Professional Documents
Culture Documents
13 February 2015
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13 FEBRUARY 2015
NEWS
.....the potential re-starting of the mine is expected to bring benefits to local communities,
both directly in terms of job creation and corporate social investment, and indirectly through
the associated benefits of economic activity in
the region. - Aquarius Platinum
Northam Platinum and Aquarius Platinum has announced in separate statements this week
that the companies have reached an agreement to the effect that Aquarius Platinum is to sell
Everest Platinum to Northam Platinum for R450 million in cash.
In the announcement, Northam CEO, Paul Dunne, says the consolidation of Everest
provides an excellent platform for Northam to develop the Booysendal Central and Booysendal South orebodies, market conditions permitting. These assets are an ideal geographical and operational fit for Northams Booysendal Division. Northam is confident that this
transaction will add significant shareholder value, unlocking a resource of approximately 60
million PGM ounces in an extremely capital efficient manner. (Editors emphasis)
The transaction between the two companies is subject to the fulfillment of certain conditions. The sale is broken into two parts, of which the first part entails the acquisition of the
mine, the related mining and processing infrastructure (including the concentrator plant and
the chrome plant) and all moveable and immovable property associated with the Everest
Mine for R400 million in cash on 26 June 2015 and is subject to approval by the competition
authorities.
Secondly, Northam will acquire the new order mining right in respect of the Everest Mine
for R50 million in cash. This part of the transaction is subject to consent by the Minister of
Mineral Resources for Aquarius Platinum to transfer the Everest Mining Right to Northam
in terms of section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of
2002.
In addition to the Purchase Agreement, Northam has concluded a contract mining and
mine management agreement with Aquarius Platinum in terms of which Northam will have
the right to, on behalf of Aquarius Platinum, mine platinum group metals at the Everest Mine
during the interim period between receipt of Competition Approval and closing of the second
part of the sale. Northam will also assume responsibility for care and maintenance of the
Everest Mining Assets from the date of receiving Competition Approval.
Background
The Everest Mining Assets are located adjacent to Northams Booysendal resource, on the
southern portion of the eastern limb of the Bushveld Complex near Mashishing (Lydenburg).
Aquarius Platinum placed the Everest Mine on care and maintenance in June 2012 in view
of prevailing adverse market conditions. The Everest Mining Assets comprise, inter alia, a
concentrator plant with a nameplate throughput capacity of 250 000 tonnes per month; a
chrome spiral recovery plant; a tailings dam and three decline shaft systems situated on the
Everest mining area. A portion of the land comprising the Everest mining area and forming
part of the Everest Mining Assets is owned by Aquarius Platinum. The balance of the land
comprising the Everest mining area is leased from the Bakone Ba Phetla Communal Property Association. Pursuant to the transaction, Northam will seek to enter into a new lease
agreement with the community.
Northam Platinum says the location of the Everest Mining Assets presents an ideal opportunity for Northam to unlock value at the Booysendal Central and Booysendal South orebodies
in a capital efficient manner, once market conditions improve.
13 FEBRUARIE 2015
NUUS
Eastplats
shareholders
approve Hebei
Zhongbo sale
Eastern Platinum Limited (Eastplats) has announced that at a
special meeting of shareholders held at the end of last week, it
has received overwhelming shareholder approval for the transaction with Hebei Zhongbo Platinum Company whereby Hebei
Zhongbo would acquire Eastplatss entire South African platinum
group metal business (including a majority of the interests held
by the companys existing minority partners and all loan agreements that Eastplats has with its subsidiary companies for a
total gross consideration of US$225 million payable in cash on
closing the acquisition.
The net proceeds of the acquisition transaction to Eastplast,
net of the Minority Interests buy-out, finders fee and estimated
transaction costs are expected to be approximately US$175
million.
Eastplats also announced that it has been informed by Hebei
Zhongbo that it hasreceived all necessary regulatory approvals from the Peoples Republic of China in connection with this
transaction.
Closing of the acquisition remains subject to certain other
conditions, including the necessary regulatory approvals from
South Africa, and is expected to occur during the second quarter
of 2015.
The Eastplats sale of South African assets to Hebei Zhongbo
include the companys development projects near Burgersfort
and Steelpoort.
13 FEBRUARY 2015
NEWS
are discussed is however very poorly attended as Platinum Gazette can testify.
By midday on Tuesday the road was cleared
again and traffic flow returned to normal.
13 FEBRUARIE 2015
NUUS
13 FEBRUARY 2015
NEWS
Ms Tebogo Modipa said: Government is doing well with regards to education. They are
giving the kids food in the schools and there
are bursaries for further studies. They have
to improve the roads however. In general the
state of the nation is well.
Mr. Karel Mathi said: There are areas that is all right, but others
that are not. They must not come with personal things. They should
rather start delivering the things people need. With him is Mr Danil
Mathebula.
Me. Pamela Fabi s:
Ek gaan die State of
the Nation Address
kyk en weer al die
promises hoor. Lets
just see if it will be
fulfilled this time.
Hulle moet focus
op onderwys hierdie jaar. Sommige
onderwysers wag tot
3 maande vir hul salaris, maar intussen
moet hulle vir ons
kinders skool gee.
Ta l k i n g
SONA
Ms. Itumeleng Mashile said: There are some
areas where we are not in a good state and
others that is good. Government is doing a
lot for sport so our nation is in a good sporting state, but in other areas there is still a lot
to do. First they have to give people water
and electricity and they should open more
schools as some children are being educated
under trees.
Mr. Peter Phasha said: I think our state of the nation is in between
good and bad. We are getting there, but slowly. Parliament should
this year focus on delivering water to the people. In the rural areas we
are still fetching water from the river. It is a problem. Access roads are
not good. The National Financial Scheme for students is not doing
enough to help with tertiary education. High Schools struggle with stationery not being delivered on time. Agriculture is also important. It is
the backbone of the economy. Government should assist all farmers
both subsistence and commercial. Take the politics out of farming
and leave the farmers to produce the food we need. With him is Ms
Julia Mpobane.
Mr David Apostle said: The state of our nation is not good. It feels
like they are not doing anything to improve it. I expect to hear more
promises during the State of the Nation Address, but I dont expect
delivery. We need electricity and water. We dont have the money to
buy bottles of water or get our own boreholes. Sometimes it is expected that people pay thousands for their own transformers before they
can get electricity. We just dont have that type of money.
Right: Mr Calvin Molomane said: Government stories are always complicated. I think
the politicians should this year focus on the
youth with providing bursaries and skills. It
will help alleviate unemployment.
13 FEBRUARIE 2015
tegrity is truly grateful to their trusted donors for the opportunity and love they have awarded to these students. The
students had a magnificent and a moving encounter which
cannot be exchanged for any price, as declared by one
of the students Sylvia. None of them wanted to depart.
None the less the students are looking forward to multiple
classes which will be conducted throughout the year on
specific Saturdays to keep them focused on their journey
to a life of integrity, principles, and restored self-identity.
The school wishes to thank the parents and school principals of the girls for their faith and trust. It is only through
such strong partnerships that we are able to bring dignity
and change to our girl child. Thank you ever so much and
we know with your support, the journey for our students
will be
something to
marvel in
the end.
(Information &
Photographs:
Stellar
School of
Integrity)
NUUS
Tubatse SAPS
visits Segashife
Secondary
School
Learners warned to stay away from crime
Tubatse SAPS and the Department of Social Development
visited Segashife Secondary
School in Mankele Village near
Penge.
The aim of the visit was to
engage with the learners to
ensure that they know exactly
what is expected from them at
school. Const. Letsoalo emphasized the issue of discipline
that remains a challenge in
schools. Many learners also
bring objects to school that
are not only dangerous, but
often illegal. The learners were
encouraged to stay away from
crime and work on their future
through education.
(Photographs & information:
Const. Nicodemus Letsoalo.
Tubatse SAPS)
NEWS
13 FEBRUARY 2015
Ouers en
onderwysers
het hard
gewerk in die
snoepie om
seker te maak
almal het
genoeg om te
eet en drink.
Die skool
bedank almal
vir hul harde
werk.
13 FEBRUARIE 2015
NUUS
Vinnig, ver en
hoog genoeg?
Vervolg vanaf bladsy 8
Die skole se atlete het aan verskillende
veld- en baanitems deelgeneem. n Lekker
gees het geheers en die atlete het dit baie
geniet om te wys wat in hulle steek.
Skool bedank
graag al die
beamptes van
die dag asook
die ondersteuningspersoneel.
Daar
was ook
mediese
bystand
vir enige
noodgevalle deur
die middag
se aktiwiteite by
die skool.
PUBLIC
NOTICE
2014/15 ADJUSTED BUDGET
Members of the society, Civil society, Business, Magoshi and
Magoshi are hereby notified that the Greater Tubatse Municipality
has in its Ordinary Council seating held on the 29th January 2015
adopted the 2014/15 Adjusted Budget.
For more information contact Mhangwana D @ 013 231 1326
during working hours.
Moja MM
Acting Municipal Manager
10
13 FEBRUARY 2015
Platinum Gazette
Adverteer/Advertise
hier/here:
1.Sport Klubs /Sport
Clubs
2.Betrekking/Vacancy
3.Dienste/Services
4. Oornag Akkommodasie/Overnight
accommodation
5. Troeteldiere/Pets
6. Persoonlik/Personal
7. Allerlei/Miscellaneous
8. Finansies/Financial
9. Te Huur/To Rent
10. Te Koop/For sale
4. Oornag Akkommodasie/
Overnight Accommodation
MONTHLY OR DAILY
ACCOMMODATION
IN BURGERSFORT
Khadimas Lodge
now open. 171
Nyala Street, Ext. 5,
Burgersfort. Opposite
Department of Labour.
Contact:
076 666 1100/013 231
8609
2 x 2 Bedroom Flats
to let in Burgersfort
Reasonable rates.
Contact:
076 666 1100
9. Te Huur/
For Rent
Lang en kort termyn
verblyf beskikbaar
op plaas 10km buite
Burgersfort op Lydenburg pad. Kontak
Miena op 082-9603689 of (013) 2317899.
Twee slaapkamer
woonstel te huur in
Burgersfort naby Tubatse Crossing Mall.
Skakel: 082 357
1954 / 083 244 6005
WANTED
Reaction officer,
controllers and
technicians needed
at Khadimas Security
Services.
Contact:
Riaz Abdullah on
072 471 7545/
072 684 6438
Platinum Gazette
- Stuart
Henderson
City
A1 Fisheries
Wholesale
Supa Save
Magaba Filling
Station
Dr Lornas Medical
Centre
Supa Quick Burgersfort
Temba Garage
SAPS Burgersfort
OK Minimark
Hendriks
Panelbeaters
Lebowa
Panelbeaters
Cheap Cheap#2
Dr Fouchs
Surgery
Modikwa Platinum
Mine
Twickenham
Platinum Mine
Remember to book
your advertisement
before or on a
Tuesday every week.
Call 013 231 7147
for more information.
Doing
business
without
advertising is
like winking
at a girl in the
dark.
You know
what you are
doing but
nobody else
does
Platinum
Gazette
Betrekking/
Vacancy
Mototolo
Dwarsrivier Mine
Sedimans Tuckshop Kalkfontein
Kubu Tavern
Kutullo
Dilokong Mine
Praktiseer SAPS
Ohirgstad SAPS
Burgersfort SAPS
Pick n Pay Steelpoort
PUBLIC
NOTICE
The Municipality has in its Ordinary Council meeting held on the 29th January
2015 adopted the 2013/14 Annual Report and the 2014/15 Mid Year report.
Those who are interested in perusing the documents should contact Tshilwane
MJ @ 013 231 1186 and Kgoete MP @ 013 231 1324 during office hours.
Other copies are available for inspection from 09th February 2015 at Burgersfort
Library, Ohrigstad, Ga-Mapodile and Praktiseer Satellite offices and all Tribal
offices.
Betrekkings/Vacancies
A world-class
opportunity
in Mining and
Beneficiation
The ASA Metals Smelter and its subsidiary, Dilokong Chrome Mine, are situated in the eastern limb
of the Bushveld Ingneous Complex (BIC), where some 83% of the worlds chrome reserves are
located. The key to our ongoing success has been continuous innovation and development. These
endeavours include: A chromium production mine An ore beneficiation plant Pelletising and
sinter plant Four 66 MVA production furnaces. These exciting developments have necessitated
the employ of only the best the mining profession has to offer. Join us at our operation, close to the
rapidly expanding town of Burgersfort in the Limpopo Province.
www.asametals.co.za
Written comments should reach the Secretariat Unit on or before 04th March
2015 in preparation for the MPAC Public hearing to be held on the 05th March
2015, 10h00 at Municipal Chamber. For more information please contact
Mphego SS @ 013 231 1130 0r Nkosi MN @ 013 231 1139 during working
hours.
Moja MM
Acting Municipal Manager
OWNERSHIP
13 FEBRUARY 2015
11
NUUS
Possible route
changes for
Comrades
Marathon 2015
The Comrades Marathon Association
(CMA) has announced that it is considering
a marginal change in the race route for
the 90th Comrades Marathon to be held on
Sunday, 31 May 2015.
CMA Race Director, Rowyn James has
explained that due to the GO!Durban
Integrated Rapid Public Transport Network
road-works in Josiah Gumede Road (Old
Main Road), Pinetown, a slight route deviation is being considered for Comrades race
day. This is in keeping with the CMAs strict
protocol on runner safety.
James says, The eThekwini Municipality and its contractors had met with CMA
representatives prior to the 2014 Comrades Marathon to discuss any potential
disruptions that such construction would
have on the Comrades Marathon race
route. The CMA has therefore decided to
consider amending the route accordingly
and will communicate the final outcome
to our runners and other stakeholders
in due course. James continues, The
construction in Pinetown does not adversely affect the route or the race and everything is being done by ourselves and the
Academic Achievers
rewarded with special outing
Mashifane Park,
R37 Road Burgersfort/Polokwane
* Cell: 076 848 3936
* Tel: 013 007 0836 * Burgersfort
Now
stripping BMW
Joshua Generations top achieving students were invited to Honour Roll trips during 2014
were invited to go on the Principals Honour Roll visit to Badplaas. The team had loads of fun
and are motivated to keep up their hard work this year.
(Photograph and Information: Joshua Generation).
Corsa Lite
Golf
Isuzu
Toyota Tazz
12
NEWS
13 FEBRUARY 2015
Platinum Gazette
SPORT
Taking the homeground advantage
Tubatse Chrome Golf Club had
an excellent weekend in the
league games.
One team played in Sabie and
two teams played at Tubatse
Chrome Club. Chrome A won 9-0
against Nelspruit. Chrome B won
9-0 against Sabie. Chrome C
unfortunately lost their game 9-0
against Sabie.
The IPS Competition winner
was Thinus Labuschagne with
40 points. Theunis Muller came
2nd with 37 points on a count out
and Baard Language 3rd on 37
points.