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Platinum Group Metals News

Jewellers back to black with rhodium, ruthenium

By: Reuters Ice-white platinum has long had enduring appeal in jewellery and experimental designers are now also turning to its lesser-known sister metals rhodium and ruthenium to produce work in darker hues. The deep gunmetal finish of black rhodium plate and the pure black of ruthenium are both becoming... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

Lonmin reports fatality at Hossy shaft

By: Creamer Media Reporter A Lonmin employee has died of his injuries following a vehicle accident at the Hossy shaft. The platinum miner on Wednesday said the accident had occurred on Tuesday morning and that a full investigation into the incident was under way. “I am sure everyone at Lonmin shares my distress at the loss... 

WPIC narrows expected FY platinum deficit

By: Natalie Greve The World Platinum Investment Council (WPIC) has revised downwards its initial full-year global platinum market deficit for 2015 from 235 000 oz to 190 000 oz, despite maintaining its total supply forecast for the 12 months at 7.9-million ounces, as higher projected mining supply was expected to... 

Creamer Media publishes Platinum 2015: A review of South Africa's platinum sector

Creamer Media’s ‘Platinum 2015’ report reviews South Africa’s platinum-sector business environment, with particular focus on the main participants in the platinum industry, as well as other platinum producers, and exploration and development companies. The report also provides a global overview... 

Creamer Media publishes Platinum 2015: A review of South Africa's platinum sector

Atlatsa widens Q1 loss

By: Megan van Wyngaardt Triple-listed platinum miner Atlatsa Resources has widened its loss for the three months to March 31 to C$16.79-million, compared with a loss of C$12.82-million in the March 2014 quarter. Revenue decreased by 2.8% year-on-year to $52.3-million in the first quarter of the year, owing to a 6.5%... 

Bokoni mine operating again after protests

By: News24Wire Bokoni Platinum mine workers returned to work after three days of violent community protests which halted the operations at Atok in Sekhukhune, Limpopo. The protesters were demanding to meet with the mine management, government and members of Community Trust entrusted to guard community interests... 

Mining industry still has much to do – Ramatlhodi 

By: Megan van Wyngaardt In light of all the downscaling activity in the local mining industry, Mineral Resources Minister Ngoako Ramatlhodi on Thursday said he was “alarmed at the rate at which retrenchments have been taking place”. Most recently, platinum miner Lonmin announced that it was looking to scale down by... 

Mining industry still has much to do – Ramatlhodi
Photo by Duane Daws
Minister Ngoako Ramathlodi

March mining output up 18.8% y/y

By: Creamer Media Reporter Mining production increased by 18.8% year-on-year in March, with the highest positive growth rates recorded for platinum-group metals (PGMs), at 132.2%, manganese ore, at 17.3% and nickel at 15%. The main contributors to the 18.8% increase were PGMs, contributing 13.1 percentage points; coal,... 

Implats lifts Q3 output by 47% y/y

By: Reuters South Africa's second-biggest platinum miner Impala Platinum reported a 47% surge in quarterly output on Thursday, recovering from a low base caused by an unprecedented five-month strike last year. Implats said production totalled 310 000 oz in the three months to the end of March, compared with... 

Platinum price could test $1 000/oz in 2015 – report

By: Megan van Wyngaardt Although the platinum price is expected to average $1 170/oz this year, Thomson Reuters GFMS warns that it might test the $1 000/oz level during the year. “The bearish view is based on the increase in supply, more specifically the estimated 22% rise in South Africa’s mine production and 10% rise... 

Platinum price could test $1 000/oz in 2015 – report

Bokoni operations interrupted by community protest action

By: Creamer Media Reporter Platinum group metals miner Atlatsa Resources has confirmed that operations at its Bokoni platinum mine, in South Africa’s Bushveld Complex, have been interrupted by community unrest in the area. Members of the nearby community on Monday blocked the main road leading to the mine with burning... 

Baroka prepares up to $150m bid for Atlatsa's mine stake – source

By: Reuters South Africa's Baroka Platinum will offer up to R1.8-billion ($150-million) for Atlatsa Resources' stake in the joint venture Bokoni mine, a source with direct knowledge of the matter said Monday. Toronto-based Atlatsa owns 51% of the mine and the rest is in the hands of Anglo American Platinum,... 

Atlatsa says output at S African joint venture mine hit by protest

By: Reuters Hundreds of people on Monday blocked the road leading to Toronto-based Atlatsa Resources' South African joint venture mine with Anglo American Platinum using burning tyres and rocks, police said. It was unclear what the community was protesting against but Prudence Lebina, head of investor... 

Lonmin to maintain FY sales guidance, cut capex while job cuts loom

By: Ilan Solomons Dual-listed platinum miner Lonmin reiterated on Monday that it had entered into consultations with labour unions to reduce labour costs by 10% through voluntary separation packages and early retirements, which the company forecast could result in a staff reduction of about 3 500 workers. At a... 

Lonmin to maintain FY sales guidance, cut capex while job cuts loom

Creamer Media publishes African Mining Projects in Progress 2015 report

Creamer Media’s African Mining Projects in Progress 2015 report tracks developments taking place in Africa’s mining sector and across various mining sectors on the continent, including coal, copper, gold, iron-ore, platinum and uranium. 

Creamer Media publishes African Mining Projects in Progress 2015 report

Zambezi Platinum listing proffers R4bn for Northam growth

By: Martin Creamer Zambezi Platinum, the company created to house the newly constituted black shareholding in Northam Platinum, will be listed on the main board of the JSE on Monday. As the kernel of JSE-listed Northam’s R6.6-billion black economic empowerment (BEE) ownership deal, Zambezi simultaneously make... 

Zambezi Platinum listing proffers R4bn for Northam growth
Photo by Duane Daws
Lazarus Zim

NUM to fight Lonmin job losses

By: Megan van Wyngaardt The National Union of Mineworkers (NUM) on Friday said it was “extremely shocked”, following dual-listed Lonmin’s announcement on Thursday that it would cut 3 500 jobs. The platinum miner said it was in consultations with unions and employees over efforts to reduce costs, to protect the company... 

Lonmin discussing cost reductions for sake of company, employees

By: Megan van Wyngaardt Dual-listed Lonmin is in consultations with unions and employees over efforts to reduce costs, in an attempt to protect the company and its employees from persistent low platinum-group metal (PGM) prices. The company on Thursday said in a statement that it hoped to complete this process without... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Production up at Glencore’s South African coal mines

By: Martin Creamer Production from Glencore’s South African thermal coal mines was 10% higher in the three months to end March. The London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company, headed by CEO Ivan Glasenberg, said on Tuesday that the ramp up of its newly commissioned... 

Production up at Glencore’s South African coal mines
Photo by Duane Daws
Ivan Glasenberg

Black interests opting out of once-mighty ferrochrome business 

By: Martin Creamer Black South African interests are giving South Africa’s once-mighty ferrochrome business the cold shoulder. The value-adding pursuit, which puts six times more value into chrome and generates three times more jobs than mere raw chrome exportation, was last week ditched by Royal Bafokeng Holdings,... 

Black interests opting out of once-mighty ferrochrome business
Photo by Duane Daws
Ferrochrome produced in South Africa.

Simulation stope aids mining education

A life-size mining stope panel was handed over by mine support technology company New Concept Mining (NCM) to the University of the Witwatersrand (Wits) School of Mining Engineering, on March 6, to enable students to learn about stoping activities through a real-to-life visualisation. 

Simulation stope aids  mining education
SAFETY FOCUS The Wits School of Mining Engineering stope simulation facility incorporates electronic monitoring and warning devices, augmenting the school’s focus on digital, remote monitoring technologies to enhance mine safety

Strategic minerals and the aerospace and defence industries

By: Keith Campbell The term “strategic minerals” is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Strategic minerals and the aerospace and defence industries

Dale to retire as Sedibelo Platinum Mines CEO

By: Megan van Wyngaardt Platinum group metals (PGM) producer Sedibelo Platinum Mines on Thursday reported that its CEO Tom Dale would step down. CFO Erich Clarke was appointed interim CEO. 

Kweyama steps down from Amplats, Kumba boards

By: Megan van Wyngaardt JSE-listed mining giants Anglo American Platinum (Amplats) and Kumba Iron Ore on Thursday informed shareholders that Khanyisile Kweyama would step down from her positions on their respective boards, effective immediately. Kweyama cited that her position as Business Unity South Africa CEO had... 

Kweyama steps down from Amplats, Kumba boards
Khanyisile Kweyama

Amplats to retrench more than 470 workers

By: Megan van Wyngaardt The National Union of Mineworkers (NUM) on Wednesday claimed that platinum producer Anglo American Platinum (Amplats) had formed an alliance with the Association of Mineworkers and Construction Union (AMCU) to retrench 474 people at its Khomanani mine, in Rustenburg. In 2013, Amplats started the... 

Amplats to retrench more than 470 workers

Stoppages, plant failure narrow Sylvania’s Q3 output

By: Natalie Greve Lower platinum group metals (PGM) feed tons related to several plant interruptions and lower PGM plant feed grades have dented Sylvania Platinum’s production for the quarter ended March 31 by 13%, narrowing output from the company’s production and development operations in the Bushveld region of... 

Aquarius mines exceed Q3 production guidance

By: Natalie Greve Exceeding their production guidance for the three months ended March 31, Aquarius Platinum’s Mimosa mine, in Zimbabwe, and Kroondal mine, in South Africa, delivered 57 391 oz and 107 089 oz respectively of platinum-group metals (PGMs) for the quarter, while containing cost increases below... 

Listing preferred option for Anglo's South Africa platinum mines – CEO

By: Reuters Anglo American favours a listing of some South African platinum mines as the most likely route to divesting those assets, the mining group's CE said on Friday. Platinum has been a problem for London and Johannesburg-listed Anglo American for some time, due to recurrent strikes and stubbornly weak... 

Johnson Controls’ control software system secures platinum mines

By: Ilan Solomons One of the world’s largest producers of platinum-group metals (PGMs), in partnership with technology group Johnson Controls, has developed, piloted and implemented Johnson Controls’ P2000 X-Ray software control integration solution at its operations. The trialling of the software system was... 

Johnson Controls’ control software system secures platinum mines
P2000 X-RAY SCANNER The P2000 X-Ray software solution is helping the mining house to improve the management of its X-ray machines
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