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Platinum Group Metals News

New automatic system safeguards equipment

By: Nadine James     Updated 5 hours ago Early detection is critical to combat electrical fires in confined spaces and mitigate the risk of injuries and fatalities while limiting high-value equipment damage and system downtime, says environmental solutions provider I-CAT. To eliminate the difficulties associated with fire detection in... 

New engine oil promises significant cost savings

By: David Oliveira     Updated 5 hours ago Global petroleum company Shell’s latest heavy-duty diesel engine oil, Rimula R4L, coupled with its customer value proposition (CVP), aims to improve cost efficiency at mining operations amid the current tough economic climate. Shell South Africa commercial lubricants sales GM Anton Niemann... 

Platinum miner advancing safety initiatives

     Updated 5 hours ago Safety is a priority at all Impala Platinum’s (Implats’) operations, emphasises the South African platinum miner, which will roll out front-drive technology and proximity detection on track-bound equipment in 2017 as part of its safety strategy. The company describes the initiative as a “major... 

Platinum miner advancing safety initiatives
SAFE AS HOUSES Impala Platinum’s safety strategy entrenches the belief that mining can be conducted without causing injury and harm

Tackling increased alcohol consumption during festive season

By: Nadine James     Updated 5 hours ago The festive season can put companies at risk, as employees are more likely to drink alcohol not only more often but also to the point of excess, says drug and alcohol testing equipment provider Alco-Safe.  Alco-Safe director Rhys Evans notes that based on first-hand reports by safety managers,... 

Tackling increased alcohol consumption during festive season
RHYS EVANS At mining companies the number of people that report to work under the influence of alcohol over December increases to between 200 and 300 people a day

Anglo confronts messy divorce in miner’s South Africa birthplace

By: Bloomberg     8th December 2016 In 1917, Ernest Oppenheimer met with South African general and soon-to-be Prime Minister Jan Smuts to seek his blessing for a new mining company called Anglo American. Smuts wanted one assurance, the company was there for the long haul. Anglo, along with its sister company De Beers, made... 

Anglo confronts messy divorce in miner’s South Africa birthplace

Platinum fuel cell passes competitive muster at Implats 

By: Martin Creamer     7th December 2016 Impala Platinum Refinery and its partners are in the last phase of financial close for the introduction of 8 MW of off-grid electricity from a platinum-catalysed fuel-cell system that will make use of natural gas from the Sasol grid. “We expect to get close and first flow of funds by March, with... 

Platinum fuel cell passes competitive muster at Implats
Impala Platinum Refining Services Fuel Cell Coordinator Fahmida Smith

Gold Fields’ Muller appointed Implats CEO

     7th December 2016 Gold Fields executive VP for South Africa Nico Muller has resigned, effective March 3, to take up the position of CEO at Impala Platinum (Implats) on April 3. He will succeed Implats CEO Terence Goodlace, who will step down on December 1. 

Gold Fields’ Muller appointed Implats CEO
Photo by Duane Daws
Nico Muller

Anglo faces platinum test in possible South Africa spinoff

By: Bloomberg     5th December 2016 Anglo American is facing a showdown with its biggest investor, South Africa’s State-owned Public Investment Corporation, which wants the miner’s prized platinum assets included in any divestment of its local operations. PIC, which owns about 14.5% of Anglo, is insisting platinum is included in... 

Indaba invaluable, time-efficient industry barometer – previous delegates

By: Nadine James     5th December 2016 Considered the preferred deal-making platform for mining in Africa, the Investing in African Mining Indaba – scheduled to run from February 6 to 9, in Cape Town – offers invaluable networking opportunities and informative discussions and presentations, contributing to the success of African... 

Indaba invaluable, time-efficient industry barometer – previous delegates
TIME IS MONEY The Mining Indaba is the most time-efficient way of gaining insight into African mining

All systems go at Hernic as Jubilee eyes new projects

By: Natasha Odendaal     2nd December 2016 Mine-to-metals company Jubilee Platinum is days away from starting the commissioning of its new Hernic platinum group metals-bearing chrome tailings processing plant, in the North West. With some 90% of the budgeted capital spent to date, the group is nearing the full completion of the mechanical... 

PGM supply and demand forecast to decline 2% next year

By: Ilan Solomons     2nd December 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

PGM supply and demand forecast to decline 2% next year
2017 DECLINE PREDICTION Lower automotive, industrial and investment demand outweigh an increase in jewellery consumption, leaving the market with a deficit of 100 000 oz

PTM’s Maseve ramp-up dogged by DMR safety blitzes

By: Henry Lazenby     30th November 2016 The ramp up of South Africa-focused miner Platinum Group Metals’ (PTM’s)  cornerstone Maseve mine has been hampered in recent weeks by safety blitzes in the North West province by the inspectorate branch of South Africa's Department of Mineral Resources (DMR). The company noted on Tuesday that... 

$264m Zimplats mine development approved

By: Esmarie Swanepoel     30th November 2016 The board of Zimplats and its parent company Impala Platinum have given their respective approvals for the development of a $264-million platinum mine in Zimbabwe. The Mupani mine is a new 2.2-million-tonne-a-year underground complex, which will employ about 1 000 staff at full production. The... 

$264m Zimplats mine development approved

Platinum supply under extreme pressure – Dunne 

By: Martin Creamer     29th November 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

Platinum supply under extreme pressure – Dunne
Photo by Duane Daws
Northam Platinum CEO Paul Dunne

Tharisa posts record year with profit of $15.8m, announces maiden dividend

By: Megan van Wyngaardt     29th November 2016 Platinum group metals (PGMs) and chrome concentrates producer Tharisa on Tuesday reported “record results”, with its profit after tax more than doubling from $6-million in 2015, to $15.8-million for the year ended September 30. This translated into basic earnings per share (EPS) of $0.05 and... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Competition Commission approves Hebei's acquisition of Barplats

By: Megan van Wyngaardt     25th November 2016 South Africa’s Competition Commission on Friday approved Chinese company Hebei Zhongheng Tianda Platinum’s buyout of Eastern Platinum’s (Eastplats’) Barplats Mines, which holds Crocodile River mine (CRM). The commission found that the proposed transaction was unlikely to substantially prevent or... 

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

Amplats highlights importance of jewellery market at PlatAfrica awards

By: David Oliveira     25th November 2016 Platinum major Anglo American Platinum (Amplats), in association with Platinum Guild International (PGI) India and South African precious metals refining company Metal Concentrators, held the seventeenth PlatAfrica Jewellery Design Awards at the Inanda Club in Sandton, Johannesburg, earlier this... 

Industry recommits to ‘zero harm’ target as fatalities climb

By: Ilan Solomons     25th November 2016 The milestones that were agreed upon by all industry stakeholders at the 2014 Mine Occupational Health & Safety Summit are in danger of not being achieved in accordance with their timeline, warns Department of Mineral Resources (DMR) acting mines chief inspector Xolile Mbonambi. He was addressing... 

Industry recommits to ‘zero harm’ target as fatalities climb
RENEWED COMMITTMENT Cooperative Governance and Traditional Affairs Minister Des van Rooyen signs mining industry pledge renewal on achieving health and safety milestones agreed in 2014

Science council heavily involved in mining research and development

By: Keith Campbell     25th November 2016 Although the new Mining Precinct (or Mining Hub) initiative has rightly attracted a lot of interest (see “Mining Weekly” October 7), the mining and minerals research and development (R&D) activities of the Council for Scientific and Industrial Research (CSIR – a key participant in the Mining... 

Science council heavily involved in mining research and development

Tramecon

By: Creamer Media Reporter      25th November 2016 Turnkey laboratory solutions provider Tramecon services mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company further supplies South Africa-based product logistics monitoring for a Democratic Republic of Congo (DRC) client... 

Tramecon

Zimbabwe mining industry expects government to scrap platinum tax 

By: Reuters     24th November 2016 Zimbabwe's mining chamber said on Wednesday it expected the government to further defer or scrap altogether a 15% tax on raw platinum ore exports because mining companies had made enough progress towards building smelters. The southern African nation introduced the export levy in January but... 

Zimbabwe's gold, platinum output rise in first 9 months of 2016

By: Reuters     23rd November 2016 Zimbabwe recorded a 14% rise in gold production and a 20% rise in platinum output during the first nine months of this year despite weak commodity prices and cash shortages, the mining chamber said on Wednesday. Gold output totalled 16.2t between January to September, compared with 14.2t in the... 

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Anglo productivity up 40%

By: Martin Creamer     23rd November 2016 Mining company Anglo American, which has reduced the number of assets in its portfolio from 68 in 2012 to 42 now, is producing more product from those 42 assets than it was from the 68. As a consequence, the product produced per person is currently 40% higher than it was four years ago. 

Anglo productivity up 40%
Photo by Duane Daws
Anglo American CEO Mark Cutifani

PGM market faces 100 000 oz deficit in 2017 – WPIC

By: Ilan Solomons     22nd November 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

PGM market faces 100 000 oz deficit in 2017 – WPIC
World Platinum Investment Council research director Trevor Raymond

Gold from woodchips, grease, mine muck surprises on upside 

By: Martin Creamer     21st November 2016 The recovery of gold from mine waste at Goldplat Recovery in Benoni generates a surprisingly high level of revenue while simultaneously protecting the environment and providing hundreds of valuable jobs. The London Aim-listed Goldplat, a bona fide junior producer from secondary material, last... 

Gold from woodchips, grease, mine muck surprises on upside
Goldplat CEO Gerard Kisbey-Green talks to Mining Weekly Online’s Martin Creamer at the company’s Benoni site. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Mining major committed to SLP adherence

     18th November 2016 In the face of global and domestic economic challenges, the need for mining major Anglo American to make a positive, sustainable contribution to society is perhaps greater than ever, says Anglo American South Africa executive head Andile Sangqu. “We have not compromised in our efforts towards... 

Mining major committed to SLP adherence
UNION MINE Anglo American Platinum handed over 19 social and labour plan projects to the Rustenburg community

Mining promoted before protection of communities

By: Nadine James     18th November 2016 Many of the deficits pertaining to the implementation of social and labour plans (SLPs) reflect a legal regime established by the Mineral and Petroleum Resources Development Act (MPRDA) that, despite defined transformative objectives, primarily targets the promotion of mining activity rather than... 

Mining promoted before protection of communities
Photo by Reuters
LIVING IN MINING"S SHADOW Despite attempts to ensure that communities benefit from mining activity, the legislation surrounding social and labpur plans is flawed and skewed in the mining company's favor

Software solution enhances compliance, reduces costs

By: Nadine James     18th November 2016 The social and labour plan (SLP) management solution from governance, risk and compliance (GRC) software company IsoMetrix ensures increased compliance with the Mining Charter, the Mineral and Petroleum Resources Development Act (MPRDA) and the Department of Mineral Resources’ (DMR’s) SLP... 

Software solution enhances compliance, reduces costs
DASHBOARD CONFESSIONALS IsoMetrix's Social and Labour Plan Management solution includes several dashboards that provide real-time data for informed decision-making.

Concern raised about mine health and safety backsliding, targets under threat

By: Ilan Solomons     17th November 2016 The milestones that were agreed upon by all industry stakeholders at the 2014 Mine Occupational Health & Safety Summit are in danger of not being achieved in accordance with their timeline, warns Department of Mineral Resources (DMR) acting mines chief inspector Xolile Mbonambi. He was addressing... 

Concern raised about mine health and safety backsliding, targets under threat
Cooperative Governance and Traditional Affairs Minister Des van Rooyen signs mining industry pledge renewal on achieving health and safety milestones agreed in 2014

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

Thakadu to build $14m nickel beneficiation plant at Lonmin refinery

By: Martin Creamer     16th November 2016 Platinum mining company Lonmin on Wednesday announced that it had agreed to supply its crude nickel sulphate stream to beneficiator Thakadu Battery Materials, which will be constructing a $14-million high-purity battery-grade nickel sulphate plant at the platinum-mining company’s base metals... 

Thakadu to build $14m nickel beneficiation plant at Lonmin refinery
Thakadu CEO Ruli Diseko (right) with Lonmin CFO Barrie van der Merwe.

Eastplats' Q3 loss widens on former management’s termination pay, higher costs

By: Creamer Media Reporter      15th November 2016 Dual-listed Eastern Platinum’s (Eastplats’) loss for the third quarter ended September 30 widened to $3.99-million, from a loss of $500 000 in the third quarter of 2015, primarily owing to $1.2-million in one-off termination payments made to the company’s former management. Shareholder Ka An... 

Tharisa concludes project completion tests, reduces debt levels

By: Samantha Herbst     15th November 2016 Dual-listed platinum-group metals (PGMs) miner Tharisa Minerals has successfully concluded project completion tests in respect of a R1-billion senior debt finance facility, which will significantly reduce the group’s cost of debt. In a note to shareholders on Tuesday, Tharisa explained that the... 

Chamber welcomes Labour Court setting aside mine stoppage order

By: Martin Creamer     15th November 2016 The Chamber of Mines has welcomed the setting aside by the Labour Court of a Section 54 mine stoppage order that unjustifiably halted operations at AngloGold Ashanti’s Kopanang mine. The chamber said on Tuesday that the greater clarity that the judgment provided on the limits of the powers of the... 

Chamber welcomes Labour Court setting aside mine stoppage order
AngloGold's Kopanang mine at the centre of a welcomed Labour Court judgement

Atlatsa still feeling platinum price pinch

By: Megan van Wyngaardt     14th November 2016 Dual-listed Atlatsa Resources on Monday posted a 14.6% drop in revenue, for the three months ended September, to $48.9-million quarter-on-quarter, owing to a 19.9% decrease in platinum group metals produced at its Bokoni mine, near Polokwane. The company also saw a slight narrowing of losses,... 

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