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Platinum Group Metals News

Implats surges ahead with platinum fuel cell power

By: Martin Creamer Impala Platinum (Implats) CEO Terence Goodlace is championing the marketing of platinum by surging ahead with plans to use platinum fuel cells to produce electricity at the Implats platinum refinery in Springs, on Gauteng’s East Rand. JSE-listed Implats, which is heavily supported by the strong... 

Atlatsa’s Bokoni mine achieves new production record

By: Megan van Wyngaardt Triple-listed Atlatsa Resources’ Bokoni mine, in South Africa, produced 194 036 platinum, palladium, gold and rhodium (4E) platinum-group metal (PGM) ounces in the 2014 financial year – a 13.9% increase on the 170 295 oz produced the year before. This was also the mine’s highest production since... 

Call for 1 000 MW platinum fuel cell commitment at chamber unveiling

By: Martin Creamer A call for platinum-rich South Africa to commit to 1 000 MW of platinum fuel cell-generated electricity by 2020 was made on Tuesday evening during the unveiling by Trade and Industry Minister Rob Davies of Africa’s first platinum fuel cell baseload power unit, which has been installed at the... 

Call for 1 000 MW platinum fuel cell commitment at chamber unveiling

Mining BEE ownership to be tested in court – Minister 

By: Martin Creamer Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim announcement on the outcome of... 

Mining BEE ownership to be tested in court – Minister
Photo by Duane Daws
Minister Ngoako Ramatlhodi (centre), chamber's Mike Teke (left) and DMR DG Dr Thibedi Ramontja

Sylvania’s Grasvally mineral resource at 64 900 t

Exploration work on the southern section of platinum processor and developer Sylvania Platinum’s Grasvally chrome project, in South Africa’s Bushveld Complex, has delivered a mineral resource of 64 900 t of high-grade chromite. Of the 64 900 t, 40.70% was chromium oxide (Cr2O3), with a... 

Minerals Minister to announce mining charter audit outcomes

By: Martin Creamer South Africa’s Mineral Resources Minister Ngoako Ramatlhodi will on Tuesday brief the media on the outcomes of the audit to assess the extent to which mining companies have complied with the Mining Charter in the ten years to 2014. This follows the Minister making in clear last month that the... 

Minerals Minister to announce mining charter audit outcomes
Photo by Duane Daws
Ngoako Ramatlhodi

Marikana report to Zuma by Tuesday 

By: Sapa The Farlam Commission of Inquiry was finalising its report into the events at Marikana and would hand it over to President Jacob Zuma before the end of March, it said on Saturday. "We are still operating within our terms of reference which says it should be done by the end of the month, which is... 

Marikana report to Zuma by Tuesday

Bauba makes first chrome shipment in platinum exploration funding move

By: Martin Creamer The JSE-listed Bauba Platinum, which is mining and selling chrome ore to fund its platinum exploration, this week shipped the first run-of-mine output from its maiden chrome horizon blast at the Moeijelik operation. Bauba last year entered into a two-year chrome-ore supply agreement with ASA... 

Bauba makes first chrome shipment in platinum exploration funding move
Photo by Duane Daws
Syd Caddy

Platfields remains in financial doldrums, to announce management change

By: Natalie Greve Precious metals explorer Platfields will soon announce changes to its executive management, telling shareholders on Friday that amendments to the company’s leadership had been driven by a depressed platinum environment, funding shortfalls and mining right validity concerns. “The company has been... 

Vested interests, lack of understanding hamper establishment of S African PGMs exchange

By: Ilan Solomons As more than 80% of the world’s known platinum-group metals (PGMs) reserves are in South Africa, it is ideal that a PGMs exchange be established locally to ensure that the country receives maximum benefit from its mineral wealth, avers investment company Pan-African Investments & Research... 

Vested interests, lack of understanding hamper establishment of S African PGMs exchange

Champion of local PGMs exchange cites vested interests, lack of understanding as key impediments to its establishment

By: Ilan Solomons As more than 80% of the world’s known platinum group metals (PGMs) reserves are situated in South Africa, it is imperative that a PGMs exchange be established locally to ensure that the country receives maximum benefit from its mineral wealth, avers investment company Pan-African Investments &... 

Champion of local PGMs exchange cites vested interests,  lack of understanding as key impediments to its establishment

Wesizwe meets next Bakubung project milestone

By: Anine Vermeulen Platinum development company Wesizwe Platinum this week intersected the secondary upper group two (UG2) reef at the main shaft of its Bakubung mine, on the western limb of the Bushveld Complex, and will send the samples to South Africa’s State-owned Council for Mineral Technology (Mintek) in... 

Electricity-slashing platinum game changer expected by December

By: Martin Creamer The target date is the end of this year for the decision to go ahead with the commercial implementation of a paradigm shift technology that will mine and refine platinum in an integrated on-site process and use only a tenth of the electricity normally consumed. Major detail design work has... 

Electricity-slashing platinum game changer expected by December
Photo by Duane Daws
Arne Frandsen

Jubilee narrows H1 loss

By: Megan van Wyngaardt Dual-listed Jubilee Platinum has narrowed its total comprehensive loss for the six months ended December 31, to £2.3-million, compared with a loss of £8.3-million in the first half of the prior financial year. Revenue increased by 22% year-on-year to £2.8-million, while gross profit increased by... 

Jubilee narrows H1 loss
Photo by Duane Daws
Jubilee Platinum CEO Leon Coetzer

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Palladium ETFs record biggest weekly outflow since August

By: Reuters Palladium-backed exchange-traded funds saw their biggest weekly outflows since August last week as prices of the white metal reversed the trend of the last two years to fall as gold, silver and platinum rose. Palladium ETFs, popular investment vehicles which issue securities backed by physical... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Bauba positions itself for future growth

By: Megan van Wyngaardt Although it recorded a loss of R600 000 for the six months ended December 31, JSE-listed Bauba Platinum has successfully completed a number of milestones that will provide it with a strong platform to meet its growth ambitions in future. In the six months to December, the company’s operating... 

Pallinghurst shares rise on triple performance in troubled times 

By: Martin Creamer The shares of diversified mining company Pallinghurst rose by more than 4% in Johannesburg on Monday after the company reported a rise on the performance of its platinum, manganese and coloured gemstones business units during troubled times. In the 12 months to December 31, the JSE-listed... 

Pallinghurst shares rise on triple performance in troubled times
Photo by Duane Daws
Arne Frandsen

Workers at South Africa's Northam Platinum picket at Zondereinde mine

By: Reuters South Africa's Northam Platinum said on Monday a group of mine workers were protesting outside its flagship Zondereinde mine but denied media reports that it had shut operations there as a result. "We can confirm that there is a small demonstration by a group of employees ... Management are... 

Amplats' Zimbabwe unit says would take two years to build smelter

By: Reuters Anglo American Platinum's (Amplats) Zimbabwe unit said on Friday it would take two years to build a new smelter to comply with President Robert Mugabe's demands for firms to process platinum locally. The government in January introduced a 15% export tax on unrefined platinum and Amplats said last... 

Bauba celebrates first blast at Moeijelijk mine

By: Natalie Greve JSE-listed platinum exploration company Bauba Platinum has undertaken the first blast on the LG6 chrome horizon at its Moeijelijk operation, in Limpopo, some two months after starting mine establishment. The blast would produce about 15 000 t of chrome ore at a grade of 39% chrome, with the first... 

Northam Platinum shareholders give R6.6bn BEE deal the nod

By: Natalie Greve In yet another landmark black economic-empowerment (BEE) deal for the South African platinum mining industry, Northam Platinum shareholders have approved a R6.6-billion transaction that will, in conjunction with a previously concluded equity raising of R4.6-billion, take ownership levels in the... 

Northam Platinum shareholders give R6.6bn BEE deal the nod
Paul Dunne

Community members challenge legality of R564m Lonmin BEE deal

By: Natalie Greve Only months after inking a landmark deal that sees the Bapo ba Mogale traditional community gaining a R564-million, or 3.6% stake, in platinum miner Lonmin, the platinum belt community’s leadership is being forced to defend its decision to enter into the equity agreement on behalf of the 40... 

Moolman appointed Lonmin COO

By: Creamer Media Reporter JSE-listed platinum miner Lonmin has appointed Ben Moolman as COO with immediate effect.   He had been acting COO since February, when former COO Johan Viljoen resigned. 

S Africa mining assets up for sale should go to local companies – Minister

By: Reuters Anglo American and other companies looking to sell some of their mining assets in South Africa should sell to national champions, or companies owned by local communities and by their workers, South Africa's mining minister said on Monday. Anglo American is looking at selling some of its coal... 

S Africa mining assets up for sale should go to local companies – Minister
Mineral Resources Minister Ngoako Ramatlhodi

Future lies in governments creating exciting legislative empowerment – Motsepe 

By: Martin Creamer Southern Africa’s economic future lies in the creation by governments of exciting legislative, regulatory and fiscal empowerment that stimulates private sector investment. That is the view of Patrice Motsepe, executive chairperson of South Africa’s black-controlled African Rainbow Minerals (ARM)... 

Future lies in governments creating exciting legislative empowerment – Motsepe
Photo by Duane Daws
Patrice Motsepe

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Northam awards PGM smelter contract to Tenova Pyromet

By: Natalie Greve Northam Platinum has awarded high-capacity furnace and smelting plant specialist Tenova Pyromet a contract for the design, commissioning and supply of a platinum group metal (PGM) smelting furnace, feed system, off-gas handling plant, furnace building and all associated civil works,... 

Across-board ARM review as earnings plunge 56%

By: Martin Creamer Black-controlled diversified mining company African Rainbow Minerals (ARM), which saw its half-year headline earnings plummet by 56%, is responding with an across-the-board review of its performance and expenditure. The JSE-listed company, headed by executive chairperson Patrice Motsepe, on... 

Across-board ARM review as earnings plunge 56%
Photo by Duane Daws
Patrice Motsepe

CoM fuel cell to be unveiled later this month

By: David D‘ Oliveira Energy solutions provider Mitochondria Energy Company (MEC) will unveil a 100 kW fuel-cell solution, which was installed at the Chamber of Mines’ (CoM’s) Johannesburg offices, later this month. MEC CEO Anthea Bath told Mining Weekly Online that the natural gas-fuelled solution had been designed... 

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