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Platinum Group Metals News

RBPlat receives government approval for Maseve acquisition

By: Simone Liedtke     20th April 2018 South Africa’s Department of Mineral Resources (DMR) has been granted consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act for the transfer of the entire issued share capital of Maseve Investments 11, the holding company of the Maseve mine, in Rustenburg, to Royal... 

Siemens donates digital wall to Amplats’ Randfontein training centre

By: Nadine James     20th April 2018 Technology solutions provider Siemens donated a digital wall, featuring Siemens’ latest generation mineral processing system hardware and software to the Anglo American Platinum (Amplats) Engineering Skills Training Centre (ESTC), in Randfontein, Gauteng, last month. The centre was established in... 

Jubilee signs processing agreement with Northam’s Eland Platinum

By: Simone Liedtke     18th April 2018 Jubilee Metals has executed an agreement with Eland Platinum, a wholly-owned subsidiary of Northam Platinum, for the processing of platinum-rich PlatCro material, post-chrome removal. Under the terms of the agreement, Jubilee will deliver 60 000 t/m of PlatCro material to Eland, starting in June. 

Another hydrogen boost for platinum fuel cells

By: Simone Liedtke     18th April 2018 The introduction of platinum-using fuel cells has received another boost with the latest success in hydrogen compression announced by Anglo American Platinum (Amplats) on Wednesday.   Last week, Amplats revealed plans for a fuel cell dozer, which makes use of hydrogen in liquid, to make a 2019... 

Another hydrogen boost for platinum fuel cells
Photo by Creamer Media
Amplats PGM investment programme CEO Andrew Hinkly

Unpacking this week's mining headlines 

     18th April 2018 Mining Weekly Editor Martin Creamer unpacks this week's mining headlines: Glencore’s sustainability report, South Africa’s potential role in the Congo potash project and the debut of a game-changing fuel cell dozer. 

Unpacking this week's mining headlines
Unpacking this week's mining headlines

Jubilee sets new operational record

By: Simone Liedtke     17th April 2018 Jubilee Metals set a new operational record when it produced 1 858 oz of platinum-group metals (PGMs), in March, while its unit cost reached a low of $434/oz for the first quarter ended March 31. “I am very pleased with the continued operational improvements at our Hernic operations. I expect the... 

RBPlat lifts Q1 platinum production 13% y/y

By: Marleny Arnoldi     17th April 2018 JSE-listed Royal Bafokeng Platinum (RBPlat) achieved a 12.2% year-on-year increase in platinum, palladium, rhodium and gold (4E) platinum group metals production to 81 100 oz in the quarter ended March 31. Total tonnes delivered to concentrators increased by 1.9% to 735 000 t, with the Bafokeng... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Fuel cell dozer expected to make game-changing 2019 debut

By: Martin Creamer     12th April 2018 A fuel cell dozer that runs on hydrogen carried in liquid is expected to make a game-changing debut underground next year, Anglo American Platinum (Amplats) CEO Chris Griffith said last night. Speaking at the fortieth African Mining Network dinner, Griffith said third generation development had... 

Fuel cell dozer expected to make game-changing 2019 debut
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith

Police release identities of Limpopo mineworkers killed in petrol bomb attack

By: African News Agency      12th April 2018 Police forensics on Thursday released the names of the six mineworkers killed after a petrol bomb was set off inside the bus they were travelling in to Limpopo's Modikwa Platinum Mine near Burgersfort earlier this month. They are Moniccah Mabilo, 57, from Ga Mahlokwane village, Johannes Malepe,... 

Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines  

     12th April 2018 Mining Weekly editor Martin Creamer unpacks Vision 2030, the new addition to the Ivanhoe board and the crisis in the PGMS industry. 

Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines
Vision 2030, Ivanhoe board and the PGMs crisis make this week's headlines

PTM warns of liquidity constraints ahead of completion of stage two of Maseve transaction

By: Marleny Arnoldi     12th April 2018 Project developer Platinum Group Metals (PTM) has warned that its liquidity will be constrained until the second stage of the sale of its Maseve mine to Royal Bafokeng Platinum (RBPlat) is completed.  

Deripaska withdraws from Nornickel board nomination

By: Reuters     12th April 2018 Russian tycoon Oleg Deripaska has withdrawn his nomination candidacy to join the board of Norilsk Nickel, the mining firm said in a statement on Thursday. Deripaska had been nominated to join the board, a regulatory disclosure showed on April 5. 

Palladium surges 6% on jitters over Russia sanctions

By: Reuters     11th April 2018 Palladium has surged 6% this week on the back of concerns that supply from number one producer Russia could be hurt by sanctions imposed by the US. Although the supply pipeline of the metal, more than two-fifths of which is sourced in Russia, has not been directly hit by the sanctions, the... 

Palladium surges 6% on jitters over Russia sanctions

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

S African foundry aims to expand footprint in North America
Thos Begbie CEO Edwin Dreyer discusses the North America smelting market. Camerawork: Nicholas Boyd.

Vision 2030 mining growth strategy under development ­– ­DMR

By: Martin Creamer     10th April 2018 A Vision 2030 for the mining industry, and a strategy for growth and competitiveness of the sector, are topics under development, the Department of Mineral Resources (DMR) said on Tuesday, when efforts to finalise and gazette the Mining Charter also intensified. In announcing that Mineral... 

PGMs industry sees crisis, Mantashe sees new dawn

By: Marleny Arnoldi     10th April 2018 Mineral Resources Minister Gwede Mantashe on Tuesday described the mining industry as one that is in self-doubt, believing that it is about to die, where suspicion and mistrust is at a high level. “I fail to understand why platinum is in a crisis,” he said, adding that mining stakeholders need to... 

PGMs industry sees crisis, Mantashe sees new dawn
Photo by Wynand van der Merwe
Gwede Mantashe

Palladium's slide from record high hits solid floor

By: Reuters     10th April 2018 Palladium's 20% fall from its January record high has put the metal in bear market territory, but strong chart support and tightness in the underlying market suggest it has hit a solid floor more than 40% above its ten-year average. Palladium, the most industrial of the major precious metals,... 

Tharisa delivers robust Q2 performance

By: Simone Liedtke     10th April 2018 Integrated resource group Tharisa delivered another robust performance in the second fiscal quarter ended March 31, with 1.3-million tonnes of material milled, resulting in production of 38 200 oz of platinum, palladium, rhodium, ruthenium, iridium and gold (6E) platinum group metals (PGMs), at a... 

Tharisa delivers robust Q2 performance

Sibanye-Stillwater refinances, increases US dollar revolving credit facility

By: Marleny Arnoldi     6th April 2018 Precious metals miner Sibanye-Stillwater has refinanced its existing $350-million US dollar revolving credit facility (RCF) on improved terms.  

Sibanye-Stillwater refinances, increases US dollar revolving credit facility
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

First phase of PTM’s Maseve sales transaction completed

By: Simone Liedtke     6th April 2018 TSX-listed Platinum Group Metals (PTM) has completed the sale of its Maseve concentrator plant, near Rustenburg, in South Africa’s North West province, as well as the sale of certain surface rights to Royal Bafokeng Platinum (RBPlat). PTM and RBPlat in November 2017 executed definitive agreements... 

Zimbabwe's biggest platinum miner says local listing won't work

By: Bloomberg     6th April 2018 Impala Platinum Holdings said Zimbabwe’s plan to compel mining companies to list the majority of their shares on the local exchange isn’t feasible and would impede operators’ ability to grow and invest in their assets. Lawmakers in the southern African nation are debating the measure as part of a... 

First phase at platinum mine project completed

     6th April 2018 Project delivery and engineering consultancy company WorleyParsons RSA in December completed the first phase of platinum mining company Wesizwe Platinum's R10.7-billion Bakubung platinum mine project near Rustenburg in the North West. Wesizwe Platinum officially launched its flagship Bakubung... 

First phase at platinum mine project completed
DEEP LEVEL Wesizwe Platinum's Bakubung mine project production shaft headgear

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Kabwe mining licence reinstated – Jubilee

By: Anine Kilian     5th April 2018 The small-scale mining licence for the Kabwe lead/zinc/vanadium project, in Zambia, has been reinstated with immediate effect. This paves the way for AltX- and Aim-listed Jubilee Metals Group, in partnership with Aim-listed BMR Group, to begin with the joint execution of the project. 

Unpacking this week's headlines 

     4th April 2018 Bad news kicked off this week when six mineworkers from the Modikwa Platinum Mine in Limpopo were killed when the bus they were travelling in was set alight. The Australian government is investing A$50-million into drilling research. Martin Creamer noted that a sense of urgency is needed to... 

Unpacking this week's headlines
Unpacking this week's headlines

Five arrested for murder of miners who were burnt beyond recognition

By: News24Wire      4th April 2018 Five men have been arrested for the violent murders of six Modikwa Platinum Mine workers outside Driekop, in Limpopo. Provincial police spokesperson Brigadier Motlafela Mojapelo said two of the men had been arrested on Tuesday evening, and three more on Wednesday. "The high-level investigation... 

M&R Cementation employees return to work at Booysendal North mine

By: Marleny Arnoldi     4th April 2018 Employees of Murray & Roberts Cementation (MRC) returned to work at platinum group metals producer Northam Platinum’s Booysendal North mine, on the border of Limpopo and Mpumalanga, on Wednesday.  

M&R Cementation employees return to work at Booysendal North mine
Northam Platinum's Booysendal mine

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Post-Mugabe Zimbabwe mining rush leaves big producers behind
Zimbabwe President Emmerson Mnangagwa

Six mineworkers die after their bus is set alight

By: News24Wire      3rd April 2018 Six mineworkers died and 28 others were injured after the bus they were travelling in was set alight outside Driekop, in Limpopo, on Monday evening. "Two people who pretended to be mine workers, got onto the bus and set it alight. They then got out and fled," Limpopo police spokesperson Brigadier... 

Petrol autocatalysts, fuel cells seen driving automotive platinum demand in future

By: Nadine James     30th March 2018 Multidisciplinary research team Afriforesight expects that future platinum demand will rely heavily on the successful uptake of fuel cells as well as petrol autocatalyst manufacturers switching from palladium-based to platinum-based coatings. Afriforesight chief chrome and platinum group metals... 

Platinum mine rope attachments’ installation completed

By: Paige Müller     30th March 2018 The installation of winding rope attachments for man-and-materials shaft winders at a platinum mine on the western limb of the Bushveld Igneous Complex, in Limpopo, has recently been completed, says mining equipment supplier Becker Mining South Africa (SA) GM Tom Searle. Becker Mining SA was... 

Platinum mine rope attachments’ installation completed
WINDING ROPE ATTACHMENTS All Becker Mining rope attachments are designed to conform to statutory requirements

Transport system ready for implementation in new investment cycle

By: Paige Müller     30th March 2018 Negative investor sentiment in the mining sector over the past four years has slowed the local mining industry’s adoption of a new suspended underground mining transportation system, designed by South African transportation system solutions provider Futran Holdings. Futran Holdings, the developer... 

Transport system ready for implementation in new investment cycle
SUSPENDED TRANSPORTATION Futran Holdings has developed the Futran OreVeyor suspended underground mining transportation system

Modular buildings supplier aims to expand its African footprint

By: Melissa Zisengwe     30th March 2018 The remote locations of African mine sites represent a significant business growth opportunity for prefabricated modular buildings supplier Kwikspace, says Kwikspace sales executive Roberto Campos. 

Modular buildings  supplier aims to expand  its African footprint
MINE-SITE OFFICES The South African mining sector has been Kwikspace’s biggest customer

Underground rail transport at local mines not being prioritised  

By: Paige Müller     30th March 2018 Underground rail infrastructure at South African mines is not operating at its full potential, predominantly owing to poor track-system choices and a lack of critical maintenance, says multidisciplinary engineering consultancy firm WSP Africa technical director of rail transport and... 

Underground rail transport at local mines not being prioritised
Multidisciplinary engineering consultancy firm WSP Africa discusses the state of underground rail transportation in South Africa’s mines. Camerawork and Editing: Nicholas Boyd.

Atlatsa headline loss widens

By: Anine Kilian     29th March 2018 JSE-and TSX-listed Atlatsa Resources’ headline loss a share widened to $0.16 for the year ended December 31, 2017, compared with a loss of $0.08 in the 2016 financial year. The company said in a statement on Thursday that revenue decreased by 28.4% year-on-year to $116.5-million, owing to a... 

Eastplats targets first revenue from tailings project in Q3

By: Marleny Arnoldi     28th March 2018 Vancouver-based Eastern Platinum (Eastplats) reported on Wednesday that the construction of its Barplats subsidiary’s tailings facility at the Crocodile River mine, in South Africa’s North-West, was progressing well and that it expected to generate its first revenue from the operation in the... 

North American Palladium makes PGM discovery at Sunday Lake

By: Henry Lazenby     27th March 2018 Winter exploration results from the Sunday Lake platinum-group metals (PGM) deposit, 25 km northeast of Thunder Bay, Ontario, has led to the discovery of new PGM mineralisation in the central part of the property, with extensions to the east, that open up a much larger area for exploration, North... 

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