December 10, 2016 10:11 AM ET

Metals and Mining

Company Overview of Rustenburg Platinum Mines Limited

Company Overview

Rustenburg Platinum Mines Limited owns and operates platinum mines in South Africa. It mines, refines, and smelts platinum. The company was incorporated in 1931 and is based in Johannesburg, South Africa. As of November 1, 2016, Rustenburg Platinum Mines Limited operates as a subsidiary of Sibanye Gold Limited.

55 Marshall Street

Marshalltown

Johannesburg,  2001

South Africa

Founded in 1931

Phone:

27 11 373 6111

Fax:

27 11 373 5111

Key Executives for Rustenburg Platinum Mines Limited

Rustenburg Platinum Mines Limited does not have any Key Executives recorded.

Rustenburg Platinum Mines Limited Key Developments

Rustenburg Reportedly Puts Up Its Stake in Atlatsa For Sale

Rustenburg Platinum Mines Limited reportedly puts up its 22.5% stake in Atlatsa Resources Corporation (TSX: ALT) for sale.

Rustenburg Platinum Mines Plans 2,000 Jobs Cuts at Union and Twickenham Mines in South Africa

Rustenburg Platinum Mines Limited announced its plan to axe up to 2,000 jobs at its Union and Twickenham mines in South Africa, amid slump in commodity prices. The decision is a part of the company's restructuring plans at these mines. The firm has already commenced significant restructuring efforts at the Union mine in a bid to reduce overhead and operating costs.

International Ferro Metals (SA) (Pty) Limited Enters into Supply Agreement with Rustenburg Platinum Mines Limited

International Ferro Metals Limited announced that its subsidiaries, International Ferro Metals (SA) (Pty) Limited (“IFMSA”) and International Ferro Metals SA Holdings (Pty) Ltd. ("IFMSAH") have entered into a settlement agreement with Rustenburg Platinum Mines Limited ("RPM") regarding its interests under a chromite supply agreement under which RPM is obliged to supply UG2 chrome ore to IFMSA. The terms of the settlement are that RPM will supply IFMSA with 10,000 tonnes of UG2 per month for calendar year 2016 at no cost and 7,500 tonnes per month from January 2017 to November 2020 at a cost of ZAR 170 per tonne. The backlog of approximately 57,000 tonnes at the end of December 2015 will be supplied at a rate of 10,000 tonnes per month from January 2016, also at no cost. The original contract provided for RPM to supply 15,000 tonnes per month until November 2020 at no cost.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 11, 2016
Pandora Joint Venture
Merger/Acquisition
October 11, 2016
Rustenburg Platinum Mines Limited, Contiguous Additional Resources at Zondereinde Mine
 

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