The Expansion of Platinum Mining in South Africa the Expansion Rustenburg Blue Ridge
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Modikwa-SLP-2019-2023.Pdf
1 | P a g e Table of Contents SECTION 1 ....................................................................................................................................................................................6 UNDERTAKING (Regulation 46 (f) ............................................................................................................................................6 INTRODUCTION ......................................................................................................................................................................7 ACRONYMS AND ABBREVIATIONS .......................................................................................................................................7 GLOSSARY................................................................................................................................................................................9 SECTION 2 ................................................................................................................................................................................. 12 PREAMBLE (Regulation 46 (a) ............................................................................................................................................... 12 2.1 LOCATION OF MINE .......................................................................................................................................................13 2.2 OWNERSHIP OF THE MINE ...........................................................................................................................................13 -
Integrated Annual Report 2020
ANGLO AMERICAN PLATINUM LIMITED INTEGRATED ANNUAL REPORT 2020 REPORT ANNUAL INTEGRATED Integrated annual report 2020 Anglo American Platinum Limited Purpose: re-imagining mining to improve people’s lives We are grounded in our purpose to re-imagine mining to improve people’s lives. We are transforming the very nature of mining for a safer, cleaner, smarter future. We are using more precise technologies, less energy and less water; we are reducing our physical footprint for every ounce of PGM and base metal we produce. We are combining smart innovation with the utmost consideration for our people, their families, local communities, our customers, and the world at large – to better connect precious resources in the ground to all of us who need and value them. Our focus is on our four strategic priorities to deliver the next phase of value creation for stakeholders. – Stimulate new markets and leverage new capabilities – Embed anti-fragility across our business – Maximise value from our core – Be a leader in ESG Refers to other pages in this report Supporting documentation on the website Full annual financial statements (AFS) Full Ore Reserves and Mineral Resources report Environmental, social and governance (ESG) report Notice of annual general meeting www.angloamericanplatinum.com/investors/annual-reporting/2020 Contents 1 Our report 4 Strategy, PGM markets and 99 Our economic contribution in Zimbabwe business model in 2020 1 Approach to reporting 101 Mining and concentrator operations review 2 Reporting principles 38 Strategic priorities -
Bushveld Minerals Limited Competent Persons Report on the Brits Vanadium Project North West and Gauteng Provinces, South Africa
Bushveld Minerals Limited Competent Persons Report on the Brits Vanadium Project North West and Gauteng Provinces, South Africa Prepared by The MSA Group (Pty) Ltd for: Bushveld Minerals Limited Prepared By: Mr Jeremy Witley Pr.Sci.Nat., FGSSA Mr Richard Garner Pr.Sci.Nat. Mr André J. van der Merwe Pr.Sci.Nat. FGSSA, MAusIMM Effective Date: 18 June 2019 Report Date: 01 November 2019 MSA Project No.: J4065 This Competent Person’s Report has been prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) 2012 Edition. IMPORTANT NOTICE This report was prepared as a Competent Persons Report, prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) 2012 Edition, for Bushveld Minerals Limited (“BMN”) by The MSA Group (Pty) Ltd (“MSA”), South Africa. The quality of information, conclusions and estimates contained herein is consistent with the level of effort involved in MSA’s services, based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended for use by BMN subject to the terms and conditions of its contract with MSA. Except for the purposes legislated under the United Kingdom Listing Authority in connection with the requirements of the London Stock Exchange, any other uses of this Report by any third party are at that party’s sole risk. EXECUTIVE SUMMARY 1.1 General The MSA Group (Pty) Ltd (“MSA”) was commissioned by Bushveld Minerals Limited (“BMN”) to complete an Independent Competent Person’s Technical Report (“CPR” or “the Report”) and maiden Mineral Resource Statement on the Brits Vanadium Project (“the Project”) in accordance with the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves (the “JORC Code” or the “Code”), 2012 Edition. -
Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the Southern African Customs Union
University of Denver Digital Commons @ DU Electronic Theses and Dissertations Graduate Studies 1-1-2012 Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the Southern African Customs Union Patrick Grant McLennan University of Denver Follow this and additional works at: https://digitalcommons.du.edu/etd Part of the African Studies Commons, Economics Commons, International Relations Commons, and the Natural Resource Economics Commons Recommended Citation McLennan, Patrick Grant, "Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the Southern African Customs Union" (2012). Electronic Theses and Dissertations. 422. https://digitalcommons.du.edu/etd/422 This Thesis is brought to you for free and open access by the Graduate Studies at Digital Commons @ DU. It has been accepted for inclusion in Electronic Theses and Dissertations by an authorized administrator of Digital Commons @ DU. For more information, please contact [email protected],[email protected]. Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the Southern African Customs Union __________ A Thesis Presented to the Faculty of the Josef Korbel School of International Studies University of Denver __________ In Partial Fulfillment of the Requirements for the Degree Master of Arts __________ by Patrick G. McLennan August 2012 Advisor: Dr. Barry B. Hughes Author: Patrick G. McLennan Title: Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the Southern African Customs Union Advisor: Dr. Barry B. Hughes Degree Date: August 2012 ABSTRACT An increase in the number of multinational enterprises (MNEs) has increased the attention on cross-border challenges, such as transfer price manipulation (TPM). -
The Impact of Platinum Production from Ug2 Ore on Ferrochrome Production in South Africa
THE IMPACT OF PLATINUM PRODUCTION FROM UG2 ORE ON FERROCHROME PRODUCTION IN SOUTH AFRICA L.A. Cramer1, J. Basson2 and L.R. Nelson3 1 Anglo Platinum Corporation, 55 Marshall St, Johannesburg, South Africa. E-mail: [email protected] 2 Pyrotek Consulting, South Africa. E-mail: [email protected] 3 HATCH, Private Bag X20, Gallo Manor, 2052, South Africa. E-mail: [email protected] ABSTRACT The South African based platinum mines produce the world’s majority of platinum metal that is used in autocatalysts and jewellery. As the platinum market is forecast to grow at healthy rates into the future, the South African producers, Anglo Platinum, Impala, Lonmin and Northam are planning to expand in the next decade. Furthermore a number of smaller producers who are accessing other mineral rights are entering the buoyant market. The South African platinum mines have traditionally exploited the Merensky reef of the Bushveld Igneous Complex (BIC); however, the mining of this reef is reaching depths that require significant vertical shaft systems and costly refrigeration for access to the ore bodies at deeper levels. In the past decade all of the producers have begun to mine the less attractive UG2 reef because of its cheaper mining costs. This UG2 reef contains significant quantities of chromite with typically a chrome-to-iron (Cr/Fe) ratio of 1.35. UG2 ores can contain between 10 and 25% Cr2O3 depending upon the reef width and the selected mining method. It is relatively cheap and easy to extract a portion of the chromite from a platinum concentrator tailings stream at a grade of between 40-42% Cr2O3. -
The Mineral Industry of South Africa in 2014
2014 Minerals Yearbook SOUTH AFRICA U.S. Department of the Interior December 2017 U.S. Geological Survey THE MINERAL INDUSTRY OF SOUTH AFRICA By Thomas R. Yager The Republic of South Africa remained one of the world’s 26% by 2014. Companies are allowed to use the value of their leading mining and mineral-processing countries. In 2014, domestic beneficiation activities as credit for up to 11% of South Africa’s estimated share of world mined platinum their black ownership requirements. Companies are required to production amounted to 64%; refined rhodium, 56%; refined purchase 70% of their services, 50% of their consumable goods, platinum, 55%; chromite ore, 52%; kyanite and other materials, and 40% of their capital goods from BEE entities by 2014. 50%; vermiculite, 38%; mined palladium, 30%; manganese, Companies are also required to report progress annually on 29%; vanadium, 25%; refined palladium, 23%; refined gold, the development of near-mine communities, the sustainability 9%; mined gold, 5%; coal and fluorspar, 4% each; mined cobalt, of growth and development, and mineral beneficiation iron ore, and nickel, 2% each; aluminum, bentonite, refined (Creamer, 2010). cobalt, ferrosilicon and silicon metal combined, phosphate In September 2013, the Government issued a directive that rock, and silica sand, 1% each. South Africa also played a mandated that scrap metal dealers offer domestic buyers the globally significant role in the production of diamond, ilmenite, opportunity to purchase scrap metal at a discount of 20% to rutile, and zircon (BP p.l.c., 2015, p. 32; Cobalt Development international spot prices before receiving a permit to export Institute, 2015; CPM Group, 2015, p. -
Global Exploration and Production Capacity for Platinum-Group Metals from 1995 Through 2015
Global Exploration and Production Capacity for Platinum-Group Metals From 1995 Through 2015 Scientific Investigations Report 2012–5164 U.S. Department of the Interior U.S. Geological Survey Cover. Map of the world showing the locations where platinum-group metals were produced in 2010 (red circles), where facilities were being developed (yellow squares), and where sites were at such an advanced stage of exploration that the deposit was likely to begin production by 2015 (green triangles). Base derived from Global Multiresolution Terrain Elevation Data 2010 and data are from Johnson Matthey plc (2010) and Butler (2011, p. 16–23). Global Exploration and Production Capacity for Platinum-Group Metals From 1995 Through 2015 By David R. Wilburn Scientific Investigations Report 2012–5164 U.S. Department of the Interior U.S. Geological Survey U.S. Department of the Interior KEN SALAZAR, Secretary U.S. Geological Survey Marcia K. McNutt, Director U.S. Geological Survey, Reston, Virginia: 2012 For more information on the USGS—the Federal source for science about the Earth, its natural and living resources, natural hazards, and the environment, visit http://www.usgs.gov or call 1–888–ASK–USGS. For an overview of USGS information products, including maps, imagery, and publications, visit http://www.usgs.gov/pubprod To order this and other USGS information products, visit http://store.usgs.gov Any use of trade, firm, or product names is for descriptive purposes only and does not imply endorsement by the U.S. Government. Although this information product, for the most part, is in the public domain, it also may contain copyrighted materials as noted in the text. -
Cops Foil Armed Robbers
p 4 17 March 2017, PLATINUM WEEKLY, 50 Marais Street, Tel: 014 592 5653, Fax: 011 252 6669, E-mail: [email protected] MAGALIESBERG Cops foil armed robbers Rustenburg – Sunday morning, 12 March 2017 about When the police arrived on scene, two suspects man- rescue successful 09h30, a clothing shop in CBD Rustenburg, in Fatima DJHGWRÀHHWKHVFHQHEXWWKHSROLFHPDQDJHGWRDU- Bhayat street, was the target of three armed men. rest one suspect. A female employee of the shop was tending to her The staff members and customers were found un- work, when a man entered the shop and instructed her harmed. to be quiet. He was followed by two armed men. 7KH SROLFH FRQ¿VFDWHG D PP SLVWRO DQG ¿YH OLYH The gunmen ordered the employees and clients into rounds at the scene. The get-away vehicle was also the stock room, while the manager was ordered to col- impounded. lect all cell phones and place them in a box. “The Fidelity personnel and the police members are While he was collecting the phones, a man from Fi- commended for outstanding work under life-threaten- delity visited the shop. One of the ladies in the shop ing circumstances,” Captain Elsabé Augoustides, po- signalled the Fidelity guard, that he indeed entered a lice spokesperson, said. hostage situation. The suspect, Lesego Mokwape, appeared before the He left the shop and immediately contacted the police Rustenburg Magistrates’ Court and remains in custody. An elderly lady slipped and fell along a hiking trail in a very for backup. Investigations continue. inaccessible area in the Magaliesberg. Magaliesberg – Netcare 911 paramedics were sum- moned to assist Mountain Rescue, the South African MORE DONKEY SKINS DISCOVERED AT A Air force from 17 Squadron and a team from Off Road Rescue Unit, to locate and treat a 77-year old woman. -
African Rainbow Minerals Limited Incorporated in the Republic of South Africa Registration Number 1933/004580/06 ISIN Code: ZAE000054045
African Rainbow Minerals Limited Incorporated in the Republic of South Africa Registration number 1933/004580/06 ISIN code: ZAE000054045 PROVISIONAL RESULTS FOR THE YEAR ENDED 30 JUNE 2017 Shareholder information Issued share capital at 30 June 2017 218 702 457 shares Market capitalisation at 30 June 2017 ZAR18.4 billion Market capitalisation at 30 June 2017 US$1.4 billion Closing share price at 30 June 2017 R84.31 12-month high (1 July 2016 - 30 June 2017) R126.90 12-month low (1 July 2016 - 30 June 2017) R67.26 Average daily volume traded for the 12 months 855 019 shares Primary listing JSE Limited JSE Share Code ARI ADR ticker symbol AFRBY Investor relations Jongisa Magagula Corporate Development and Head of Investor Relations Telephone: +27 11 779 1300 Email: [email protected] Company secretary Alyson D'Oyley, BCom, LLB, LLM Telephone: +27 11 779 1300 Email: [email protected] Salient features - Headline earnings increased by 204% to R3 196 million (F2016: R1 051 million). Headline earnings per share were 1 684 cents compared to 494 cents in the previous corresponding financial year. - Dividend declared increased by 189% to 650 cents per share (F2016: 225 cents per share). This is the highest dividend to date and is ARM's eleventh consecutive annual dividend. - Basic earnings were R1 372 million (F2016: R565 million basic loss) and include: - an attributable impairment previously reported in the interim results for the six months ended 31 December 2016 (1H F2017) of the Nkomati Mine assets of R711 million after tax; and - an attributable impairment previously reported in 1H F2017 of the Modikwa Mine assets of R734 million after tax and non-controlling interest; and - an attributable partial impairment reversal of the Lubambe Mine assets of R144 million after non-controlling interest following the classification of Lubambe Mine as an operation held for sale. -
PLATINUM MINING in SOUTH AFRICA May 2009 Platinum Mining in South Africa Contents May 2009
PLATINUM MINING IN SOUTH AFRICA May 2009 Platinum Mining in South Africa Contents May 2009 Sources of platinum 3 South Africa 3 Russia 3 North America 4 Canada 4 United States 5 Zimbabwe 5 Global Market 7 Platinum supply 7 Platinum demand 7 Automotive demand 7 Jewellery demand 8 Industrial demand 8 Platinum investments 8 Platinum price 8 Outlook 9 Legislative and policy environment 11 Major platinum projects currently under development in South Africa 18 Main participants 22 Anglo Platinum 22 Impala Platinum 32 Lonmin 42 Northam Platinum 45 Aquarius Platinum 48 African Rainbow Minerals Platinum 52 Royal Bafokeng Resources 56 The material contained in this report was compiled by Paul Serebro and the Research Unit of Creamer Media (Pty) Ltd, based in Johannesburg, South Africa. To contact Creamer Media call +27 11 622 3744 or email [email protected]. www.researchchannel.co.za Platinum Mining in South Africa Contents May 2009 Junior platinum companies and explorers 58 Jubilee Platinum 58 Lesego Platinum 59 Mmakau Mining 60 Nkwe Platinum 61 Platmin 63 Platinum Group Metals 65 Ridge Mining 67 Wesizwe Platinum 68 Xstrata 69 Main sources 70 www.researchchannel.co.za Platinum Mining in South Africa May 2009 Abbreviations Aim – Alternative Investment Market AQPSA – Aquarius Platinum South Africa Arm – African Rainbow Minerals ArmGold – African Rainbow Minerals Gold ASACS – Aquarius Platinum South Africa Corporate Services ASX – Australian Securities Exchange BEE – black economic empowerment BFS – bankable feasibility study Bits – -
Mineral Resource and Mineral Reserve Statement 2016
Mineral Resource and Mineral Reserve Statement 2016 Supplement to the integrated annual report 30 June 2016 Our values WE RESPECT O all our stakeholders, including: O the principles of the UN Global Compact – shareholders O the laws of the countries within which we operate – employees and their representative bodies O Company policies and procedures – communities within which we operate O our place and way of work – regulatory bodies O open and honest communication – suppliers and customers O diversity of all our stakeholders – directors and management O risk management and continuous improvement philosophies – all other interested and affected parties Our vision is to be the world’s best platinum-producing company, delivering superior returns to stakeholders relative to our peers Our mission is to safely mine, process, refine and market our products at the best possible cost, ensuring sustainable value creation for all our stakeholders WE CARE WE STRIVE TO DELIVER O for the health and safety of all our stakeholders O positive returns to our stakeholders through an operational O for the preservation of natural resources excellence model O for the environment in which we operate O a safe, productive and conducive working environment O for the socio-economic well-being of the communities O on our capital projects within which we operate O a fair working environment through equitable and competitive human capital practices O on the development of our employees O on our commitments to all our stakeholders O quality products that meet or exceed -
DERA Rohstoffinformationen
22 DERA Rohstoffinformationen Investor’s and Procurement Guide South Africa Part 2: Fluorspar, Chromite, Platinum Group Elements Impressum Editors: Dr. Peter Buchholz, Head of the German Mineral Resources Agency (DERA) within the Federal Institute for Geosciences and Natural Resources (BGR) Wilhelmstraße 25 – 30 13593 Berlin Tel.: +49 30 36993 226 Fax.: +49 30 36993 100 [email protected] www.deutsche-rohstoffagentur.de Dr. Stewart Foya, Head of the Department of Mineral Resources Development at the Council for Geoscience (CGS) 280 Pretoria Street, Silverton Pretoria, South Africa Tel.: +27 12 841 1101 Fax.: +27 86 679 8334 [email protected] Authors: Dr. Peter Buchholz (BGR), Dr. Katrin Kärner (BGR), Abdul O. Kenan (CGS), Dr. Herwig Marbler (BGR), Rehan Opperman (CGS), Dr. Simone Röhling (BGR) Project Dr. Herwig Marbler (BGR) coordination: Rehan Opperman (CGS) Contact Dr. Herwig Marbler: [email protected] BGR: Contact Rehan Opperman: [email protected] CGS: Date: October 2015 Cover Images: © Anglo American Platinum Ltd. ISBN: 978-3-943566-26-0 (print version) ISBN: 978-3-943566-25-3 (online pdf version) ISSN: 2193-5319 Reference: Buchholz, P. & Foya, S. (2015) (eds.): Investor’s and Procurement Guide South Africa Part 2: Fluorspar, Chromite, Platinum Group Elements. – DERA Rohstoffinformationen 22: 120 pp.; Berlin. Berlin, 2015 Die Bundesanstalt für Geowissenschaften und Rohstoffe ist eine technisch-wissenschaftliche Oberbehörde im Geschäftsbereich des Bundesministeriums für Wirtschaft und Energie (BMWi). Investor‘s and Procurement Guide South Africa Part 2: Fluorspar, Chromite, Platinum Group Elements Published jointly by the German Mineral Resources Agency (DERA) and the Council for Geoscience, South Africa (CGS) Investor’s and Procurement Guide South Africa 3 Foreword This is the second part of the “Investor’s and Procurement Guide South Africa”, a handbook for investing, procuring raw mineral materials and doing business in South Africa’s mineral industry.