Edition:
India

Precious Metals & Minerals

Page 1

Eastern Platinum Announces First Chrome Concentrate At Barplats Zandfontein UG2 Tailings Retreatment

Tuesday, 18 Dec 2018

Dec 18 (Reuters) - Eastern Platinum Ltd ::EASTPLATS ANNOUNCES FIRST CHROME CONCENTRATE AT ITS BARPLATS ZANDFONTEIN UG2 TAILINGS RETREATMENT OPERATIONS.COMMENCED COMMISSIONING ITS NEWLY CONSTRUCTED CHROME PLANT AND CHROME CIRCUIT PRODUCED ITS FIRST CHROME CONCENTRATE.TARGETS COMMERCIAL PRODUCTION IN EARLY 2019 WITH EXPECTATION TO RAMP-UP TO FULL COMMERCIAL PRODUCTION DURING Q2 2019.

Lonmin FY Operating Profit $101 Mln Vs Loss Of $1.08 Bln Year Ago

Thursday, 29 Nov 2018

Nov 29 (Reuters) - Lonmin Plc ::FY OPERATING PROFIT 101 MILLION USD VERSUS -1.079 BILLION USD LOSS YEAR AGO.FY PLATINUM SALES OF 681,580 OUNCES EXCEEDED OUR SALES GUIDANCE OF 650,000 TO 680,000 OUNCES.FY REVENUE OF $1,345 MILLION UP $179 MILLION ON PRIOR YEAR, DRIVEN BY HIGHER PGM PRICES.FY UNIT COST INCREASE CONTAINED TO 5.2% AT R12,307.SEES 2019 UNIT COSTS EXPECTED TO BE IN RANGE OF R12,900 TO R13,400 PER PGM OUNCE.2019 EXPECTED PLATINUM SALES BETWEEN 640,000 AND 670,000 OUNCES IN LINE WITH REMOVING HIGH COST PRODUCTION.ALL-SHARE OFFER FROM SIBANYE-STILLWATER IS EXPECTED TO CLOSE IN EARLY 2019.CAPITAL EXPENDITURE FOR 2019 ANTICIPATED TO BE LIMITED TO A RANGE OF R1.4 BILLION TO R1.5 BILLION, EXCLUDING ANY EXTERNAL FUNDING FOR MK2 PROJECT.DURING FINANCIAL YEAR PLATINUM MARKET REMAINED DEPRESSED, WHILE PALLADIUM IMPROVED STRONGLY.CONTINUE TO FACE LIQUIDITY CONSTRAINTS AND SIGNIFICANT INVESTMENT NEEDED IN MINES TO PRESERVE AND PROLONG THEIR LIFESPAN- CEO.LONMIN - RHODIUM PRICE CONTINUED TO ADVANCE STRONGLY IN FY, OWING TO STRONG BUYING IN CHINA AND A DECLINE IN SUPPLY FROM SOUTH AFRICA.PLATINUM'S CONTRIBUTION TO LONMIN'S PGM BASKET REVENUES REDUCED FROM 58% TO 45% IN FY.LONMIN BY REMOVING TWO LAYERS OF MANAGEMENT AND MAKING CHANGES TO OPERATIONAL MANAGEMENT STRUCTURE, WE HAVE STREAMLINED COMMUNICATION WITHIN BUSINESS.LONMIN - GIVEN CHALLENGING OPERATING ENVIRONMENT AS STAND-ALONE CO, CO TO CONTINUE TO PLACE HIGH COST GENERATION 1 SHAFTS ON CARE AND MAINTENANCE.

Impala Platinum Commences Sale Process Of 1 Shaft With Interested Parties

Wednesday, 31 Oct 2018

Oct 31 (Reuters) - Impala Platinum Holdings Ltd ::QTRLY REVENUES BENEFITTED FROM WEAKER RAND AND IMPROVED PALLADIUM AND RHODIUM PRICES.GROSS TONNES MILLED DURING QUARTER INCREASED BY 1.9% TO 6.87- MILLION TONNES.GROSS REFINED PLATINUM PRODUCTION DURING QUARTER INCREASED BY 8.2% TO 369 000 OUNCES.COMMENCED PROCESS TO IDENTIFY AND ENGAGE WITH PARTIES WHO MAY HAVE AN INTEREST IN BUYING IMPALA RUSTENBURG'S 1 SHAFT.QTRLY PALLADIUM REFINED PRODUCTION 207 KOZ VERSUS 189 KOZ.CONTINUING TO ENGAGE WITH PARTIES WHO MAY HAVE AN INTEREST IN 100% OUTSOURCING OF 1 SHAFT TO A THIRD-PARTY CONTRACTOR.14.2% IMPROVEMENT IN REVENUE/PLATINUM OUNCE RECEIVED DURING QUARTER (R28 355 PER PLATINUM OUNCE) VERSUS PREVIOUS COMPARABLE QUARTER.PROGRESSED SECTION 189 RESTRUCTURING PROCESS FOR 1 500 EMPLOYEES.INCREASE IN QTRLY PRODUCTION WAS LARGELY DUE TO A MUCH STRONGER OPERATIONAL PERFORMANCE AT IMPALA RUSTENBURG.

Lynas Corporation Updates On Proposed Review Of Lynas Malaysia Sdn Bhd's Operations

Tuesday, 2 Oct 2018

Oct 2 (Reuters) - Lynas Corporation Ltd ::PROPOSED REVIEW OF LYNAS MALAYSIA SDN BHD'S OPERATIONS.WILL CO-OPERATE WITH GOVERNMENT OF MALAYSIA IN PROPOSED REVIEW.

Atlatsa Announces A Further Annual General Meeting Date Extension

Friday, 21 Sep 2018

Sept 21 (Reuters) - Atlatsa Resources Corp ::ATLATSA ANNOUNCES A FURTHER ANNUAL GENERAL MEETING DATE EXTENSION.ATLATSA - ACTIVELY ENGAGED IN FINALIZING TERMS OF PHASE 2 OF 2017 RESTRUCTURE PLAN WITH ANGLO AMERICAN PLATINUM.ATLATSA RESOURCES - ANNUAL GENERAL MEETING OF SHAREHOLDERS NOW TO BE HELD BY NO LATER THAN DEC 31.

First Majestic Silver Announces Friendly Acquisition Of Primero Mining

Friday, 12 Jan 2018

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​.

First Majestic Silver Announces Friendly Acquisition Of Primero Mining

Friday, 12 Jan 2018

Jan 12 (Reuters) - First Majestic Silver Corp ::FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER ANNOUNCES FRIENDLY ACQUISITION OF PRIMERO MINING AND RESTRUCTURED STREAM WITH WHEATON PRECIOUS METALS.FIRST MAJESTIC SILVER CORP - ‍TOTAL TRANSACTION VALUE IS ESTIMATED AT APPROXIMATELY $320 MILLION​.FIRST MAJESTIC SILVER - ‍ UNDER TERMS, ALL OF PRIMERO'S SHARES TO BE EXCHANGED ON BASIS OF 0.03325 OF A CO'S COMMON SHARE FOR EACH PRIMERO COMMON SHARE​.FIRST MAJESTIC SILVER - ACCRETIVE ON ALL KEY METRICS INCLUDING NAV, CASH FLOW, PRODUCTION, AND RESOURCES TO FIRST MAJESTIC SHAREHOLDERS.FIRST MAJESTIC SILVER CORP - PRIMERO AGREED TO PAY A TERMINATION FEE TO FIRST MAJESTIC OF $10 MILLION UPON OCCURRENCE OF CERTAIN EVENTS.FIRST MAJESTIC SILVER-FOLLOWING CLOSING OF ARRANGEMENT,SILVER STREAMING INTEREST AT PRIMERO'S SAN DIMAS SILVER-GOLD MINE HELD BY WPM TO BE TERMINATED​.FIRST MAJESTIC SILVER-FOLLOWING CLOSING, CO AND WPM WILL ENTER INTO A NEW STREAM ARRANGEMENT BASED ON 25% OF GOLD EQUIVALENT PRODUCTION AT SAN DIMAS.FIRST MAJESTIC SILVER CORP - AS PART OF TRANSACTION, WPM TO RECEIVE 20.9 MILLION COMMON SHARES OF FIRST MAJESTIC HAVING AGGREGATE VALUE OF $151 MILLION.FIRST MAJESTIC SILVER CORP - ‍ARRANGEMENT AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH OF FIRST MAJESTIC AND PRIMERO​.

Allgemeine Gold- und Silberscheideanstalt: realignment of unit Schöne Edelmetaal B.V.

Thursday, 16 Nov 2017

Nov 16 (Reuters) - ALLGEMEINE GOLD UND SILBERSCHEIDEANSTALT AG ::REALIGNMENT OF SUBSIDIARY SCHÖNE EDELMETAAL B.V. DECIDED.TO CLOSE PRODUCTION IN AMSTERDAM AND CONTINUE AS A DISTRIBUTION CO.

Petra Diamonds says Q1 revenue down 17 pct to $78.7 mln

Monday, 23 Oct 2017

Oct 23 (Reuters) - Petra Diamonds Ltd ::Q1 REVENUE FELL 17 PERCENT TO 78.7 MILLION USD.‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.PETRA DIAMONDS LTD - ‍Q1 PRODUCTION DOWN 4% TO 1,053,817 CARATS (Q1 FY 2017: 1,097,523 CARATS)​.PETRA DIAMONDS - ‍NET DEBT AT 30 SEPTEMBER 2017 OF US$613.8 MILLION (30 JUNE 2017: US$555.3 MILLION).PETRA DIAMONDS LTD - ‍Q1 ROM PRODUCTION INCREASED 17% TO 842,809 CARATS (Q1 FY 2017: 720,475 CARATS)​.PETRA DIAMONDS LTD - ‍Q1 REVENUE DOWN 17% TO US$78.7 MILLION FROM 711,277 CARATS SOLD (Q1 FY 2017: US$94.7 MILLION FROM 745,447 CARATS SOLD)​.PETRA DIAMONDS LTD - ‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.‍GROUP MAINTAINS FULL YEAR PRODUCTION GUIDANCE OF CA. 4.8 TO 5.0 MCTS​.‍"DIAMOND MARKET IS SHOWING SIGNS OF SEASONAL WEAKNESS"​.PETRA DIAMONDS - CULLINAN PLANT NOW FULLY OPERATIONAL, PLANT IS EXPECTED TO ACHIEVE NAMEPLATE CAPACITY OF 6 MTPA DURING H2 FY 2018​.

Markets

  • Sectors
  • Asia
  • U.S.
  • Europe

Sector Summary