Wesizwe is said to be designed to "hijack" the company and lies at the heart of the board implosion. Read >

Two big suitors courted Wesizwe

by Allan Seccombe | 02-DEC-09 | 3 comments

Court documents reveal who was courting Wesizwe Platinum at the time when its board was in meltdown. Wesizwe was a willing participant. Read >

Bakubung calls for its Wesizwe directors to quit

by Allan Seccombe & David McKay | 26-NOV-09 | 6 comments

The Bakubung-Ba-Ratheo has asked for its representatives on the board of Wesizwe Platinum to quit amid claims they were never fairly appointed to the firm. Read >

Wesizwe Platinum wracked by coup allegations

by Allan Seccombe & David McKay | 25-NOV-09 | 16 comments

The future of Wesizwe Platinum, and its empowerment partner, the Bakubung, has been thrown into doubt amid allegations of a clandestine power struggle. Read >

Pay this man more

by Miningmx | 20-NOV-09 | 0 comments

Jan Nelson, CEO of Pan African Resources, is one of the more poorly paid chief executives of a junior miner. He needs more. Read >

Solomon withdraws Wesizwe court action

by Allan Seccombe | 12-NOV-09 | 3 comments

Mike Solomon has withdrawn an urgent court application to prevent his dismissal as Wesizwe CEO, preferring to let shareholders decide the matter. Rob Rainey follows suit. Read >

Wesizwe shareholders demand answers

by Miningmx | 07-NOV-09 | 0 comments

Wesizwe shareholders are demanding answers and the directors who voted out CEO Mike Solomon may soon have to explain their actions. Meanwhile, Eskom and the mines minister are up to their old tricks. Read >

Angloplats delists from LSE

by I-Net Bridge | 05-NOV-09 | 0 comments

Anglo Platinum delists from the LSE. Read >

SA platinum miners sweat

by Brendan Ryan | 05-NOV-09 | 2 comments

South Africa's three major platinum groups are taking strain trying to cope with operating problems and a strong rand. Read >

Angloplats slashes jobs, shuts shafts

by Allan Seccombe | 22-OCT-09 | 0 comments

Anglo Platinum retrenches nearly 2,000 more people than planned. It has shut three shafts in an effort to drive down costs in the face of soaring electricity and wage bills. Read >

Bafokeng nears platinum deal conclusion

by Allan Seccombe | 20-OCT-09 | 0 comments

Royal Bafokeng Holdings is just months away from acquiring the majority stake in the BRPM joint venture with Anglo Platinum and it has started work at its Styldrift property. Read >

Wesizwe's fate on hold

by Allan Seccombe | 19-OCT-09 | 6 comments

The long-awaited finalisation of a deal between Wesizwe, Anglo Platinum and PTM will allow Wesizwe to develop a strategy and decide who will lead the company. Until then, everything's on hold. Read >

AngloPlat avoids wage strike

by Reuters | 14-SEP-09 | 1 comments

Anglo Platinum agrees a one-year wage deal, avoiding a strike at its operations, unlike its peer Impala Platinum. Read >

Do or die for Anooraq

by Ines Schumacher | 18-AUG-09 | 0 comments

The next three financial quarters will prove whether Anooraq Resources has the ability to turn the Lebowa platinum mine around and ensure the future of the company. Read >

Anglo Pt's net debt deepens

by Brendan Ryan | 05-AUG-09 | 2 comments

Anglo Platinum's results weren't too bad, but there are alternative ways of crunching the numbers. Read >

Anglo Platinum looks to future

by | 28-JUL-09 | 0 comments

Anglo Platinum is confident Anglo American will support it through the current economic downturn, says CEO Neville Nicolau. Read >

Anglo Pt plots 2.5-2.8m oz output

by Allan Seccombe | 27-JUL-09 | 1 comments

Anglo Platinum is plotting production flexibility that will give it output of up to 2.8 million oz of platinum in the next year or two. It sees the market sliding into deficit soon. Read >

Anglo Platinum's earnings battered

by Allan Seccombe | 27-JUL-09 | 2 comments

Anglo Platinum sees headline earnings tumble 95% as dollar prices of the metal halve in the interim period. It reckons it can supply 2.6 million oz to the market if need be. Read >

Anglo kicks off beneficiation plan

by Ines Schumacher | 23-JUL-09 | 0 comments

Anglo Platinum has thrown itself behind government's reframed beneficiation policy, which it hopes will receive cabinet support in September. Read >

Anglo Pt warns of steep earnings fall

by Allan Seccombe | 15-JUL-09 | 3 comments

Anglo Platinum, the world's leading platinum producer, warns of a hefty fall of up to 99% in interim headline earnings because of lower rand metal prices. Read >

Angloplat in dire straits

by Brendan Ryan | 14-MAY-09 | 1 comments

In South African mining circles Anglo Platinum has long been known as the "Evil Empire". The long-running number two in the sector - Impala Platinum - is rapidly gaining ground. Read >

Barry Davison replies

by | 30-APR-09 | 0 comments

Former AngloPlat CEO Barry Davison replies to a story by Brendan Ryan about his actions at the recent Anglo AGM. Ryan’s rejoinder is at the end of the letter. Read >