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Platinum Group Metals News

Strike-hit but upbeat Sibanye confident of value uplift as precious metals shine

By: Martin Creamer     Updated 3 hours ago Precious metals company Sibanye-Stillwater expressed confidence on Thursday that the global precious metals surge would enable it to deliver value despite the prolonged strike challenge that the company is contending with. The company reported 8%-lower earnings before interest, taxes,... 

Sibanye-Stillwater raises 2018 expected loss to R2.5bn

By: Reuters     20th February 2019 Sibanye-Stillwater said on Wednesday it expects its full-year attributable loss to be over $100-million larger than the guidance given in a trading statement last week, following a review of tax changes in the US. The gold and platinum miner's shares fell into negative territory on the news that... 

Kumba, Amplats 2018 financial results  

20th February 2019 This week, Mining Weekly editor Martin Creamer discusses Kumba and Amplats’ 2018 financial results   

Kumba, Amplats 2018 financial results
Kumba, Amplats 2018 financial results. Camerawork and Editing: Creamer Media's Nicholas Boyd.

Palladium bursts above $1 500 as shortages ignite record rally

By: Bloomberg     20th February 2019 Palladium powered above $1 500 to hit a record, extending a powerful rally driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. Spot palladium rose as much as 1.7% to $1 505.46/oz, and was at $1 501.89 at 11:38 a.m.... 

Palladium bursts above $1 500 as shortages ignite record rally

Platreef weighted basket price reaches three-year high – Ivanhoe

By: Nadine James     19th February 2019 Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng Sun, as well as Ivanplats MD Dr Patricia Makhesha, on Monday announced that the weighted basket price of the metals contained in the Platreef palladium/platinum/rhodium/nickel/copper/gold project has risen to a new, three-year high.... 

Implats announces revised interim HEPS, EPS figures

By: Simone Liedtke     18th February 2019 Following the release of a trading statement earlier this month, Impala Platinum (Implats) on Monday said that it “now has reasonable certainty” that its headline earnings and headline earnings per share (HEPS) for the six-month period ended December 31, 2018, are likely to be between... 

Sylvania on track to meet revised FY19 production guidance

By: Simone Liedtke     18th February 2019 Sylvania Platinum CEO Terry McConnachie remains confident that Sylvania will achieve its revised production guidance of between 73 000 oz and 76 000 oz for the full 2019 financial year. The company’s Sylvania Dump Operations (SDO) had achieved only a marginal increase in production to 34 045 oz... 

High-flying Amplats sets ‘next wave of strategy’ in motion 

By: Martin Creamer     18th February 2019 Anglo American Platinum (Amplats), which shot the lights out with a set of stupendous cash-splurging, debt-negating, high-dividend-yielding 2018 results, on Monday set its “next new wave of strategy” in motion, which involves extracting the full potential from its operations through people and... 

High-flying Amplats sets ‘next wave of strategy’ in motion
Photo by Creamer Media Chief Photographer Dylan Slater
Anglo American Platinum CEO Chris Griffith

Rustenburg unemployed demand jobs at a mine

By: African News Agency      18th February 2019 Unemployed people at Ikemeleng in Kroondal near Rustenburg marched to the Kroondal Mine on Monday, demanding jobs. "We are here today to let the mine know that we as Ikemeleng community want what is ours and that is jobs and tenders. There is a tender that came out dealing with the dumping area... 

Cash-flush Amplats ups dividend, studies 100 MW solar possibility

By: Martin Creamer     18th February 2019 The deaths of two mineworkers at the Amandelbult mine marred an outstanding performance by Anglo American Platinum (Amplats), which has paid out a total of R3-billion cash in dividends for the 12 months to end December, recorded record production from the Mogalakwena, Unki and Kroondal mines,... 

Cash-flush Amplats ups dividend, studies 100 MW solar possibility
Photo by Creamer Media
Anglo American Platinum CEO Chris Griffith

ARM expects increase in H1 headline earnings

By: Simone Liedtke     15th February 2019 Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the six months ended December 31, to increase by between 8% and 15% to between R11 and R11.80, compared with the R10.23 reported for the first half of the prior financial year. This positive impact is as a... 

Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

By: Paige Müller     15th February 2019 Amid slow progress in realising South Africa’s mineral beneficiation strategy – as set out in the Department of Mineral Resources (DMR) 2011 policy document – mining industry participants, analysts and experts are re-evaluating the feasibility of mineral beneficiation as a growth trajectory path.... 

Re-evaluation of SA’s mineral beneficiation strategy urged amid slow progress

Gold, operational costs drag down South Africa’s December mining production

By: Marleny Arnoldi     14th February 2019 South Africa’s mining production decreased by 1.6% year-on-year in 2018, following a 3.9% year-on-year increase in 2017 and a decrease of 3.7% year-on-year in 2016, Statistics South Africa (Stats SA) revealed on Thursday. In December, mining production decreased by 4.8% year-on-year, with the... 

Palladium supply shortfall will worsen this year – Johnson Matthey

By: Reuters     13th February 2019 A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly... 

NAP defines new exploration targets at Lac des Iles

By: Tasneem Bulbulia     12th February 2019 Recent exploration at North American Palladium’s Lac des Iles Mine (LDI) property, located 90 km north of Thunder Bay, Ontario, has defined seven underground targets in the southern part of the deposit and several discrete near-surface exploration targets, all of which are expected to be drilled... 

HCI increases PTM shareholding to 19.89%

By: Simone Liedtke     11th February 2019 Hosken Consolidated Investments (HCI) has acquired, through a private placement undertaken by its subsidiary Deepkloof, over two-million common shares in TSX-listed Platinum Group Metals (PTM) at $1.33 a share, for a total consideration of $2.8-million. This acquisition brings HCI’s total... 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Labour Court rejects Sibanye’s application to halt strike again

By: Marleny Arnoldi     8th February 2019 Sibanye-Stillwater on Friday said the Labour Court had rejected its application to stop the ongoing strike that the Association of Mineworkers and Construction Union (Amcu) started at its gold operations in November 2018, on technical legal grounds. The court stated res judicata, which means... 

Lonmin’s Q1 results show improved liquidity despite relatively poor performance  

By: Nadine James     8th February 2019 Platinum miner Lonmin on Friday released its unaudited first-quarter production results for the three months ended December 31, 2018, stating that its relatively poor operational performance had been partially redeemed by its improved liquidity. The company noted that the first quarter is... 

Lonmin’s Q1 results show improved liquidity despite relatively poor performance
Photo by Creamer Media
Ben Magara

Gra-Tech to add value in PGMs industry

By: Cameron Mackay     8th February 2019 Precious metals recovery company Gra-Tech is aiming to assist companies that are active in the platinum group metals (PGMs) industry, particularly mines and Nitric Acid plants, as it looks to expand into other emerging markets. “Industry has not realised the massive value contained in old and... 

Gra-Tech to add value  in PGMs industry
CLEANING FOR METALS RECOVERY PGMs are absorbed into the surfaces of the equipment and we complete a destructive or nondestructive clean to remove these precious deposits for recovery

Platinum odd one out in expected PGMs growth – analyst

By: Cameron Mackay     8th February 2019 Aside from the relative lag in demand and price for platinum, the other platinum group metals (PGMs) – osmium, iridium, ruthenium, rhodium and particularly palladium – are expected to develop a stronger presence in the markets after a strong 2018, says global precious metals mining company... 

Platinum odd one out in expected PGMs growth – analyst
PLATINUM OVERSUPPLY At 2018 basket prices we saw anywhere between 500 000 oz and 800 000 oz of PGMs coming out of the primary supply side, mostly from South Africa, when the prices just were not sustainable

Tharisa remains committed to Zim PGMs investment

By: Cameron Mackay     8th February 2019 Despite the turbulent political landscape in Zimbabwe currently, low-cost platinum group metals (PGMs) and chrome concentrate producer Tharisa Minerals remains fully committed to its Investment Project Framework Agreement with the Zimbabwe government. The agreement involves the establishment of a... 

Tharisa remains committed to Zim PGMs investment
THARISA PLANT We remain optimistic about PGMs and will continue to invest in the locations we operate in, while looking for new opportunities

Aury Africa aims for expansion into PGMs sector

By: Cameron Mackay     8th February 2019 Screening and vibrating equipment solutions and services provider Aury Africa is planning to expand its operations into the platinum group metals (PGMs) market this year with the introduction of radio-frequency identification (RFID) audit and inspection solutions. Aury Africa regards the local... 

Aury Africa aims  for expansion into PGMs sector
EXPANSION INTO PGMS MARKET The company hopes to use its signature range of products and services, such as vibrating screens, to capitalise on opportunities in the PGMs market this year

Northam achieves record H1 operating profit, R5bn in revenue

By: Nadine James     7th February 2019 Northam, in an operational update released on Thursday, announced that it expects to report a record operating profit of R1-billion for the six months ended December 31, 2018. Its operating profit ballooned by 204.3% from the R338.8-million operating profit achieved in the six months to December... 

Minerals Council’s national platinum strategy targets real potential 

By: Martin Creamer     6th February 2019 Minerals Council South Africa on Wednesday launched a national platinum strategy, which aims at sustaining a million jobs and contributing R8.2-trillion to South Africa’s economy by 2050. Speaking at a media conference at Investing in African Mining Indaba on Wednesday, Minerals Council CEO Roger... 

Minerals Council’s national platinum strategy targets real potential
Photo by Dylan Slater
Minerals Council CEO Roger Baxter

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Working together can deliver mining’s massive benefits – Friedland
Ivanhoe Mines executive co-chairperson and founder Robert Friedland speaks about the winds of change blowing in South Africa and the DRC and the benefits mining companies, African governments and communities can reap if all parties work together. Video and editing: Nicholas Boyd.

Tharisa starts trading on A2X

By: Marleny Arnoldi     6th February 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa on Wednesday started trading on A2X Markets. This is the company’s secondary listing in South Africa, with its primary listing on the JSE. Its LSE listing also remains.  

Improved operational performance, prices drive Amplats’ FY18 earnings higher

By: Marleny Arnoldi     5th February 2019 Anglo American Platinum (Amplats) expects to report basic earnings of R6.5-billion for the year ended December 31 – a 289% increase on basic earnings reported for 2017. This translates to basic earnings a share of R25, compared with the R7.41 a share reported for 2017.  

Palladium rally offers lifeline to stressed South African miners

By: Bloomberg     5th February 2019 Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry. For South African producers, the rally in palladium is partially offsetting the slump in platinum prices to near a decade low. Combined with a decline in the rand, which lowers costs for... 

Palladium rally offers lifeline to stressed South African miners

Implats expects higher H1 output, earnings a share

By: Tasneem Bulbulia     4th February 2019 JSE-listed Impala Platinum (Implats) expects to report a 10% year-on-year increase in refined platinum production to 800 000 oz for the six months ended December 31, compared with the 727 000 oz produced in the six months ended December 31, 2017. The increase in refined platinum production is... 

Metal prices boost Zimplats’ Dec quarter revenue

By: Creamer Media Reporter      31st January 2019 Platinum group metals miner Zimplats on Thursday reported a 5% quarter-on-quarter decrease in platinum, palladium, rhodium and gold (4E) production to 133 086 oz for the quarter ended December 31. The decrease was the result of a 5% decrease in the volume of concentrates smelted, as a result of a... 

PGM-using patents abound – CPM  

By: Martin Creamer     31st January 2019 Viable patents that involve the use of platinum group metals (PGMs) should be commercialised so that PGMs become less dependent on the automotive market, says CPM Group MD and founder Jeffrey Christian. CPM’s current projections, which are similar to those in the automotive and electricity supply... 

PGM-using patents abound – CPM
CPM Group MD Jeffrey Christian talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Christo Greyling.

Amcu says Sibanye-Stillwater makes new attempt to halt strike

By: African News Agency      31st January 2019 Labour union Association of Mineworkers and Construction Union (Amcu) says mining firm Sibanye-Stillwater has filed another application to the labour court for an interdict preventing its members from continuing with a wage strike dating back to November. Sibanye-Stillwater has argued that Amcu... 

Sylvania delivers despite challenging quarter

By: Tasneem Bulbulia     31st January 2019 Despite a number of challenges, Sylvania Platinum’s Sylvania Dump Operations (SDO) produced 14 907 oz of platinum, palladium, rhodium and gold (4E) during the second quarter ended December 31, 2018. Late summer rains had resulted in make-up water boreholes on the western limb of the Bushveld... 

South Africa's largest labour union plans nationwide strike over mass layoffs  

By: Reuters     30th January 2019 South Africa's largest labour union group, with more than a million and a half members, said on Wednesday it would stage a nationwide strike on Feb. 13 over large-scale layoffs at ailing state-owned firms and at private companies. The decision by the Congress of South African Trade Unions... 

Nornickel to boost nickel, palladium output in 2019

By: Reuters     30th January 2019 Russia's Norilsk Nickel (Nornickel), the world's largest palladium producer, said on Wednesday its output of palladium and nickel from Russian raw material would increase in 2019. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, said previously it would ramp up... 

Nornickel to boost nickel, palladium output in 2019

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year  

By: Nadine James     30th January 2019 State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral”, Minerals Council South Africa chief... 

Minerals Council's Langenhoven warns of tipping point for mining if electricity tariffs increase by 15% a year
Minerals Council South Africa chief economist Henk Langenhoven discusses the impact of Eskom’s proposed tariff increases on South Africa's mining sector. Video and editing: Darlene Creamer.

Palladium, tailings dam disaster, brine opportunities make headlines 

30th January 2019 This week, Mining Weekly Editor Martin Creamer discusses Palladium theft, Brazil's deadly tailings dam collapse and the opportunities in brine. 

Palladium, tailings dam disaster, brine opportunities make headlines
Palladium, tailings dam disaster, brine opportunities make headlines
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