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Platinum Group Metals News

PTM completes share consolidation

By: Simone Liedtke     13th December 2018 Dual-listed Platinum Group Metals (PTM) on Thursday said it had completed the consolidation of its common shares. The consolidation was done on the basis of one new share for ten old shares, effective from 09:00 on December 13. 

Japanese trading giant Mitsubishi throws weight behind platinum 

By: Martin Creamer     13th December 2018 The Japanese trading giant Mitsubishi has thrown its weight behind technologies that harness the high-performance characteristics of platinum group metals (PGMs) by joining Anglo American Platinum (Amplats) and South Africa’s Public Investment Corporation (PIC) as an investor in AP Ventures,... 

Japanese trading giant Mitsubishi throws weight behind platinum
Photo by Creamer Media
AP Ventures managing partner Andrew Hinkly

Amplats expects 20% increase in FY18 earnings

By: Simone Liedtke     13th December 2018 Platinum miner Anglo American Platinum (Amplats) expects its basic earnings and basic earnings per share (EPS) for the 2018 financial year to be at least 20% – about R302-million or 149c a share – higher than that of the prior financial year. Basic earnings and EPS for the comparative period were... 

RPM writes off Atlatsa debt; Atlatsa to go private

By: Marleny Arnoldi     12th December 2018 Atlatsa and Rustenburg Platinum Mines (RPM) have entered into an agreement that will result in RPM acquiring the resources in Atlatsa’s Kwanda North and Central Block prospecting rights, for R300-million, or C$28-million. Following implementation of this transaction, RPM will write off the... 

Enable meaningful participation, pleads Women in Mining chair  

By: Martin Creamer     12th December 2018 The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi. Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only... 

Enable meaningful participation, pleads Women in Mining chair
Women in Mining chairperson and Gubhani Exploration MD Lindiwe Nakedi talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Creamer Media Chief Photographer Dylan Slater.

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat

By: Marleny Arnoldi     12th December 2018 Anglo American Platinum’s (Amplats’) subsidiary Rustenburg Platinum Mines (RPM) has completed the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture (JV) to Royal Bafokeng Platinum (RBPlat) and Royal Bafokeng Resources (RBR). RBR took ownership of the operation on... 

Amplats finalises R1.8bn Bafokeng Rasimone JV interest sale to RBPlat
Photo by Creamer Media
Amplats CEO Chris Griffith

Amplats lowers production guidance for next three years

By: Marleny Arnoldi     11th December 2018 Anglo American Platinum (Amplats) on Tuesday said its production guidance would change from January 1, 2019, as Sibanye-Stillwater’s platinum group metals material would no longer be bought as concentrate, but toll treated, with the refined metal returned to Sibanye. Resultantly, metal in... 

South Africa’s mining production increases 0.5% y/y – Stats SA

By: Tasneem Bulbulia     11th December 2018 Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA). Production of PGMs, which occupy the second-highest weighting in the... 

Jubilee acquires chrome processing operation

By: Tasneem Bulbulia     10th December 2018 Dual-listed Jubilee Metals has entered into an agreement to acquire all of the chrome beneficiation assets including plant, equipment, intellectual property and all rights to the existing surface material – estimated to be in excess of 1.8-million tonnes – owned by PlatCro Minerals and associated... 

Eurasia to pay one-time licence fee for Monchetundra

By: Creamer Media Reporter      7th December 2018 Following the office award of the permit for the Monchetundra mine in Russia, Aim-listed Eurasia Mining said on Friday that it would have to pay a 20.84-million rouble licence fee. Twenty per cent of the total is due within 30 days of registration of the licence at the state register of suboil... 

Axis House develops new product for electrowinning

By: Jessica Oosthuizen     7th December 2018 Chemical reagents supplier and distributor Axis House has developed the ALC9, a new type of smoothing agent that can provide smoother cathodes than any other product, even at densities of 450 A/m2. Expected to run at industrial level early next year, the new product will be used in the... 

Axis House develops new product for electrowinning
LABORATORY TESTED The new smoothing agent has been extensively tested on laboratory scale and has shown positive results in all aspects of the electrowinning process

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Pioneering nickel sulphate venture draws down on loan
Thakadu Battery Materials CEO Ruli Diseko

Springs-based fuel cell SEZ approved  

By: Nadine James     5th December 2018 The special economic zone (SEZ) for fuel cell development, proposed for development by the Gauteng Industrial Development Zone initiative and Impala Platinum (Implats), has been approved, Implats fuel cell coordinator Fahmida Smith told attendees at the International Partnership for Hydrogen and... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Monchetundra now fully authorised

By: Creamer Media Reporter      5th December 2018 The office of Russian Prime Minister Dmitry Medvedev has official approved the mine permit for the Monchetundra platinum group metals (PGM) and base metals mine, Aim-listed Eurasia Mining reported on Wednesday. The permit was awarded in November, but required approval from Medvedev’s office. 

Palladium tops gold after rally powered by surge in demand

By: Bloomberg     5th December 2018 Gold just got left behind by one of its sister metals. After a demand-fueled rally over the past four months that’s seen prices hit a record, palladium for immediate delivery topped gold following a surge higher. Palladium, which hasn’t traded at a sustained premium to gold in 16 years, has... 

HySA strategy bears fruit with multiple projects nearing commercialisation 

By: Nadine James     5th December 2018 The Hydrogen South Africa (HySA) strategy has produced multiple inventions and pilot projects that are nearing commercialisation, Department of Science and Technology Hydrogen and Energy chief director Dr Rebecca Maserumule told attendees of the thirtieth International Partnership for Hydrogen... 

No 2 platinum miner mulls purchases in low-cost asset shift 

By: Bloomberg     4th December 2018 Impala Platinum Holdings said it’s open to acquiring low-cost assets as the struggling miner looks beyond a plan to close unprofitable shafts in South Africa. The No 2 platinum producer, known as Implats, is playing catch-up with larger rival Anglo American Platinum, which is boosting output and... 

No 2 platinum miner mulls purchases in low-cost asset shift

DST hosts hydrogen fuel cell technology conference

By: Nadine James     3rd December 2018 Global stakeholders in the multibillion-dollar fuel cell industry will meet in Pretoria this week for the thirtieth Steering Committee Meeting of the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE). The Department of Science and Technology (DST) will host the meeting... 

Gold now has a challenger for the mantle of most-precious metal

By: Bloomberg     3rd December 2018 The scramble for palladium supply has taken the precious metal within striking distance to its costliest cousin – gold. Palladium, used as an autocatalyst in gasoline-fueled vehicles, climbed to a record for a fourth time this month as users of the precious metal compete for limited supply.... 

Gold now has a challenger for the mantle of most-precious metal

Lonmin returns to profitability ahead of Sibanye-Stillwater merger  

By: Nadine James     29th November 2018 Platinum group metals (PGMs) miner Lonmin on Thursday announced a return to profit for the 2018 financial year, with revenue up 6.3% year-on-year to $1.3-billion and an operating profit amounting $101-million, compared with a loss of $1-billion in 2017. Lonmin CEO Ben Magara commented that the... 

Lonmin returns to profitability ahead of Sibanye-Stillwater merger
BEN MAGARA

Platinum demand for jewellery catches up to automotive demand in US

By: Schalk Burger     29th November 2018 The demand for platinum from the jewellery sector in the US has risen to 22% of total demand, while the demand for platinum in the automotive sector has moderated to 30% of total US demand, said platinum jewellery organisation Platinum Guild International’s (PGI’s) Insight November 2018 report.... 

Anglo willing to play constructive land role  

By: Martin Creamer     29th November 2018 Anglo American CEO Mark Cutifani on Wednesday expressed willingness to play a constructive role in helping South Africa to arrive at solutions involving the diversification of land ownership and ensuring land productivity. Speaking to journalists at a year-end media function, Cutifani urged the... 

Anglo willing to play constructive land role
Photo by Creamer Media
Anglo American CEO Mark Cutifani

ARM shares start trading on A2X

By: Creamer Media Reporter      29th November 2018 Diversified miner African Rainbow Minerals' (ARM's) shares started trading on the A2X on Thursday.   ARM, which will retain its primary listing on the JSE, is the first mining company to list on the A2X.   A2X CEO, Kevin Brady says, “We are pleased to welcome African Rainbow Minerals onto our... 

Tharisa FY18 headline earnings, operating profit fall

By: African News Agency      28th November 2018 Integrated resource group Tharisa on Wednesday reported a 13.6% decline in headline earnings per share to $0.19 in the year to September 30, while operating profit fell 26.3% to $72.5-million. Revenue was up 16.3% to $406.3-million and the company declared a final dividend to shareholders of... 

Platinum supply, demand expected to increase in 2019 – WPIC

By: Nadine James     28th November 2018 Global platinum demand will marginally outpace supply in 2019 – increasing by 2.4% and 1.6%, respectively – the World Platinum Investment Council (WPIC) announced in its latest Platinum Quarterly report on Wednesday. WPIC research director Trevor Raymond noted that the WPIC’s global platinum 2019... 

Platinum supply, demand expected to increase in 2019 – WPIC

Sibanye says acts of violence continue at its South African gold mines 

By: Creamer Media Reporter      28th November 2018 JSE- and NYSE-listed Sibanye-Stillwater on Wednesday reported that acts of violence continued to be experienced at its South African gold operations, where a strike by Association of Mineworkers and Construction Union (AMCU) members was under way. “The situation at the Beatrix and Driefontein... 

Tharisa, AMCU agree to two-year wage deal

By: Creamer Media Reporter      27th November 2018 JSE- and LSE-listed Tharisa has reached a two-year wage agreement with the Association of Mineworkers and Construction Union (AMCU) at the Tharisa platinum group metals and chrome mine, near Rustenburg. The agreement is effective from July 1, this year, to June 30, 2020, and applies to employees... 

Zimbabwe sees no radical change for platinum, diamond ownership

By: Reuters     27th November 2018 Zimbabwe does not plan to change its ownership rules for diamonds and platinum, its mining minister said on Monday, denting hopes among some miners the country will open up ownership as it announces mineral frameworks in coming weeks. Zimbabwe in March changed its empowerment law limiting the... 

Lac des Iles workers ratify 3-year agreement

23rd November 2018 North American Palladium announced on Thursday that members of the United Steelworkers Local 9422 (USW) had ratified a new three-year collective agreement. The USW represents the production and maintenance workers at the Lac des Iles mine site, near Thunder Bay, Ontario. 

Zimbabwe plans refinery for the country's platinum mines – budget document

By: Reuters     23rd November 2018 Zimbabwe is planning to build a base metals and precious metals refinery that will process platinum from all the country's platinum mines, a budget statement released on Thursday said. The country, which is home to the second largest known deposits of platinum after South Africa, will impose a 5%... 

Platinum’s stature growing as world’s clean air catalyst 

By: Martin Creamer     22nd November 2018 This month’s launch of the world’s first fuel cell double-decker bus is the latest example of platinum helping to power the world’s new clean air revolution. The fuel cell bus was developed as a part of the European Union-funded joint initiative for hydrogen vehicles, which make use of platinum,... 

Platinum’s stature growing as world’s clean air catalyst
First fuel cell double decker bus.

Tribunal approves Sibanye, Lonmin merger; imposes 6-month moratorium on retrenchments

By: Creamer Media Reporter      21st November 2018 The Competition Tribunal on Wednesday approved the merger between Sibanye-Stillwater and Lonmin, with conditions. As part of its consent for the transaction, it imposed a six-month moratorium on retrenchments at the Lonmin operations. 

Tribunal approves Sibanye, Lonmin merger; imposes 6-month moratorium on retrenchments
Photo by Creamer Media
Sibanye CEO Neal Froneman

Palladium soars to record on tight supply, bets on China demand

By: Bloomberg     16th November 2018 Palladium surged to a record on bets that the Chinese auto industry will buoy global demand amid tight supplies of the metal used in vehicle pollution-control devices. Spot palladium rose as much as 4.6 percent to an all-time high of $1 180.26 an ounce, capping a third straight gain. The... 

Palladium soars to record on tight supply, bets on China demand

RBPlat reaches milestone at Styldrift

By: Tasneem Bulbulia     15th November 2018 Royal Bafokeng Platinum has made progress in delivering against its growth strategy, by achieving the 150 000 t a month milestone at Styldrift in October, the company announced on Thursday. In addition to achieving this milestone, Silo 4 and the associated ore handling infrastructure required to... 

Atlatsa, RPM progress Bokoni restructure plan

By: Tasneem Bulbulia     14th November 2018 Rustenburg Platinum Mines (RPM) and Atlatsa have, throughout this year, continued to work towards the implementation of the 2017 Restructure Plan at the Bokoni mine. Atlatsa in July 2017 announced a two-phased restructure plan for the mine, which comprised a care and maintenance strategy for the... 

Eastplats retreatment project remains on track

By: Simone Liedtke     14th November 2018 Dual-listed Eastern Platinum (Eastplats) expects to start revenue-producing operations at the retreatment project at its Crocodile River mine, in the North West, in the fourth quarter of this year. The dual-listed company has, over the course of this year, focused on the construction of the... 

Hydrogen economy, PGM-based tech offers decarbonised alternative for energy system – Amplats 

By: Simone Liedtke     13th November 2018 With the world’s current energy system reliant on carbon-intensive fossil and other fuels, with the associated negative impact on climate change and global warming, Anglo American Platinum (Amplats) believes there is a decarbonised alternative in the form of the hydrogen economy and platinum... 

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