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amplats to exit union rustenburg pandora mines in south africa

sale of the rustenburg operations - Anglo American PlatinumOptimisation of Union and Rustenburg mines well progressed . Rustenburg. Union. Pandora. Bokoni. Retain. Exit. Investment in replacement ounces, potential to expand. Amandelbult. Mechanise and establish ideal scale . Recognises and supports the transformation goals of South Africa and the mining industry; and.amplats to exit union rustenburg pandora mines in south africa,amplats to exit union rustenburg pandora mines in south africa,Amplats to sell Union mine, Masa to Siyanda - BusinessLIVEFeb 15, 2017 . Amplats, the world's largest platinum miner, has already sold its Rustenburg mines and is exiting a number of joint ventures to focus on its mechanised, less labour-intensive operations to become one of the lowest-cost platinum producers in SA. Its workforce will fall to about 24,200 people. Amplats has sold.

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Mining: Sibanye goes platinum, but can they make it work? | Daily .Sep 10, 2015 . "It was big enough not to choke on the first bite," he said of the decision to buy the Rustenburg mines but not the Amplats Union mine. The R4.5-billion deal is . Anglo will now focus on its more profitable mines and on trying to sell its other struggling South African assets, Union, Pandora and Bokoni. DM.amplats to exit union rustenburg pandora mines in south africa,amplats to exit union rustenburg pandora mines in south africa,Anglo American platinum names mines to be sold | MININGJul 21, 2014 . “The decision has been made to possibly exit certain assets that will be better placed in the hands of a new owner.” The assets on the block, disclosed the company, are its Union and Rustenburg mines in South Africa and its Pandora joint venture.. The Union and Rustenburg operations account for just.

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20 Comment on amplats to exit union rustenburg pandora mines in south africa

Topic - Mogalakwena Mine - Engineering News

By: Martin Creamer 20th July 2016 Diversified mining company Anglo American upped South African export coal production in the three months to June 30, .. (Amplats) will sell its interests in the consolidated Union-Rustenburg mine as well as Pandora joint venture (JV) operations and is assessing the possible exit of the.

sale of the rustenburg operations - Anglo American Platinum

Optimisation of Union and Rustenburg mines well progressed . Rustenburg. Union. Pandora. Bokoni. Retain. Exit. Investment in replacement ounces, potential to expand. Amandelbult. Mechanise and establish ideal scale . Recognises and supports the transformation goals of South Africa and the mining industry; and.

Amplats completes sale of Union Mine and MASA Chrome

Jan 26, 2018 . Amplats has finalized the sale of its 85% interest in Union Mine and its 50.1% interest in MASA Chrome by Rustenburg Platinum Mines. . [quote]“In addition to the sales of Pandora and Rustenburg, with the completion of Union, Amplats has executed a core part of its strategy of repositioning the portfolio,".

amplats to exit union rustenburg pandora mines in south africa,

Amplats has finalised the disposal of two more assets | IOL Business .

Dec 14, 2017 . In 2014 Amplats unveiled a plan to exit some of its non-core assets, which it said could be better managed by others who can put more time and energy into them. Amplats also sold its Rustenburg Mines to Sibanye Stillwater for R4.5bn in 2015. At the time the industry had begun suffering from an.

Amplats to sell Union mine, Masa to Siyanda - BusinessLIVE

Feb 15, 2017 . Amplats, the world's largest platinum miner, has already sold its Rustenburg mines and is exiting a number of joint ventures to focus on its mechanised, less labour-intensive operations to become one of the lowest-cost platinum producers in SA. Its workforce will fall to about 24,200 people. Amplats has sold.

Lonmin to buy Amplats out of Pandora joint venture for between .

Nov 11, 2016 . Northam, which holds the remaining 7.5% stake in Pandora, must also approve of the transaction, as must Lonmin's lenders, which have imposed strict financial covenants on the platinum miner. Amplats has sold its Rustenburg mining complex to Sibanye Gold and is in talks to dispose of its Union mine.

Mining: Sibanye goes platinum, but can they make it work? | Daily .

Sep 10, 2015 . "It was big enough not to choke on the first bite," he said of the decision to buy the Rustenburg mines but not the Amplats Union mine. The R4.5-billion deal is . Anglo will now focus on its more profitable mines and on trying to sell its other struggling South African assets, Union, Pandora and Bokoni. DM.

Anglo American platinum names mines to be sold | MINING

Jul 21, 2014 . “The decision has been made to possibly exit certain assets that will be better placed in the hands of a new owner.” The assets on the block, disclosed the company, are its Union and Rustenburg mines in South Africa and its Pandora joint venture.. The Union and Rustenburg operations account for just.

Anglo American Platinum Overview and Update

Nov 23, 2016 . law, the Listings Requirements of the securities exchange of the JSE Limited in South Africa and other applicable regulations) to release publicly any updates .. Repositioning of the portfolio making progress. Rustenburg ✓. Pandora ✓. Union. Bokoni. Kroondal. Non-core Assets. Restructuring since 2013…

Amplats to sell Pandora to Lonmin for R400m to R1bn. - Miningmx

Nov 11, 2016 . Amplats' deal momentum has been high in the last quarter having completed the sale of Rustenburg Platinum Mines to Sibanye Gold as well as R1bn worth of mineral rights to Northam Platinum. It also signed a new wage agreement with the Association of Mineworkers & Construction Union (AMCU).

World's Biggest Platinum Producer to Sell Some of its S. Africa Mines

The decision has been made to possibly exit certain assets that will be better placed in the hands of a new owner,” Amplat said in a statement. The company plans to sell its Union and Rustenburg mines as well as its Pandora joint-venture mine. The Union and Rustenburg mines account for over a quarter of Amplat's annual.

Anglo American Sells One of Its Platinum Mines | National Jeweler

Feb 16, 2017 . Workers exiting the Union platinum mine in South Africa. . Anglo American Platinum (Amplats) is selling its 85 percent stake in the Union Mine in Rustenburg, South Africa, along with its 50.1 percent interest in MASA . Union is one of 15 platinum group metal mines that Amplats has a stake in or owns.

Anglo American Platinum swings to 2016 profit - MarketWatch

Feb 15, 2017 . The Johannesburg-listed miner reported net profit of 632 million South African rand ($48.3 million) for the year, up from a loss of ZAR12.36 billion in 2015 and . Amplats announced in a separate statement Wednesday that it has agreed to sell its 85% interest in its Union Mine and its 50.1% interest in Masa.

Annual Report - Anglo American Platinum

Feb 4, 2016 . Incorporated in the Republic of South Africa. Date of incorporation: 13 July 1946 . Rustenburg mine, including Western Limb Tailings Retreatment, had an improved production performance in the ... Amplats plans to exit the non-core assets of Rustenburg, Union,. Bokoni and Pandora. 6 Anglo American.

Anglo American Job Cuts Strike at Core of South Africa's Mining .

Dec 15, 2015 . Anglo American Job Cuts Strike at Core of South Africa's Mining Industry. Anglo American Platinum, or Amplats, had already planned to sell its Union mine and is in talks to exit joint ventures that operate two more—Pandora and Bokoni. Current restructuring plans at Bokoni are expected to lead to 2,500.

Rothschild's Anglo American to Sell South African Mines .

Jul 23, 2014 . “The decision has been made to possibly exit certain assets that will be better placed in the hands of a new owner.” The assets on the block, disclosed the company, are its Union and Rustenburg mines in South Africa and its Pandora joint venture… The Union and Rustenburg operations account for just.

Untitled - Anglo American Platinum

The mining operations of Amplats consist of managed mines, joint venture mines and associate mines across South Africa and Zimbabwe. These mines ... Vishnu Pillay Executive head.joint ventures and exit operations. OPERATIONAL REVIEW. In association with our JV partners, significant work over the last six years has.

Rustenburg schools get a facelift - ShowMe™ South Africa

Jun 24, 2014 . Eight schools were presented with Cashbuild building material vouchers to the value of R12 000 each during the Cashbuild Rustenburg store opening ceremony on 12 June. Children from the schools entertained everyone present with singing, cultural dances and theatrical performances. Thanks to the.

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