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Platinum Group Metals News

Contract miner to restructure partnerships to enhance rewards

By: Kimberley Smuts The contract mining, plant leasing and rental division of Eqstra, MCC, is taking a new approach to contract mining to improve its partnerships with clients. The company has embarked on creating a contract model that works on a project-to-project basis to reduce costs, increase revenue and grow... 

Smokey Hills operations temporarily suspended

South African platinum producer African Thunder Platinum (ATP), owned by global resource investment corporation Aberdeen International, has to temporarily suspend mining operations at the Smokey Hills platinum-palladium mine, in Limpopo, to focus on the planning and permitting required to... 

Smokey Hills operations temporarily suspended
Photo by Reuters
PRIORITISING FUTURE COSTS Developing the opencast operation at Smokey Hills platinum-palladium mine should provide additional tonnage and improve operating flexibility

Breakthrough to advance platinum-using fuel cells

By: Creamer Media Reporter Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss a technical breakthrough that could hasten the widespread introduction of vehicles that run on platinum-using fuel cells. 

Breakthrough to advance platinum-using fuel cells

PTM completes Maseve plant commissioning, lowers guidance

By: Henry Lazenby On the heels of completing the commissioning of its Maseve mine plant on March 31, South Africa-focused precious-metals producer Platinum Group Metals (PTM) has produced about 1 700 4E ounces, containing platinum, palladium, rhodium and gold, in April alone. The Vancouver-incorporated company... 

PTM completes Maseve plant commissioning, lowers guidance
Photo by Platinum Group Metals
Maseve plant, South Africa

Sibanye eyes more platinum acquisitions

By: Reuters Sibanye Gold aims to show its faith in platinum with further acquisitions while looking to benefit from a broader commodities revival by strengthening its portfolio of gold, base metals and coal assets. The South African company bought Anglo American Platinum's (Amplats) Rustenburg mines in... 

Sibanye eyes more platinum acquisitions
Photo by Duane Daws
Sibanye Gold CEO Neal Froneman

Implats secures US court order against platinum recycler

By: Martin Creamer Platinum mining company Impala Platinum (Implats) has secured a court order against a US platinum recycler, from which it is claiming $201-million. Implats said on Wednesday that the order, issued by the US District Court for the Eastern District of Pennsylvania, confirmed a London Court of... 

Implats secures US court order against platinum recycler
Brenda Berlin

Amplats-backed developer in potential fuel cell breakthrough 

By: Martin Creamer A potentially far-reaching step has been taken towards the viable roll-out of hydrogen refuelling infrastructure for platinum-using fuel cell electric vehicles (FCEVs) with the commercial launch of a system that allows hydrogen to be stored and transported in conventional fuel infrastructure.... 

Amplats-backed developer in potential fuel cell breakthrough
Photo by Duane Daws
Andrew Hinkly

Glencore cuts supply cloth to fit demand coat

By: Martin Creamer The mix of mining and marketing within the same company provides sensitivity to commodity price falls. Continually highlighting the value of the mining-marketing mix is Glencore, which is quick to respond to market changes. 

Glencore cuts supply cloth to fit demand coat
Photo by Duane Daws
Ivan Glasenberg hand-in-hand with Education Minister Angie Motshekga at school opening.

Amplats reports two fatalities at Tumela

By: Anine Kilian Two Anglo American Platinum (Amplats) employees were killed in a winch rope incident at the Tumela mine at Amandelbult, Limpopo, earlier this week. “Our sincerest condolences are with the families, friends and colleagues of all involved in this terrible incident,” said Amplats CEO Chris Griffith. 

Companies bought to enhance training offering

Training, supply and management group Workforce Holdings announced in January that it had acquired the various operating companies comprising outsourcing solutions providers Quyn Outsource Solutions. Workforce has predominantly placed staff in nontechnical positions and adding Quyn to its service... 

Companies bought to  enhance training offering
Photo by Bloomberg
SKILLS OFFERING EXPANDED Quyn Outsource Solutions’s e provision of technical skills to clients across a range of industries represents diversification for Workforce

Emphasis on opportunities in harsh business climate

By: Simon Sonnekus The West African Mining & Power Exhibition (Wampex) 2016 will showcase the opportunities that still exist in the challenging African market, says events company and organiser dmg-ems Africa VP Christine Davidson. The biennial event, which has been running for 22 years, will return to the Accra... 

Emphasis on opportunities  in harsh business climate
GLOBAL ATTRACTION Between 50 and 100 companies are expected to attend, with exhibitors from China, the UAE, France, Poland, South Africa, the UK and Turkey confirmed

Legal frameworks key to mining growth in West Africa

By: Simon Sonnekus Revised tax rules and regulations have allowed for greater competition for foreign direct investment and pressure from major donors in the West Africa mining sector, according to Pan-African arbitration and commercial litigation law firm Centurion Law Firm. Centurion Law Firm Legal services... 

Legal frameworks key to  mining growth in West Africa
Photo by Bloomberg
REMARKABLE RESERVES Africa harbours the world’s largest mineral reserves of platinum, gold, diamonds, chromite, manganese and vanadium

MetSkill

By: Creamer Media Reporter Process industry training provider MetSkill is actively involved with the development of the new occupational qualifications for the Quality Council for Trades and Occupations under the Mining Qualifications Authority (MQA). Benoni, Gauteng-based MetSkill, 100% owned by MD Rebecca Sands, has... 

Mineworkers empowered

By: Kimberley Smuts If workers in the mining, energy and construction industries want to improve their financial situation, it is important that they take advantage of the financial literacy programmes currently being rolled out by financial assistance provider Mineworkers Investment Trust (MIT), which supports... 

Mineworkers empowered
Photo by Bloomberg
INVESTING FOR THE FUTURE The Mineworkers Investment Trust's financial literacy training started in Mpumalanga as a pilot study in June 2015 with more training expected to take place this year

Society aims to integrate more students into mining sector 

By: Kimberley Smuts The University of Witwatersrand's Students Mining Engineering Society (SMES) aims to increase the integration of mining engineering graduates into the mining industry this year, as well as to encourage mining engineering students to have an opinion on mining-related issues in South Africa. SMES... 

Society aims to integrate more students into mining sector
FORTUNE MSIBI Mining engineering students face the challenge of a lack of available jobs in the sector, as a result of South Africa’s financial crisis

Technological advancements continue despite mining sector’s downturn

By: Sascha Solomons Beneficial trends and technological advancements in the mining industry are being introduced regardless of the depressed market conditions that the sector faces, says environmental management company I-CAT Environmental Solutions technical manager Morne van Wyk. One such trend is recycling water... 

Technological advancements continue despite mining sector’s downturn
HYFLUX KRISTAL HOLLOW-FIBRE Ensure the effective and environmentally safe reduction of excess wastewater in the mining industry

West Africa fraught with challenges in tough mining times

By: Simon Sonnekus While political instability, corruption and the global commodities price crunch have had adverse effects on the West African mining sector, other factors such as a lack of infrastructure, power shortages and inconsistency and a lack of transparency in terms of regulatory policy, as well as... 

West Africa fraught with challenges in tough mining times
Photo by Bloomberg
UNREST Factors such as war, social unrest or hardship are all indicative of a somewhat unstable political environment, which, in turn, negatively impacts on the attractiveness of certain economies

World Bank does not see platinum rally being sustained

By: Terence Creamer The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the... 

World Bank does not see platinum rally being sustained

Heartening progress overshadowed by heartbreaking loss of life

By: Martin Creamer The loss of six lives is completely overshadowing the encouraging progress being made to build a stronger and more robust Impala Platinum (Implats). Implats CEO Terence Goodlace lamented in the company's latest quarterly report for the three months to March 31 that the deaths of four employees in... 

Heartening progress overshadowed by heartbreaking loss of life
Photo by Duane Daws
Terence Goodlace

Sylvania Q3 results benefit from basket price recovery

By: Samantha Herbst Owing to a 10% recovery in the platinum-group metals (PGMs) basket prices in the third quarter ended March 31, low-cost platinum-group metals (PGMs) producer Sylvania Platinum’s revenue increased again, off the back of a double-digit rise in revenue in the previous quarter. With the recovery of... 

Empty mining pipeline expected to be hot Junior Indaba topic

By: Martin Creamer Mining’s problematic empty pipeline, which should be a major worry to both the mining industry and governments, is expected to be a hotly debated topic at the upcoming Junior Indaba in Johannesburg. Chairperson Bernard Swanepoel said on Monday that the Junior Indaba’s recently launched programme... 

Empty mining pipeline expected to be hot Junior Indaba topic
Photo by Duane Daws
Bernard Swanepoel

Sibanye guides soaring earnings after quarterly operating profit rockets

By: Martin Creamer ‘Proudly South African’ precious metals mining company Sibanye on Monday reported a 240% higher operating profit to R2.5-billion in the March quarter on a doubled-plus 38% margin. The flourishing JSE- and NYSE-listed company, headed by CEO Neal Froneman, said earnings a share for the six months... 

Sibanye guides soaring earnings after quarterly operating profit rockets
Photo by Duane Daws
Neal Froneman

Anglo bettering North American safety benchmark

By: Martin Creamer Safety improvement at Anglo American mines has put the diversified mining company ahead of the North American mining industry, the leading point of reference. While in full production mode, the London- and Johannesburg-listed business achieved a fatality-free fourth quarter (Q4), which on top of... 

Anglo bettering North American safety benchmark
Photo by Duane Daws
Mark Cutifani

Announcement on Farlam Inquiry soon – Nhleko

By: News24Wire An announcement on steps government will take to implement the Farlam Commission of Inquiry’s recommendations would be made soon, Police Minister Nathi Nhleko said on Thursday. His statement prompted opposition MPs to shout, “Where are the arrests?” “We have begun in earnest to put the... 

Announcement on Farlam Inquiry soon – Nhleko

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall

By: Martin Creamer Diversified mining company Anglo American has produced less diamond, copper, coal, manganese alloy and niobium in the three months to March 31. Diamond production fell by 10%, copper production by 19%, export thermal coal by 13%, export metallurgical coal by 9%, Eskom coal by 8% and niobium by 13%. 

Anglo diamond, copper, coal, manganese alloy, niobium outputs fall
Mark Cutifani

Amplats refined platinum output halved

By: Martin Creamer The refined platinum production of platinum mining company Anglo American Platinum (Amplats) halved in the three months to March 31, when metal-in-concentrate output rose 4% . Refined production plummeted 52% to 261 000 oz on a Section 54 work stoppage that closed the Precious Metals Refinery for... 

Amplats refined platinum output halved
Photo by Duane Daws
Chris Griffith

Sibanye investing R3.9bn in gold mines

By: Martin Creamer Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved... 

Sibanye investing R3.9bn in gold mines
Photo by Duane Daws
Neal Froneman

Lonmin appoints new CFO

Platinum miner Lonmin has appointed Barrie van der Merwe to succeed outgoing CFO Simon Scott from May 17. Van der Merwe is a chartered accountant and holds a BCom (Hons) degree in accounting from the University of Pretoria. 

Miners react to go-it-alone Zwane

By: Martin Creamer South African gold mining company Sibanye on Monday expressed disappointment that the draft revised Mining Charter was gazetted without prior consultation. In a unilateral action, Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic-empowerment Mining Charter,... 

Miners react to go-it-alone Zwane
Photo by Duane Daws
Mosebenzi Zwane

Sibanye reshuffles to bring platinum, energy into pack

By: Martin Creamer Gold-mining company Sibanye has revised its organisational structures in anticipation of imminent entry into platinum mining. As it becomes a multi-commodity business, Sibanye headed by CEO Neal Froneman will be restructured into separate, commodity specific divisions focused on operational... 

Sibanye reshuffles to bring platinum, energy into pack
Jean Nel

Zwane gazettes Mining Charter review for comment

By: Martin Creamer Mineral Resources Minister Mosebenzi Zwane on Friday gazetted the draft reviewed broad-based black economic empowerment Mining Charter for public comment. The Ministry said in a release to Creamer Media’s Mining Weekly Online that the draft sought to strengthen the charter’s efficacy to effect... 

Zwane gazettes Mining Charter review for comment
Photo by Duane Daws
Mosebenzi Zwane

Amplats clinches Bafokeng-like agreement with near-mine community

By: Martin Creamer Platinum mining company Anglo American Platinum (Amplats) on Friday announced a far-reaching agreement with the community that resides around its lucrative Mogalakwena mine in Limpopo. The agreement with the Mapela traditional community involves the establishment a corporate structure resembling... 

Amplats clinches Bafokeng-like agreement with near-mine community
Photo by Creamer Media
Chris Griffith

Headframe modelled using 3D technology

The first three-dimensional (3D) model produced by mining services company Murray & Roberts Cementation using its new three-dimensional printing technology is of mining company Ivanhoe Mines’ Platreef Shaft 2 headframe, in Limpopo. “3D printing of structures allows for the assessing of the... 

Headframe modelled using 3D technology
3D BENEFITS The physical model and the virtual models are almost identical, enabling the ergonomics of the structure to be visually checked to ensure functionality

Main sinking at Platreef Shaft 1

The changeover from presinking activities to main-sinking activities at Shaft 1 of the Platreef platinum-group metals (PGMs) mining project, in Limpopo, is expected to be completed by April, enabling the start of main sinking. Presinking of the shaft was completed to a depth of 54 m below surface. 

Main sinking at Platreef Shaft 1
MOVING ON Presinking of Shaft 1 at the Platreef project was completed to a depth of 54 m below surface

RBPlat puts losses behind it with sturdy quarterly performance

By: Martin Creamer January 1 to March 31 has proved a solid three months for Royal Bafokeng Platinum (RBPlat). The Johannesburg Stock Exchange-listed platinum mining company, controlled by the 100 000-strong Bafokeng community, used operational flexibility, stability and strategy to put the headline-per-share... 

RBPlat puts losses behind it with sturdy quarterly performance
Photo by Duane Daws
Steve Phiri

Modernisation at heart of new State-backed local mining equipment body

By: Martin Creamer The modernisation of South Africa’s mines and the extension of their lives are at the heart of a new government-backed local manufacturing body that will have access to a State-owned developmental cluster location, where joint development initiatives are envisaged. The new organisation – Mining... 

Modernisation at heart of new State-backed local mining equipment body
Photo by Duane Daws
Anton Wheeler (right) with Martin Creamer

Lonmin’s CFO to exit

By: Creamer Media Reporter JSE-listed Lonmin is on the hunt for a new CFO, as Simon Scott plans to bow out after five-and-a-half years to pursue other interests. While an official exit date was yet to be determined, it was expected that he would step down from the board and his directorship following the group’s interim... 

Lonmin’s CFO to exit
Photo by Duane Daws
Outgoing CFO Simon Scott

Zim probes Rio Tinto’s Murowa share disposal

By: News24Wire Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due procedure was followed. Rio Tinto disposed of its 78% stake in the Murowa diamond mine and also sold... 

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