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Platinum Group Metals News

Tharisa transitions to owner mining, absorbs 900 contractor personnel

By: Martin Creamer     22nd September 2017 Platinum group metal (PGM) and chrome co-producer Tharisa Minerals on Friday announced the unconditional purchase of mining equipment from MCC Contracts as part of its switch to owner mining, which includes the employment of 900 MCC employees, effective from October 1.  The company, which has... 

Fuel cell opportunity to save platinum mining

By: Simone Liedtke     22nd September 2017 With platinum being one of the most effective and durable catalysts in proton exchange membrane fuel cell technology (PEMFC), fuel cell and electrolyser technology developer Isondo Precious Metals (IPM) CEO Vinay Somera believes that this presents an opportunity for the South African platinum... 

Fuel cell opportunity to save platinum mining
Photo by Duane Daws
VINAY SOMERA The drive to zero emissions also represent the “single biggest opportunity” for the industry

Platinum mining to play role in emerging sector

By: Simone Liedtke     22nd September 2017 With there being a global increase in demand for all fuel cells, with low temperature platinum bearing fuel cells seeing the largest increase in market pull, independent analysis and advisory firm 4th Energy Wave CEO Dr Kerry-Ann Adamson believes that this creates an increasing opportunity for... 

Platinum mining to play role in emerging sector
Photo by HyPlat
HYPLAT A fuel cell company which uses indigenous developed technology

Platinum-group metals producer aiming to increase fuel cell demand

By: Simone Liedtke     22nd September 2017 To increase demand in the fuel cell (FC) industry, platinum group metals producer Impala Platinum (Implats) aims to take its Impala Platinum Refinery off the State-owned power utility Eskom grid and power the refinery using FC technology, with commercial operation of its first phase aimed to... 

Platinum-group metals producer aiming to increase fuel cell demand
FAHMIDA SMITH The development of the 8 MW fuel cell is an exciting development in Implats’ move towards a carbon-neutral fuel source at its refinery

SA platinum miners enter recycling market despite ‘mixed’ expectations

By: David Oliveira     22nd September 2017 Despite the mixed performance and expectations of the recycling industry, local platinum producers Sibanye Resources and Northam Platinum this year entered the platinum-group metals (PGM) recycling market. Platinum recycling is projected to decline by 6% year-on-year to 1.76-million ounces this... 

SA platinum miners enter recycling market despite ‘mixed’ expectations

Surge in fuel cell demand would aid platinum’s future

By: Simone Liedtke     22nd September 2017 As a means of promoting beneficiation, South African Chamber of Mines (CoM) administration head Jeannette Hofsajer says the platinum-based fuel cell installed at its offices is just the start in a potentially vast surge in demand for fuel cell units, which would positively impact on the platinum... 

Surge in fuel cell demand would aid platinum’s future
FACING RESISTANCE Using fuel cells to replace petrol and diesel power is facing consumer resistance

Pan African rolling out vibrant internal growth projects 

By: Martin Creamer     21st September 2017 Midtier gold mining company Pan African is rolling out vibrant internal growth projects involving the revival of Evander Mines’ 7 Shaft and the alleviation of congestion at Barberton Mines’ Fairview operation, which will provide the flexibility needed to better exploit what is arguably the... 

Pan African rolling out vibrant internal growth projects
Pan African Resources CEO Cobus Loots outlines gold growth projects to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Johnson Matthey to invest £200m in battery material technology

By: Reuters     21st September 2017 Johnson Matthey said it will invest an initial £200-million in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company said the overall market "could be (worth) more than $30-billion (in) sales... 

Third of Pan African gold from low-cost, low-risk surface tailings 

By: Martin Creamer     20th September 2017 More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results... 

Third of Pan African gold from low-cost, low-risk surface tailings
Pan African Resources CEO Cobus Loots at the financial results presentation covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer 20.09.2017

Pan African poised for growth, proposes R185m final dividend

By: Martin Creamer     20th September 2017 Precious metals mining company Pan African, which on Wednesday proposed a R185-million final dividend, reports that it is poised for growth as remedial action regarding its operational challenges in the 12 months to June 30 delivers expected results. The London- and Johannesburg-listed company,... 

Pan African poised for growth, proposes R185m final dividend
Photo by Duane Daws
Pan African CEO Cobus Loots

Rockfall kills two miners at Impala Platinum’s Rustenburg mine

By: News24Wire      20th September 2017 Two miners died when a rock fell on their heads while drilling in shaft 12 of Impala Platinum’s Rustenburg mine on Tuesday morning, the mine said. The two men, aged 31 and 34, died at the scene, Impala Platinum spokesperson Johan Theron told News24. 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Electric buses expected to spur platinum demand – Implats
Photo by Duane Daws
Impala Platinum (Implats) group executive marketing Paul Finney

Sibanye-Stillwater announces $450m convertible bond offering

By: Martin Creamer     19th September 2017 Precious metals mining company Sibanye-Stillwater on Tuesday announced the impending launch of a $450-million convertible bond offering linked to the refinancing of the outstanding portion of the bridge loan the company raised to buy Stillwater Mining in the US. The senior unsecured guaranteed... 

Sibanye-Stillwater announces $450m convertible bond offering
Photo by Duane Daws
Sibanye-Stillwater CEO Neal Froneman

Eastplats’ report confirms Barplats reserves, economics

By: Natasha Odendaal     18th September 2017 Eastern Platinum’s (Eastplats’) independent technical report (ITR), chrome mineral reserve estimate and economic assessment on its Barplats Zandfontein UG2 tailings storage facility (TSF), located at Crocodile river mine, has been completed, the dual-listed miner said on Monday. The ITR,... 

2 500 jobs at risk at lossmaking Impala Rustenburg

By: Martin Creamer     18th September 2017 South Africa’s second-largest platinum mining company has initiated a process that may lead to 2 500 staff reductions at its lossmaking Impala Rustenburg operation, where financial sustainability has deteriorated significantly in recent years.  The Johannesburg Stock Exchange-listed Impala... 

2 500 jobs at risk at lossmaking Impala Rustenburg
Photo by Duane Daws
Implats CEO Nico Muller

Sibanye-Stillwater lifts PGM grade at brownfield Stillwater mine extension

By: Henry Lazenby     15th September 2017 Recently minted Sibanye-Stillwater has successfully extended the platinum group metals (PGM) mineralisation at the Blitz project, in Montana – a brownfield extension of the existing Stillwater mine. The company announced on Friday that mineralised ore at the Blitz project had been intersected in... 

Platinum body expects market to maintain balance this year

By: Mia Breytenbach     15th September 2017 The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ report shows. The report, published earlier this month, incorporates analysis of platinum supply and... 

Platinum body expects market to maintain balance this year
Photo by Bloomberg
SECTOR STRENGTH There is continued resilience of platinum demand from the automotive sector, as well as from the platinum jewellery sector

Five new pumps supplied to Limpopo platinum mine

     15th September 2017 Supplier of mining system solutions Becker Mining South Africa has supplied five hydro solids (HS) slurry pumps to a new furnace slag granulation process plant at a platinum mine in Limpopo ahead of schedule. 

Sandvik invests in local equipment facility, launches new low-profile load haul dumpers 

By: Ilan Solomons     15th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology last week officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load haul... 

Sandvik invests in local equipment facility, launches new  low-profile load haul dumpers
Sandvik Southern Africa sales area VP Simon Andrews and Ekurhuleni mayor Mzwandile Masina discuss the importance of Sandvik’s new production facility

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Lossmaking operations will not be supported – Implats
Photo by Duane Daws
Implats CEO Nico Muller

Implats reports headline loss, sees low prices as ‘new normal’

By: Martin Creamer     14th September 2017 Platinum mining company Implats, which reported an impairment-impacted 137 cents per share headline loss in the 12 months to June 30, sees the lower-for-even-longer metal price environment as 'the new normal'. In presenting results for its financial year to June 30, the JSE-listed company... 

Implats reports headline loss, sees low prices as ‘new normal’
Photo by Duane Daws
Implats CEO Nico Muller

Ballard surges on design that reduces platinum in fuel cells

By: Bloomberg     14th September 2017 Ballard Power Systems, a supplier of fuel-cell power systems, surged to a three-year high after announcing a technology breakthrough that replaces most of the high-cost platinum used in earlier design. Ballard gained 24% to $4.59 at 3:08 pm, in New York, the most intraday in more than a year and... 

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

Lonmin says licence not at risk after Ministry warning

By: Reuters     13th September 2017 The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy. The London-listed miner received a letter last week from South Africa's... 

Lonmin woes make its stock the top sell call in Johannesburg

By: Bloomberg     12th September 2017 Lonmin is struggling to find admirers among analysts, who have doubled the number of sell recommendations on its Johannesburg stock in the past two years. The world’s third-largest platinum producer has 16 sell calls, more than any other member of South Africa’s FTSE/JSE Africa All Share Index,... 

Lonmin woes make its stock the top sell call in Johannesburg

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM
African Rainbow Minerals CEO Mike Schmidt discusses of price premiums being paid for quality with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Zim platinum miner reports positive quarter

     8th September 2017 JSE-listed platinum group metals producer Impala Platinum subsidiary Zimplats experienced a positive period in the quarter ended June 30, reporting a safety milestone, greater tonnes mined and ore milled, and revenue growth. During the quarter, Zimplats recorded 365 lost-time-injury- (LTI-) free... 

Zim platinum miner reports positive quarter
Photo by Bloomberg
NOTABLE MILESTONE Zimplats recorded 365 lost-time-injury-free days on April 9

South African mining must be made globally competitive – Motsepe 

By: Martin Creamer     7th September 2017 All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination, said African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe on Thursday, when he declared the black-controlled company’s highest-ever dividend.... 

South African mining must be made globally competitive – Motsepe
All South Africans need to work together to ensure that the South African mining industry is a globally competitive investment destination. Video and editing: Darlene Creamer 7.9.2017

Mining production growth slows to 0.9% y/y in July

By: Anine Kilian     7th September 2017 Mining production growth slowed to 0.9% year-on-year in July, compared with production growth of 1.3% year-on-year in June. Statistics South Africa’s (Stats SA’s) latest mining production report, published on Thursday, showed that manganese ore, chromium ore, diamonds and gold were the main... 

Resources Watch  

     7th September 2017 Palladium-propelled US buy quickly paying its own way; And, Northam ploughs 80% more funding into platinum jewellery marketing 

Resources Watch
Resources Watch

Amplats worker dies after chemical incident at refinery

By: African News Agency      7th September 2017 An Anglo American Platinum (Amplats) employee has died from his injuries after suffering chemical burns in an accident at the company’s Precious Metals Refinery (PMR) in Rustenburg. Amplats said the incident occurred on August 21 but the employee succumbed to his injuries on Tuesday this week. 

African Rainbow Minerals dividend payout soars to record level

By: Martin Creamer     7th September 2017 Diversified mining company African Rainbow Minerals (ARM), which saw its headline earnings soar in the 12 months to June 30, has catapulted its dividend to heady heights. The 189%-higher dividend of 650 cents a share is ARM’s highest dividend to date and the eleventh consecutive yearly dividend... 

African Rainbow Minerals dividend payout soars to record level
Photo by Duane Daws
African Rainbow Minerals executive chairperson Patrice Motsepe.

Royal Bafokeng Platinum in $74m Maseve deal

By: Martin Creamer     6th September 2017 Black-controlled platinum mining company Royal Bafokeng Platinum (RBPlat) has entered into a $74-million term sheet transaction with Platinum Group Metals (PTM) to acquire the concentrator plant and surface assets of the Maseve mine, including power and water. Both companies on Wednesday... 

Royal Bafokeng Platinum in $74m Maseve deal
Photo by Duane Daws
RBPlat CEO Steve Phiri

Platinum market expected to maintain balance amid continued supply constraints – WPIC

By: Mia Breytenbach     6th September 2017 The platinum market is expected to remain in fundamental balance, albeit with a small 15 000 oz deficit for this year, the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Quarterly’ report shows. The report, published on Wednesday, incorporates analysis of platinum supply and demand... 

Platinum market expected to maintain balance amid continued supply constraints – WPIC

Jubilee announces partnership agreement with DCM

By: Anine Kilian     5th September 2017 Through subsidiary Jubilee Tailings Treatment Company, JSE-listed Jubilee Minerals has executed a framework, treatment of tailings and chrome-ore agreement with Dilokong Chrome Mines (DCM), as well as a third-party ore agreement for the toll-refining of run-of-mine (ROM) chrome ore. The agreement... 

Sandvik unveils new R15m local production facility, launches new LHD line 

By: Ilan Solomons     5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... 

Sandvik unveils new R15m local production facility, launches new LHD line
Sandvik Southern Africa sales area VP Simon Andrews and Ekurhuleni mayor Mzwandile Masina discuss the importance of Sandvik’s new production facility

Eurasia in offtake negotiations with Glencore, Sinosteel and others

By: Mariaan Webb     4th September 2017 Precious metals miner Eurasia is in offtake negotiations with commodity trader Glencore, Chinese group Sinosteel and other unnamed parties for the life-of-mine production from its Monchetundra platinum and palladium project in Russia. In a projects update published on Monday, the company said... 

Challenges delay miner’s housing project

By: Nadine James     1st September 2017 The Gabonewe Housing Estate Development project, located near the town of Ledig in the North West province, has been delayed by various challenges, including cost constraints and stakeholder integration, says South African platinum group metals miner Wesizwe Platinum. Wesizwe’s Sustainable... 

Challenges delay miner’s housing project
PERSISTENT PROGRESS The development of the Bakubung platinum mine and its housing estate continue, despite economic challenges
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