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Platinum Group Metals News

SA Mint should reveiw Mandela coin plans after Royal Mint blazes new platinum coin trail

By: Martin Creamer     Updated 2 hours 12 minutes ago The decision of the Royal Mint, in the UK, to launch its first-ever platinum bullion products has rekindled hopes that the South African Mint will wipe the dust off its plans for a Mandela coin in platinum and mimic some of its gold coin success. In what is potentially a beneficial measure to... 

Despite glorious past, mineral processing innovation faces uncertain future

By: Mia Breytenbach     26th May 2017 While the mining industry does not yet seem to be in a crisis regarding innovation in minerals processing, it certainly seems to be on a downward trajectory, says former Julius Kruttschnitt Mineral Research Centre (JKMRC) director and emeritus professor Tim Napier-Munn, noting that, with... 

Despite glorious past, mineral processing innovation faces uncertain future

Local company progresses plans for nickel beneficiation plant

By: Mia Breytenbach     26th May 2017 Beneficiator Thakadu Battery Materials has taken significant steps towards progressing its high-purity battery-grade nickel sulphate plant project, which is expected to produce up to 25 000 t/y of high-purity nickel sulphate from South Africa-focused platinum producer Lonmin’s crude nickel... 

Local company progresses plans for nickel beneficiation plant
MATERIAL PROVISION Thakadu will beneficiate the crude nickel sulphate stream and produce high-purity, battery-grade nickel sulphate at its purification plant

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Platinum market expected to be ‘broadly balanced’ this year

By: Ilan Solomons     26th May 2017 The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels. 

Platinum market expected to be ‘broadly balanced’ this year
Photo by Amplats
COMPONENT FACTOR Automotive demand for 2016 and 2017 was revised upward by 45 000 oz, reflecting the revisions owing higher-than-expected global vehicle sales

Training academy deriving ‘incredible’ value from simulators

     26th May 2017 Simulation has resulted in a definite, dramatic reduction in training cycle times, says Bedfordview-headquartered mining contractor Murray & Roberts’ Murray and Roberts Training Academy (MRTA) education and training development (ETD) executive Tony Pretorius. With five, high-fidelity Cybermine... 

Training academy deriving ‘incredible’ value from simulators
SIMULATED LEARNING The Murray and Roberts Training Academy provides training for an exceptionally diverse client base, including gold producer AngloGold Ashanti

Resources Watch  

     25th May 2017 Implats trial of safety packed drill rig imminent; KZN coal mine supplying communities’ water needs and mulls output expansion; And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

Resources Watch
Implats trial of safety packed drill rig imminent KZN coal mine supplying communities’ water needs and mulls output expansion And, Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer

Implats launches dual convertible bond offerings

By: Martin Creamer     25th May 2017 Platinum mining company Impala Platinum (Implats) on Thursday launched dual convertible bond offerings to enhance the company’s short-to-medium term liquidity and maintain its strong financial position. Johannesburg Stock Exchange-listed Implats, headed by new CEO Nico Muller, is offering up to... 

Implats launches dual convertible bond offerings
Photo by Duane Daws
Implats CEO Nico Muller

Lonmin says re-starts two S Africa shafts after protests halted

By: Reuters     24th May 2017 Platinum producer Lonmin re-opened two of its shafts in South Africa on May 20 after community protests stopped, a spokesperson said on Wednesday. The E2 and E3 shafts, which were temporarily closed after the community demanded jobs at the mine, were fully opened on Saturday but had been paused... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra
Engineering News Online’s Martin Creamer talks to Thos Begbie’s Edwin Dreyer and Dekra’s Johan Gerber. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Pallinghurst share price leaps on value unlock outline
Photo by Duane Daws
Arne Frandsen (left) and Brian Gilbertson at Pallinghurst's listing on the JSE ten years ago

Northam Platinum hunting for quality South African mines to buy

By: Reuters     19th May 2017 South African miner Northam Platinum is searching for mines to buy but is struggling to find high-quality, mechanised operations for sale in South Africa, its chief executive said. The midtier producer, which has been bolstered by a strong balance sheet that is rare in the embattled industry, is... 

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

AMCU to continue pressuring mining houses to pay ‘living wages’

By: Ilan Solomons     19th May 2017 Workers Day is a time when South African workers come together in solidarity with workers worldwide to celebrate the gains made, while also calling for more improvements to the livelihoods and working conditions of labourers around the world, said Association of Mineworkers and Construction Union... 

AMCU to continue pressuring mining houses  to pay ‘living wages’
RAISING THEIR VOICES AMCU will “intensifying the struggle” for the betterment of the working conditions of mineworkers in South Africa

Jubilee Platinum’s Hernic project to reach design capacity of 45 000 t/m by next month

By: Mia Breytenbach     19th May 2017 Dual-listed mine-to-metals company Jubilee Platinum’s Hernic project, in the western Bushveld in South Africa,  continues to successfully ramp up its production and is expected to reach full design capacity of 45 000 t/m of feed material by next month. The project produced its first commercial... 

Jubilee Platinum’s Hernic project to reach  design capacity of 45 000 t/m by next month
Photo by Duane Daws
LEON COETZER Our new business development is advancing at an encouraging pace

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Strong stance on employee safety required – miner

     19th May 2017 South Africa’s diverse wealth of minerals and a well-regulated mining industry mean mines employ hundreds of thousands of mineworkers from all over Africa, states miner, refiner and marketer of platinum-group metals Impala Platinum (Implats). 

Strong stance on employee safety required – miner
Photo by Duane Daws
TOP PRIORITY Safety needs to be respected and prioritised above all other tasks

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

New cost-slashing platinum technology gaining impressive momentum
Photo by Duane Daws
Pallinghurst chairperson Brian Gilbertson (centre), Pallinghurst CEO Arne Frandsen (right) in an earlier discussion with Martin Creamer on the new platinum technology.

Coins, reserve currency on the cards to boost platinum demand 

     18th May 2017 Boosting demand for Platinum is on the agenda once again, with the spotlight on platinum coins and the concept of instating platinum as a reserve currency. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

Coins, reserve currency on the cards to boost platinum demand
Coins, reserve currency on the cards to boost Platinum demand.

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Zimbabwe plans $200m platinum refinery with Australia's Kelltech

By: Reuters     17th May 2017 Zimbabwe is planning to build a $200-million platinum refinery next year in a joint venture with Australia's Kelltech, the Mines Minister said on Wednesday. The Southern African nation holds the world's largest deposits of platinum after South Africa and has been pushing mining firms operating in... 

Platinum output grinds lower, but not fast enough to boost prices

By: Reuters     17th May 2017 South Africa's platinum output is grinding lower as producers cut capital expenditure and shutter unprofitable areas, but it is not happening fast enough to tackle the industry's bigger problem - rock-bottom prices for the metal itself. Platinum prices in dollar terms are up just 4% this year in... 

Platinum output grinds lower, but not fast enough to boost prices

More South African mining jobs at stake on policy uncertainty – Amplats CEO

By: Reuters     17th May 2017 Policy uncertainty in South Africa and low commodity prices are hurting investment in the mining sector and will lead to further job cuts, the chief executive of the world's biggest platinum miner, Anglo American Platinum (Amplats), said on Tuesday. The embattled industry is waiting for the... 

More South African mining jobs at stake on policy uncertainty – Amplats CEO
Photo by Duane Daws
Amplats CEO Chris Griffith

Eastplats investigation nearing completion

By: Henry Lazenby     17th May 2017 An investigation into the dealings of the ousted management of TSX- and JSE-listed Eastern Platinum (Eastplats) is drawing to a close, which will allow the company to file its 2016 audited financial statement within the next two weeks. The South Africa-focused miner missed the March 31 deadline... 

Thakadu progresses nickel beneficiation plant plans

By: Mia Breytenbach     16th May 2017 Beneficiator Thakadu Battery Materials has taken significant steps forward in its high-purity battery-grade nickel sulphate plant project, which is expected to produce up to 25 000 t/y of high-purity nickel sulphate from South Africa-focused platinum producer Lonmin’s crude nickel sulphate... 

Thakadu progresses nickel beneficiation plant plans

Solid operational performance drives Tharisa’s H1 earnings higher

By: Megan van Wyngaardt     16th May 2017 Platinum and chrome producer Tharisa’s platinum group metals (PGM) concentrate production for the six months to March 31 increased by 15.2% year-on-year to 69 100 oz, as ore mined increased by 3.8% to 2.45-million tonnes. CEO Phoevos Pouroulis noted that the solid operational performance... 

Solid operational performance drives Tharisa’s H1 earnings higher
Tharisa CEO Phoevos Pouroulis

PTM appoints advisory firm as it seeks offtake options for Waterberg project 

By: Megan van Wyngaardt     15th May 2017 TSX-listed Platinum Group Metals (PTM) and joint venture partner Japan Oil, Gas and Metals National Corporation have selected SFA Oxford to assess potential offtake options and commercial terms for the Waterberg platinum group metals (PGMs) project. SFA will assist in formulating a metallurgical... 

Atlatsa revenue impacted by lower Q1 production

By: Megan van Wyngaardt     15th May 2017 Dual-listed Atlatsa Resources’ revenue decreased by 6.1% year-on-year to C$33.4-million for the three months ended March 31, owing to a 3.5% decrease in platinum group metals (PGM) ounces produced at its Bokoni mine, near Polokwane. Revenue was further impacted by a 1.5% decrease in the rand PGM... 

Platinum misses out on clean air push for vehicles

By: Reuters     15th May 2017 With London mayor Sadiq Khan and his Parisian counterpart Anne Hidalgo cracking down on vehicle emissions this spring in the global push for clean air, it should be a boom time for platinum which is used in catalytic converters. But it is not likely to translate into higher demand for the metal.... 

Royal Mint launches first ever platinum products

By: Martin Creamer     15th May 2017 The Royal Mint, one of the world’s oldest issuers of bullion coins and bars, on Monday launched its first ever platinum bullion products. In what is potentially a beneficial measure to boost platinum demand, the 1 000-year-old organisation has launched 500 g and kilo platinum bars as... 

Royal Mint launches first ever platinum products
Platinum coins

Lonmin buys remaining Pandora stake

By: Martin Creamer     15th May 2017 Platinum mining company Lonmin has bought the remaining 7.5% stake in Pandora platinum operation from Northam Platinum. In November last year, Lonmin entered into a sale and purchase agreement to acquire Anglo American Platinum’s 42.5% stake in Pandora, taking ownership to 92.5% of an asset with... 

Lonmin buys remaining Pandora stake
Lonmin CEO and COO Ben Magara

Evenly balanced year for platinum in 2017, supply deficits to continue

By: Ilan Solomons     15th May 2017 The platinum market is expected to be broadly balanced over the year with a deficit of 65 000 oz forecast for this year. Above ground stocks are expected to end the year at 1.89-million ounces, which is a 3% decline on 2016 and in excess of 54% down from 2012 levels. 

Evenly balanced year for platinum in 2017, supply deficits to continue

Platinum-boosting coin, reserve currency plans being revisited

By: Martin Creamer     12th May 2017 Plans to produce platinum coins and instate platinum as a reserve currency are being revisited to boost demand for the precious metal, leveraging off what have been long-standing demand-boosting mechanisms for gold. Mining Weekly Online can today report that strong corporate voices are again... 

Platinum-boosting coin, reserve currency plans being revisited
Photo by Bloomberg
Dust being taken off plans to instate platinum as a reserve currency, mimicking gold

Eastplats to undertake further assessment work at Mareesburg

By: Natasha Odendaal     12th May 2017 A focused reassessment and additional work is targeted for the Mareesburg openpit project, in Limpopo, as dual-listed Eastern Platinum (Eastplats) takes a “fresh look” at its mineral properties during this year, with a view to advance available development opportunities. The company said on... 

It is platinum week, weaker, weakest as miners meet in London

By: Bloomberg     12th May 2017 It’s more than a decade since miners and traders have met at London’s annual Platinum Week with prices as low as they are right now. Soft prices, currency moves that have boosted mining costs and an uncertain demand outlook are weighing on the producers who’ll gather for cocktails under the... 

It is platinum week, weaker, weakest as miners meet in London

Down 2.1% last week, IHS Materials Price Index tracks lower for third week

By: Henry Lazenby     12th May 2017 Lacklustre Chinese manufacturing data, coupled with moves by regulators to crack down on risky investments, is fuelling concern that Chinese demand growth is set to decelerate and that it had pushed down commodity prices over the last three weeks, market intelligence firm IHS Markit said in a... 

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